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Helpful Debt Relief Articles & Resources
October 15, 2015
News: Could you afford a $500 increase in monthly mortgage debt?
When the interest rate on your mortgage starts to rise, can you keep up with the payments? According to a new survey from the Bank of Montreal, 16 per cent of Canadians could not afford a $500 increas...
Read moreOctober 8, 2015
News: Financial literacy and household debt are missing from this election
With Canadians heading to the polls in two weeks, the economy has been a key theme in this election. But most of the talk seems to be around whether or not Canada is in a recession, based on the fact ...
Read moreOctober 1, 2015
News: Household debt isn’t only for the young—it’s rising faster for seniors
In June, Canada’s debt-to-income ratio hit a record high of 164.6 per cent after making its largest jump (from 163 per cent in March) since 2011. This means that Canadians owe, on average, $164.60 f...
Read moreSeptember 22, 2015
News: What you’d do to pay off student loans—and what you should be doing
It appears that some university grads are willing to go to great lengths to pay off their student loan debt. According to recent reports, 25 per cent of students in the U.K. take part in experimental ...
Read moreSeptember 15, 2015
News: Interest rates aren’t decreasing—what about your debt?
Canada officially entered a technical recession this month after two straight quarters of declining GDP. This news didn’t lead the Bank of Canada to cut interest rates; the benchmark rate remains at...
Read moreSeptember 2, 2015
News: Many Canadians ignored economic warning signs, increased debt this summer
Although Canadians certainly can’t be faulted for seeking some rest and relaxation after our seemingly endless winter, it’s still important to keep track of your spending in the summer. Whether go...
Read moreAugust 31, 2015
News: Economic downturn presents debt consolidation opportunity
While stocks and commodities have corrected lately, Canadian consumer debt keeps growing, to the point where the average Canadian now owes $1.63 for every dollar they earn. Let this market decline be ...
Read moreAugust 25, 2015
News: How to cope with high housing prices when you don’t have 1 million
Unless you’re living in Calgary or Edmonton, which are currently feeling the effects of plunging oil prices, you could be dealing with added debt problems due to the rising cost of housing in your c...
Read moreAugust 19, 2015
News: Can the new Ontario pension plan help seniors dealing with debt?
Last week, it was big news across the country when the Ontario government unveiled details around the Ontario Retirement Pension Plan (ORPP). This plan intends to supplement retirement savings for two...
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