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In The News: Bankruptcy in Canada on the Rise
Back in April, the Huffington Post reported on bankruptcy in Canada and noted that, according to the Office of the Superintendent of Bankruptcy (OSB), the number of consumer insolvencies (bankruptcies and consumer proposals) in Canada jumped by almost 10% over the past year. Have things changed since April? Is the Canadian consumer debt situation getting…
Read MoreHow to Re-Establish Your Credit After Bankruptcy
Most of us have been there at one point in our lives or another; dealing with money woes that can seem insurmountable. Some of us are able to find solutions to this issue that are less impactful on our overall financial health, while others turn to bankruptcy or a consumer proposal as the only solution.…
Read MoreTrade in or Trade Up? Lease Buyouts in 1-2-3
When it comes to buying a car, leasing is often seen as a very attractive option. The ability to get a brand new car, for a lower monthly payment, knowing you can trade that car in in the end and take on a new car once again, can often seem like the best deal out…
Read MoreFiled for Bankruptcy in Ontario… Now What?
It happens. Good people file for bankruptcy and consumer proposals all the time. When times get really tough, and money troubles have you stressed out and losing sleep at night, sometimes these two financial options are the only things that will help. If you’ve chosen to go this route and have filed for bankruptcy in…
Read MoreHow to Make Up Back to School Financial Shortfalls
We are now coming into the final weeks of summer, and that means that many parents are heading out for that dreaded back to school shopping trip. The clothes, the shoes, the school supplies; these items can end up costing an arm and a leg. Even if they don’t, if you’re in a strained financial…
Read MoreSmart Money Club: Cheap Things to Do in the GTA This Summer
We are more than halfway through the summer now, and if you are like many other Canadians, that summer spending has turned out to be a little higher than you first intended. The camping trips, days at Wonderland, cottage rentals, etc., can rack up quickly. If you’ve reached this point in August and want to…
Read MoreBuying a Vehicle? How to Purchase for The Payment
If you are thinking about buying a vehicle, there is often a lot to consider before you sign on the dotted line. What size do you need? What’s the mileage? What’s the fuel economy? And, of course, most importantly, what can you afford? Here are some tips to help you stick to your budget. First…
Read MorePayday Loan Sharks? Former Employees Says Yes!
Payday loans are nasty business. For many customers, the ability to enter an establishment, receive a loan without a credit check, and be out quickly, can be very tempting, especially for those with emergencies. But this temptation comes at a steep price – so steep in fact that various provinces are attempting to make moves…
Read MoreUsed Car Financing in Toronto – What You Need to Know
It is common knowledge that a car depreciates in value as soon as it is driven off the lot. It is thanks to this that used car buying remains a popular option for those looking to trade up when their vehicle is due for an upgrade. Used car financing represents a valuable resource for those…
Read MoreIf I File a Bankruptcy, Will I Lose my Home?
Canadian consumer debt has climbed in the past decade, and as a result, thousands of Canadians are realizing that bankruptcy is a very valuable resource with regard to paying off debt. That being said, many are still concerned when it comes to their assets and wonder ‘if I file a bankruptcy, will I lose my…
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