The last thing anyone wants is to be so behind on repaying debt that they end up in collections. When your account goes to a collections agency, it likely means that that you’ve failed to pay bills and you were unable to set up or stick to a new…
In January, people tend to cut back on certain expenses as they rehabilitate their credit and make up for overspending during the holidays. Less shopping, less restaurant visits, less entertaining… The effects that overspending have on lifestyle are usually pretty apparent…
Next in our 12-month series to being debt-free: sometimes, rather than scrimp and save, the best way to beat debt is to up your income. Read on for our top tips.
The Canadian debt to income ratio now sits at 163.3% – a new high. What is driving such record borrowing levels? Barry Choi breaks down the economic factors.
Pay nothing upfront, and only a small amount weekly or monthly – seems like a great deal for those big ticket household items, right? Well, as it turns out, rent to own retail models can cost you far more than your goods are worth. Here’s what you need to know.
If you’re in deep debt with no hope of consolidation, bankruptcy could be your best option. While hitting rock bottom can ease the pressure of hounding creditors, however, you’ll be on a long road to financial recovery and good credit.
Does the motto “sharing is caring” extend to your bank account? For many couples who cohabitate, opening a joint account to deal with combined financial responsibility just makes sense. However, there are warnings to heed before you truly share the wealth.
Now that you’ve handled your debt, it’s time to take money management to the next level – and that’s ensuring your good financial standing. Make your savings work for you by exploring options such as high interest savings accounts and GICs, and learn the ins and outs of applying for loans – without hurting your credit.
The self-employed (including small business owners) have always had a hard time getting mortgages. And pity those who’ve gone through a divorce, which can hurt in countless ways. A friend recently revealed that when she first separated from her husband, she had no credit rating. Here’s what to do when you don’t qualify for a mortgage.