Budgeting & Debt
Learn how to manage your budget and reduce debt with practical guides on spending, saving, credit, and repayment strategies. Take control of your money and your life with confidence.
How to Avoid Overdraft & NSF Fees in Canada
Set up low-balance alerts on your chequing account, link a backup funding source like a line of credit, and use a financial institution like Neo that notifies you before a payment fails.
Debt Consolidation Loans For Bad Credit Do Exist in Canada, But They Are Rarely Worth It
A borrower with good credit might qualify for a consolidation loan at 10% to 15%, which creates meaningful savings. A borrower with a credit score below 650, however, will often be quoted rates of 25% to 35%.
How to Be Discharged From Bankruptcy in Record Time in Canada
To qualify for an automatic discharge, you must satisfy every one of your bankruptcy duties.
Debt Management Program VS Consumer Proposal: How To Decide Between The Two
A debt management program (DMP) requires you to repay 100% of your debt, while a consumer proposal lets you settle for a fraction of what you owe. That single difference should guide most of your decision.
Consumer Proposal VS Debt Consolidation: Choosing the Right Path to Protect Your Credit & Reduce Your Payments
Consolidation tends to work best when you can afford to repay your full debt, but want to lower your interest costs and simplify your payments.
How Your Personal Bankruptcy Impacts Your Spouse in Canada
Filing for personal bankruptcy in Canada does not make your spouse responsible for your debts. The key exceptions involve joint debts, co-signed obligations, and jointly owned assets.
Five Bankruptcy Alternatives For Canadians Struggling With Debts
Canadians who owe more than they can repay have at least five viable bankruptcy alternatives that can reduce payments, lower interest, or settle debts for less than the full amount.