The Debt.ca blog
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Debt ReliefIs debt settlement right for me? Consider this...
Asking "Is debt settlement right for me?" might not be the right question. There are some considerations to keep in mind when you seek debt relief.…
Debt ReliefWhat You Need to Know After A Consumer Proposal
For people who have debt problems, one of the best debt solutions to escape such a predicament is to file a consumer proposal. In the first quarter…
Debt Relief6 Signs You Need Credit Counselling
The signs you need credit counselling can be quite prominent. Experiencing financial trouble in your life is indeed a pain in the neck. And, of…
Debt ReliefWhat to Do When Struggling to Pay Your Debt Management Program
Struggling to pay your debt management program isn't a typical issue of the plan. Taking out loans or using credit cards can be a good way to cover…
Budgeting & MoneyJoint Bank Accounts, What You Need to Know
Convenient access to pooled resources, higher savings, expense tracking, and successful budgeting have never been easier with joint bank accounts. In…
Loans & CreditEverything You Need to Know About Online Instalment Loans
Online instalment loans are a highly popular loan option for people who need to borrow fast cash. It differs from other types of loans because the…
Credit HealthTips for Lowering Credit Utilization Ratio
When lowering the credit utilization ratio, it's key to improving credit. However, you should watch out for the credit utilization on your credit…
Housing & MortgagesMortgage Stress Test Falling
The mortgage stress test rate has fallen once again. This is the third time since Covid-19 started. In this article, we’ll look at what the mortgage…
News & CommentaryPros and Cons of Debt Consolidation
Understanding the pros and cons of debt consolidation is pivotal when reviewing your options. It’s indeed a tough situation to get saddled with…
Taxes & BenefitsChildcare Subsidy for Canadian Parents
In this article, we’ll review what a childcare subsidy is and how it works. Figuring out how the child care subsidies work in your province isn’t…
Budgeting & MoneyStart Your Retirement Savings Plan Today
The younger you are, the harder it can be to imagine what retirement is going to look like. For some, retirement age is 40 or more years away. The…
Loans & CreditIs Co-Signing A Loan A Foolish Mistake? Learn Before You Loan
Co-signing a loan sounds like a great way to help someone in need. Usually, a friend or family member needs a loan or some other type of security…
Loans & CreditHow to Come Out Ahead on Credit Card Balance Transfers
Credit card balance transfers may be a good alternative to many other debt relief options. If you're currently stuck in credit card debt and feel…
Loans & CreditWhy Payday Loans Are an Awful Borrowing Choice
Are you among the 31% of people who believe they have too much debt? A recent survey cited that 73.2% of Canadians have debt or use payday loans to…
Debt RepaymentWays to Reduce Debt During Tough Times
If you're looking for ways to reduce debt while enduring the pandemic, so are many others like you. Debt is a challenge, and more so when you are…
News & CommentaryHousehold debt ratio rises to 176.9%
Canadian household debt is once again in the spotlight. The household debt ratio is heading towards a record high. In this article, we’ll look at…
News & CommentaryPersonal Bankruptcies fell to a record low in April
Amid a global pandemic, you’d think that personal bankruptcies would be increasing, but that hasn’t been the case. In fact, personal bankruptcies…
Debt ReliefDebt Consolidation vs Bankruptcy
When it comes to debt consolidation vs bankruptcy, the two differ in many ways. A rough economy can tempt one to declare bankruptcy if you have large…
Taxes & BenefitsFirst time home buyer Incentive
Are you a first-time home buyer looking to purchase a home in the near future? You may have heard of and be familiar with the First-Time Home Buyer…
Budgeting & MoneyGet Your Personal Finances on Track
If you want to get your personal finances on track, it takes time and guts. You must put effort into setting up a system that will work for you. Come…
Budgeting & MoneyCheap Gifts for Dad on Father's Day
Are you all set on gifts for dad on Father's Day? Father’s Day is coming up on June 21st. Are you prepared? With the current COVID-19 pandemic, money…
Housing & MortgagesCMHC Mortgage Rule Changes
There are many CMHC mortgage rule changes that have the potential to affect many Canadians. The Canada Mortgage and Housing Corporation (CMHC)…
Debt RepaymentShould You Invest In Your RRSP Or Pay Off Debt?
Should you invest in your RRSP or pay off debt? This is one of the most common financial decisions faced by Canadians these days. Unfortunately,…
Housing & MortgagesSimple Ways to Pay Down Your Mortgage Sooner
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…