Tag Archives: Line of Credit

You know your debts won’t just go away and that you have to do something about them.  Not answering the phone, not opening the mail, not thinking about the problem isn’t working.  The phone keeps ringing, the past due notices keep piling up, and even when you don’t think you are worrying… Read more

Debt is a fact of life. While we talk about living debt-free the truth is most people will at some point in their lives carry some form, or several forms, of credit. The trick to keeping your debt under control is to learn to borrow, and repay loans, wisely. Here… Read more

Canadians don’t think they are better off financially now compared to a year ago and most are even more worried about the future. Does this sound like you?  Should you be worried? The answer is probably yes.  And here’s why. Consumer debt in Canada is too high.  Household debt-to-income in… Read more

Question: My mom owns her home (no mortgage) but has a line of credit owing with the house as collateral. If she was to declare bankruptcy would she need to sell the house to pay off the line of credit owing or would it be considered a debt and be written… Read more