Debt Blog, Debt Advice & Tips for Canadians

Dollarama low price store

Things You Should Always Buy at a Dollar Store

By Debt.ca on October 9, 2020

Dollar stores are great places for thrifty shoppers. But anyone who has ever used a dollar store cotton swab knows that there are just some things that you shouldn’t buy there. So, what should you buy at a dollar store? In fact, there are some things that are so much cheaper at a dollar store that…

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Debt collection rights

Dealing with Debt Collectors – 10 Consumer Rights You Should Know

By Debt.ca on October 8, 2020

It’s indeed a pain in the neck if you’re dealing with debt collectors several times a week. Some debt collectors are known to be rude, intimidating, and straight-up obnoxious. They will try every tactic – no matter how abusive and unscrupulous – just to get you to pay back your debts. Most debt collectors get…

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Halloween decorations of poison and chemical bottles

Where to Splurge and Save Money on Halloween Candy

By Rubina Ahmed-Haq on October 5, 2020

It’s a good idea to save money on Halloween candy if you plan on participating at all this year. Halloween has become big business in Canada, but job losses due to COVID-19 may stifle the traditional celebration methods. What was once a holiday exclusively for kids has now reached into offices, adult costume parties, and…

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Man researching debt relief companies

What To Look For in a Debt Relief Company

By Debt.ca on October 2, 2020

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. Doing so can derail you from achieving other…

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Understanding Compound Interest and the Potential Damage

By Debt.ca on September 30, 2020

Understanding compound interest and the risks of unpaid debt is essential if you owe money. Accumulated interest can cause you to pay much more than the initial cost. Sometimes, interest is compounded monthly. Other times, the frequency of compounding can vary and make your debt grow faster. If you feel overwhelmed by your credit card…

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consolidation gone wrong

When Does Debt Consolidation Go Wrong?

By Debt.ca on September 23, 2020

Individuals considering debt relief often ask “When does debt consolidation go wrong?” People who are burdened with multiple debts often resort to getting a debt consolidation loan to solve their financial struggles. This approach is believed to give you relief since you’ll merge your debts into a single manageable payment, and it can lower the…

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Hands opening an empty leather wallet with above laptop

What is Insolvency?

By Sean on September 21, 2020

Insolvency is a financial state where you’re unable to meet your debts as they come due. When used as a commercial term, it means that your business is unable to pay off its debts. It is typically defined in two separate ways: cash flow insolvency and balance sheet insolvency. Let’s look at both now. Cash…

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Couple considering debt settlement

Is debt settlement right for me? Consider this…

By Debt.ca on September 15, 2020

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. For anyone struggling to pay their credit card debt and bills, the stress can be overwhelming. In many cases, the debt continues to climb, despite making payments despite making…

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When a consumer proposal ends paperwork

What You Need to Know After A Consumer Proposal 

By Debt.ca on September 9, 2020

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 of 2019, the number of consumer insolvency filings reached 32,000. Despite this high number of filings, there are still folks out there who don’t know about consumer proposals….

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Credit Counselling Consultation

6 Signs You Need Credit Counselling

By Debt.ca on September 7, 2020

The signs you need credit counselling can be quite prominent. Experiencing financial trouble in your life is indeed a pain in the neck. Many people around the world are saddled with debt. In the United States alone, there are 76 million people who are struggling with their finances. And, of course, you can find plenty…

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