Sick and tired of credit card debt, lines of credit, collections calls, and generally being out of control with your spending? It’s time to commit to getting on a budget and paying off your debts. Most of the amounts are manageable: $1,500 on the credit card, $4,000 on your line of credit, maybe $300 on…
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Everyone takes a different approach to paying off their debts. Some people are fine carrying some long-standing debt as long as their monthly cash-flow is manageable. Others see any kind of debt as a constant thorn in their side and their only priority is to get out as fast as possible. The math is simple:…
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The idea of frugality as being your best bet for paying off debts is not a new one. Made popular by David Bach, he calls it the “latte factor”, explaining how your quick trip to Starbucks for a $3 coffee every day is actually crippling your chances at a strong financial future. The logic is…
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If you’ve decided to work your way out of debt, just getting organized to understand how much you owe can be challenging. Between different lenders for your student loans, multiple credit cards, a line of credit, car loan, payday loans, and a mortgage, figuring out exactly what your debt number is can be confusing. Even…
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In a previous article (Build an Emergency Fund and Avoid Borrowing More Money) we discussed how an emergency fund was the first important step to stop debt accumulation in its tracks. If you followed that advice or are lucky enough to have a small amount tucked away that can function as your emergency fund, it’s…
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Payday loans are seen as a last-resort option for someone who needs a quick bit of cash (in theory a few days before you receive your regular paycheque). Unfortunately, many people fall into a trap of not being able to pay the loan back on time and end up paying exorbitant interest rates. If you…
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If you’ve decided that you’ve had enough of debt and it’s time to get out, you have to make an important first step: Draw a line in the sand In the case of getting out of debt, that line is: NO MORE DEBT. Some people seem to think that they can get out of debt…
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Debt is a challenge, and more so when you are going through tough financial times. During such times, what you earn is hardly enough to satisfy your daily needs. If your income is not enough to meet your most basic requirements, then meeting your debt obligations becomes even more challenging. In your efforts to settle your…
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Choosing the best debt relief company can be a difficult task. Debt is a sensitive topic and many Canadians are not comfortable sharing information about their very personal situation. However, it is important to ensure that you don’t spend all of your time worrying about settling debts because this can derail you from achieving other…
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A debt free financial life is the dream for everyone, not only in Canada but in all parts of the world. You feel good when you know there is no one waiting on you to pay back their money that you may have borrowed some time back. Yet this is a difficult position to attain…
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Debt.ca provides information and tools to help Canadians get out of debt. Learn more about the debt relief options in Canada and find out which one is right for you.
Individual results will vary. Debt.ca does not assume or pay any debt, nor does it provide legal advice or offer credit repair services. If you require legal advice, you will need to consult with a licensed attorney. Individual results are highly dependent on successful completion of program and your ability to save money. Settlement estimates of 40 - 60% are examples of past performance and are not intended to be a guarantee of future settlement results. Results will vary based on individual circumstances. Please read and understand all contract terms prior to your enrollment. All testimonials, program descriptions and BBB Accreditation's are related to or provided by our third party affiliates. Names and pictures associated with client testimonials are not real in order to protect the privacy of all clients. Information from third parties is not verified or guaranteed by Debt.ca.
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