Managing Debt Tips - Consolidated Credit Canada

Banks Helping People During Coronavirus

Banks Helping People During Coronavirus

By Debt.ca on June 2, 2020

If you didn’t know, there are banks helping people during coronavirus and the difficult times right now. The COVID-19 pandemic is having a bad effect on Canadians. Many businesses have had to shut down. And many workers have lost their jobs. That means there are millions of Canadians that are seeing less income. But bills…

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Should You Invest In Your RRSP Or Pay Off Debt

Should You Invest In Your RRSP Or Pay Off Debt?

By Debt.ca on June 1, 2020

Should you invest in your RRSP or pay off debt? This is one of the most common financial decisions faced by Canadian these days. Unfortunately, there isn’t a one size fits all approach. Whether you should invest in your Registered Retirement Savings Plan or pay off debt largely depends on how much debt you have,…

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Simple Ways to Pay Down Your Mortgage Sooner

By Sean on May 28, 2020

Are you interested in investing in real estate? Unless you can afford to pay for a property in cash, you’ll need to take out a mortgage. For many Canadians, the dream is to be mortgage-free by retirement. But what if you could pay down your mortgage a lot sooner? Once you have high-interest debt like…

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Enhanced Powers for the Financial Consumer Agency of Canada

By Debt.ca on May 26, 2020

The new enhanced powers for the Financial Consumer Agency of Canada have been underway since April, 2020. The Financial Consumer Agency of Canada (FCAC) is an independent federal regulatory agency. Its mandate is to help protect Canadian consumers and inform them about financial products and services. It’s responsible for enforcing consumer protection legislation and ensuring…

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How to Prepare for a Financial Crisis

How to Prepare for a Financial Crisis

By Debt.ca Staff on May 26, 2020

Have you ever thought about how to prepare for a financial crisis? If you’ve experienced one at some point in your lifetime you probably have. In this article we’re going to look at how to prepare for a financial crisis. We’ll look at the importance of being prepared for one and ways to get by….

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DCA - Covid-19 Credit Card Payment Deferrals

Credit Card Payment Deferrals in Covid-19

By Debt.ca on May 13, 2020

Credit Card Payment Deferrals can benefit Canadians struggling to keep up with debt. Though benefits like rewards points make credit cards convenient, the list of advantages is quite short today. The coronavirus is making paying credit card bills difficult. Many Canadians are reeling from layoffs. Many businesses have also had to shut their doors. That…

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COVID-19 Mortgage Deferral

COVID-19 Mortgage Deferral

By Debt.ca on May 7, 2020

If you are struggling with finances right now, a COVID-19 mortgage deferral plan may play a critical role in keeping your family afloat. The COVID-19 pandemic is causing a lot of financial distress for Canadians. Many businesses have had to shut their doors. Many workers have lost their jobs due to COVID-19. That means there…

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Covid-19 Tax Changes

Covid-19 Tax Changes

By Debt.ca on May 4, 2020

Are you aware of the COVID-19 tax changes in effect? We just passed tax season, and most people would have received their tax refund by now. Normally, that would have meant April 30, 2020 would be the deadline. Then, you would either collect your tax cheque, or prepare for the income tax payments you owe….

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COVID-19 Budgeting Tips

COVID-19 Budgeting Tips

By Debt.ca on April 28, 2020

Recently, many COVID-19 budgeting tips articles tout information that may sway the average consumer in the wrong direction. Budgeting during the coronavirus pandemic is actually a little different. Taking care of your ongoing fixed costs like mortgage and insurance can be difficult if you’re navigating a layoff. With restaurants and bars closing along with several…

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covid-19 mask

Do you need help paying bills through Coronavirus?

By Debt.ca on April 3, 2020

There’s no shame if you need help paying bills right now. With the coronavirus resulting in layoffs, there’s no surprise so many people need financial assistance. If you are currently having trouble paying your bills due to COVID-19, the Economic Response Plan can help. Local churches, the Salvation Army, and many other non-profit organizations have…

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