Monthly Archives: January 2013

In what seems like good news for borrowers the Bank of Canada has eased off on its threat to raise interest rates if Canadians do not get control of their debt. In effect, household debt management has taken a back seat to a continued sluggish economy. The Bank of Canada… Read more

A simple activity with my youngest son last night had me thinking that for those wondering how to be debt free the answer was right there.  Keep it simple.  It all started when my youngest, up past his bedtime again, came excitedly into my office where I was working to… Read more

Making only the minimum payment on a credit card will keep you in debt longer and cost you thousands of dollars.  We all know this logically but have you ever wondered why? It’s because of a little trick that credit card companies don’t want to tell you.  Debt advisors call it… Read more

The Ontario government is set to introduce new debt settlement regulations  designed to crack down on abusive debt settlement companies and it’s about time.  Following the lead taken by Alberta, Manitoba and Nova Scotia,the new rules are likely to ban debt management and debt settlement companies from charging upfront fees, limit… Read more