Author Archives: Debt Managers

Just found out that Home Depot is offering 12 months of identity protection – FREE – to anyone who may have made a purchase between April and September in 2014 (at any of their stores in the US or CAN). I just … Continue reading →

A Debt consolidation program is a great avenue for Canadians who need assistance and permanent solutions to unwanted personal debt accrued through credit cards, personal loans, etc. Unsecured loans through these credit avenues add up before one realizes that outgoing … Continue reading →

When people face financial hardship, they tend to look for ways to raise funds to pay off their debts. One popular solution is a debt consolidation loan. However, not everyone is eligible to obtain a loan. Many applications get rejected … Continue reading →

Many people have the misconception that building good credit requires one to get into debt. However, this isn’t true. One can build a good credit history without having to pay high interest rates. Is there really a need to build … Continue reading →

According to a survey by the Canadian Payroll Association on financial health of Canada’s workers, a vast majority of Canadians are living paycheque to paycheque, i.e. they would be in trouble if any month’s pay were delayed by even a … Continue reading →

It’s human nature to ignore things that are in the future and to focus on the short-term. However, when it comes to finances, ignoring the future comes with a cost. Many people are unprepared for “unexpected” expenses that do not … Continue reading →

A debt is considered good in two cases; when businesses borrow money to expand their business and when people take out a mortgage to buy a home. In both these examples, debt is a good thing because it is being … Continue reading →

For many of us, Friday is a Payday and it’s time to celebrate. However, for some of the people Friday is a “Payday Loan Repayment day” and that is not a very good thing. The network of payday lenders has … Continue reading →

Since 2007, CGA-Canada has been analyzing collective attitudes towards indebtedness and spending. The 4th report in the series, “A Driving Force No More” revealed that Canadians are continuing to struggle with record levels of household debt. 86% of Canadians 19-64 … Continue reading →

Rising Household Debt Residential mortgage and consumer credit together make up household debt, mortgages comprising the major. As per the conventional wisdom, mortgage borrowing is more secure as compared to consumer credit, as the former is secured against appreciable residential … Continue reading →