Debt Blog, Debt Advice & Tips for Canadians

Does Your Mortgage Count as Debt?

By Debt.ca 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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Canada’s Household Debt is Slowly Increasing

By Debt.ca 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 Debt.ca 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 Debt.ca 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 Debt.ca 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 Debt.ca 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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