Credit Counselling

Student Loans and Credit Cards

Student Loans and Credit Cards You have graduated from University and have been unable to find a good paying job in your area of expertise. The periods of non-repayment and interest relief of your student loan debt have been maxed out. You are starting to get letters and/or phone calls from a collection agency. A […]

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Seniors and Bankruptcy: Statistics

The most recent Statistics Canada Report covering the period 1999-2012 inclusive show that family debt increased by 4% but the seniors debt (over 55 years old) increased by 16%. People generally are taking on more debt. We now owe $1.60 for every $1.00 we make. In 2013, 69,000 people filed for bankruptcy. Seniors currently make […]

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Bankruptcy and Debt Exclusion

Bankruptcy and Debt Exclusion What is debt exclusion from bankruptcy? A bankruptcy or proposal will get rid of most of your debts, but not necessary all of them. This is because certain debts are secured to your assets. The most common being a mortgage on your home or a loan on your car. If you […]

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You Need a Good Credit Score

Why do you need a good credit score? You have decided to buy a house (mortgage), buy a car (car loan) or go into business (operating line of credit to finance inventory, accounts receivable, etc.). You go to your bank and they look at your credit score. The credit score is a number (from 300 […]

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