Debt Solutions Blog

You’ve probably seen the ads: “0% interest for the first 12 months!” for a new credit card. Sounds too good to be true, right? These are ads for balance transfer credit cards, and it’s true, they do offer 0% interest for a promotional period (usually between six and 12 months)…. Read more

You know the game show Family Feud? People are asked to guess the top answers given to a specific question. Some of their answers are very funny. You know one of the questions I’ve never seen asked? “What are the top five reasons people say why they don’t’ save?” I’d… Read more

Every Canadian should know the basics when it comes to financial literacy and that includes an understanding of limitation periods; what they are, what types of debts are covered, limitation periods in various provinces, and how to calculate the expiry of a limitation period. Limitation periods place pressure on creditors… Read more

Bankruptcy is about allowing a person a fresh start from his or her debts. It’s a solution many take when there is no other reasonable hope of being able to pay back all of their debts.  There are many causes that lead people to filing bankruptcy – lost wages, emergency… Read more

If it’s such common sense to only spend what you can afford, why do so many people spend money they don’t have – use credit without paying their balance off in full every month – to buy things they want? Have we become so delusional about the damage debt does… Read more

When you legitimately owe money and the caller has ‘got the right person’ you need the right strategies to help you handle collection calls and solutions to help you deal with the underlying debt. Calls seeking payment of an outstanding account can come from your creditor, or its authorized collection… Read more

Registered Education Savings Plans have been around for about forty years? You’d think with all that history we’d have a better understanding of how they work. And with the free money the government is willing to throw at parents to encourage them to save, you’d think there’d be more people… Read more

Moneyproblems.ca is about finding experts who can help you manage your way out of debt problems with great information and advice. Today we bring you a guest article from the experts at Ratehub.ca. If you’re planning on buying a home, but are unsure about how large your mortgage should be and what it costs to run… Read more

“Not until the pain of the same is greater than the pain of the change will you embrace change.” – Dave Ramsey Most people who are in financial trouble are aware of it but often, we live for a long time in denial about how bad things actually are. Like… Read more

With over half of all Canadians carrying an outstanding balance on their credit card, it’s not surprising that debt consolidation is something many turn too as a strategy to lower interest charges and pay off credit card debt sooner. However consolidation loans don’t always save you money in the long run or solve… Read more