Debt Solutions Blog

You’ve been struggling with the challenge of meeting your monthly debt payments for a while now and have decided you want to deal with your debt but need a road map. Choosing the right debt relief option is a bit like hitting a traffic circle. Technically all roads will lead… Read more

I hate overdraft protection. Hate it with a purple passion. Why? Well, in principal it’s a good tool to have when you’re in transition. When your life is in turmoil, it’s nice to have a safety net to protect your credit history. But IN PRACTICE most banks let you treat… Read more

I like to think that I’m a responsible, respectable, law-abiding citizen. Or at least responsible and law-abiding. But I have to confess that I have removed most of the “DO NOT REMOVE” tags from the pillows inside my house. GASP! On occasion, I have totally gone wild and parked my… Read more

Credit cards are a convenience but there are times you should think about leaving them in your wallet rather than adding to your credit card debt. Before you charge it, here are some situations when using your credit card to make a purchase is a bad idea. 1. You Already Have… Read more

There’s no one right way to handle money in a remarriage. But since you can’t escape responsibility for your partner’s decisions, you better talk about it. Some couples maintain separate savings and chequing accounts, paying for their own personal and children’s expenses and sharing the costs of running the household…. Read more

Earlier this year Licensed Insolvency firm Hoyes, Michalos & Associates Inc. published their fifth biennial Joe Debtor study, which looks at the different faces of debt. We analyzed their different risk groups, and found that millennials are increasingly turning to insolvency to deal with their debts. From their 2015-2016 study, millennials (ages… Read more

Is it possible to have a mortgage that is simply too large? Here is the conventional wisdom: Buy as big a house as you can afford, because long-term house prices always go up, so you can’t lose. or It’s okay to take out a bigger mortgage to increase your leverage,… Read more

I’m going to let you in on a little secret. I love weddings. I’ve been to a lot of weddings. Defying all odds, I even found someone willing to marry me. The Big Day There’s really no other occasion that compares with the pure joy and optimism of a wedding…. Read more

Sometimes buying is the only way to go: think toothbrushes and underwear. But for just about everything else there’s a rental option that could let you try before you buy. So when does it make sense to rent, and when does it make sense to buy? More For Your Money… Read more

When people set goals and set out to achieve them, they’re often discouraged by the obstacles they encounter along the way. It would be nice if making the decision to do the “right thing” guaranteed us a simple and speedy passage to our end goal. But, life doesn’t work that… Read more