Debt Blog, Debt Advice & Tips for Canadians

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Paying Off Canadian Debt While Living in the USA

By Debt.ca on December 17, 2020

As a Canadian citizen thinking of relocating to the USA, it is always advisable to get your finances in order before finalizing the move. It may be tempting to avoid paying off your credit card debt or student loans. But keep in mind that you might want to move back sometime in the future. Or,…

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Why Smart Renting Is The Key To Avoiding Debt

By Debt.ca on December 17, 2020

Smart renting, in this context, is the act of maximizing the benefits of renting a home or apartment. As many house prices continue to rise, and people have difficulty saving up for a deposit or qualifying for a mortgage. Getting on to the property ladder is becoming harder and harder. This means that many people…

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Home equity loan scales

Using a Home Equity Loan for Debt Consolidation

By Sean on December 14, 2020

Using a Home Equity Loan for Debt Consolidation may not occur to a homeowner immediately when experiencing finance troubles. COVID-19 has been tough on the finances of a lot of Canadians. COVID-19 arrived in North America with little warning. One week all the shops were open, the next week, businesses were ordered to shut down….

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How To Choose The Right Credit Counsellor For You

By Debt.ca on December 11, 2020

Credit counselling is one of the ways to solve your debt and other financial problems. If you choose the right credit counsellor, he or she can help you identify the root of your debt problem. It also helps you learn about the different solutions to get out of your predicament. Your counsellor also helps you…

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The Imminent Housing Crisis and the Average Canadian’s Plea

By Steve Horton on December 10, 2020

Is there a housing crisis brewing in Canada? With eviction moratoriums and mortgage payment deferrals having already expired for 2020, it’s possible many Canadians still suffering from COVID-related layoffs may have trouble paying for a place to live. We spoke to six housing experts across Canada for their thoughts on what homeowners and renters can…

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What is a Good Credit Score? Ranges and Factors

By Debt.ca on December 2, 2020

It’s crucial to know what a good credit score is if you’re building or maintaining healthy credit. If your credit score is good, you have a higher chance of getting a lender’s approval for your loan or credit card application. It also qualifies you for favourable interest rates and terms. The question is: what makes…

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The Importance of Hiring a Tax Resolution Firm

By Debt.ca on November 30, 2020

Hiring a tax resolution firm can help you if you have tax issues. It’s indeed intimidating to receive phone calls from the Canada Revenue Agency about your taxes. The CRA has powers to levy fines or put a tax delinquent in prison for failing to pay taxes. From 2012 to 2017, there are already 408…

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Mobile Security Tips to Secure Data When Using Money Apps

By Debt.ca on November 26, 2020

According to 75% of mobile experts in Canada, mobile security and privacy are among the top concerns today, especially when people use mobile banking apps for money transactions. A lot of money apps can access highly sensitive personal information, such as your location, bank transactions, and banking details. If you fail to make your device…

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Old man teaching financial literacy to his grandson

The Benefits of Teaching Financial Literacy to the Youth

By Debt.ca on November 18, 2020

Teaching financial literacy to our youth is crucial. It allows them to know the importance of money and in making the right financial decisions in the future. Children should develop good money habits before they become income earners. Help children and young adults avoid negative attitudes when it comes to money. Financial management skills will…

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Close-up of businesswoman using digital tablet to work with financial data

Things You Need to Consider When Sharing Your Financial Data

By Debt.ca on November 16, 2020

Sharing financial data is a common practice for companies and institutions offering financial services. That’s why there are some things you should consider when sharing your financial data. Organizations share pieces of information from your credit cards, loans, bank accounts, and other financial accounts. They are crucial to support various types of functions, such as:…

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