Debt Blog, Debt Advice & Tips for Canadians

How To Overcome Setbacks As You Pay Back Debt

By on November 2, 2012

You’ve committed to paying off debt and have at least started your emergency fund.  You’ve got a plan for paying off your debts: either the high-interest method or the snowball method.  If everything goes perfectly, you’ll be out of debt at a measurable point in your future. But then something happens.  It doesn’t just rain – it pours. …

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Does Your Mortgage Count as Debt?

By on October 26, 2012

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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wallet empty from payday loans

Say NO to Payday Loans

By on September 26, 2012

You might be considering payday loans if you’re struggling to pay your bills each month. But, in fact, these loans can be hazardous if you’re unaware of how they work. Below are some reasons you should not consider a payday loan unless there are no other options available. What is a payday loan? These are…

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Canada’s Household Debt is Slowly Increasing

By on July 4, 2012

Most Canadians, especially the elderly, are seemingly much more aware of their debt obligations and a good number are now making every effort to ensure that their debts are paid in good time to avoid the inevitable disappointments that result from unsettled debts. According to a poll initiated by the Canadian Imperial Bank of Commerce…

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Canadians Have A Big Appetite For Debt

By on June 21, 2012

A recent survey has revealed that a large number of Canadians are comfortable with going into debt in order to achieve some of the fine things in life. Most Canadians confirmed that they will be okay with getting into debt for accomplishments such as weddings, honeymoons, buying homes as well as paying school fees. The…

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5 Tips To Help You Avoid Shady Debt Settlement Companies

By on April 12, 2012

You can avoid shady debt settlement companies by looking for the right signs. The level of debt in Canada is a concern to most borrowers. When you face a debt challenge, the last thing you want to do is deal with a debt settlement or debt negotiation company that will not help get you out…

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Facing Debt Problems

By on August 18, 2011

Debt in itself is a big problem. Taking a loan and then returning it at a later date can have serious consequences. So we should spend as much money as we have rather than constantly borrowing and ending up with debt problems. If you ask 100 people if they want to be in debt, everyone…

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Define Debt

By on August 1, 2011

Debt is defined as the amount of money that you owe to somebody. In other words, the debt is what one party or a debtor owes to the second party or a creditor. A debt gets created as soon as any creditor provides an asset to the debtor on certain terms and conditions. In order…

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