Posts Tagged ‘Debt Help’

Relationship Status & Debt

So you’ve had the “finances” conversation in your relationship and you are still concerned about how exactly your partner’s debt will impact your personal financial situation? Hopefully, this will clear up some of the confusion. Still have questions? Comment below!   “If we get Married or become Common Law, my partner’s debt* becomes my debt…” Reality What’s yours […]

Posted on 01/31/2017 by Debt Relief Canada in Blog | Tags: , , , , , | No Comments »

Debt Relief Canada: Your Rights when dealing with Collection Agencies

The law In Ontario, collection agencies must be registered with the Government of If you’re contacted Before a collection agency can contact you they need to send you a written notice through regular mail (email doesn’t count).   This notice must include: the name of the person or business that says you owe them money […]

Posted on 06/04/2015 by Debt Relief Canada in Blog, News | Tags: , , , , , , , , , , , , , | No Comments »

The debt ‘crisis’ in Canada? If your paycheque is $100,000 plus, that means you

Source: Theresa Tedesco | May 8, 2015 | Last Updated: May 11 11:50 AM ET More from Theresa Tedesco | @tedescott They are professionals with university degrees, living in thriving economic regions like British Columbia, Alberta and Ontario, and earning at least $100,000 a year. They are also in hock for close to two times […]

Posted on 05/14/2015 by Debt Relief Canada in Blog, News | Tags: , , , , , , , , | No Comments »

What is a Credit Rating?

What is a Credit Rating? Every piece of credit history information in your credit file is assigned a rating by the credit grantor. The most common ratings are “R” ratings. These are known as North American Standard Account Ratings. The “R” indicates that the item being described involves revolving credit. If you always pay on […]

Posted on 09/26/2013 by Debt Relief Canada in Blog, News | Tags: , , , , , , , , , , , , , , , , , , , , , , , , | No Comments »

Debt Relief Canada – 5 Financial Tips For Young Couples

“Young couples should focus on eliminating their debts before they consider purchasing a home, financial experts say. It is also a good idea to have an honest conversation about where each partner stands in terms of income and debt.” For many couples in their 20s or 30s, financial life together evolves much like everyday life, […]

Posted on 02/06/2012 by Debt Relief Canada in Blog | Tags: , , , , , , , , , , , , , , , , , , , , | No Comments »

Debt Relief Canada – 1/3 of retirees still in debt: Statistics Canada

Study suggests almost one-third of retired Canadians are in debt CBC News About one-third of retired Canadians are in some form of debt, a report from Statistics Canada suggested Wednesday, throwing cold water on the notion that those in their golden years are debt free. The study from the government agency showed that 34 per […]

Posted on 01/10/2012 by Debt Relief Canada in Blog | Tags: , , , , , , , , , , , , , , | No Comments »

Debt Relief Canada – Credit – An Inside Look at How You Score

An Inside Look at How You Score Do you know what affects your credit score when you fill out a credit application? You might be surprised. Your credit score is a number that is calculated based on a bunch of factors that lenders use to decide whether or not to lend to you. The better […]

Posted on 08/03/2011 by Debt Relief Canada in Blog | Tags: , , , , , , | No Comments »

Debt Relief Canada – Economy aiding in debt reduction

While Canadians continue to carry record debt loads, improvements in the economy are allowing them to service that debt. Details in the earnings reports from CIBC and National Bank suggest that the banks are seeing fewer credit card accounts slipping into arrears, as Canadians find the cash to make at least their minimum payments. Loss […]

Posted on 04/01/2011 by Debt Relief Canada in Blog, News | Tags: , , , , , , , | Comments Off on Debt Relief Canada – Economy aiding in debt reduction

Debt Relief Canada – The Macroeconomics of Personal Debt

Visit GetSmarterAboutMoney.ca In the recent past, the head of the Bank of Canada (BoC) sounded the alarm to the nation about personal debt levels – the amount of personal debt carried by Canadians has reached a record high Although everyone knows that it’s never good to be in debt, why would the Bank of Canada […]

Posted on 02/04/2011 by Debt Relief Canada in Blog, News | Tags: , , , , , , | Comments Off on Debt Relief Canada – The Macroeconomics of Personal Debt

Debt Relief Canada – What Is a Collection Agency and How Do I Deal With It?

A collection agency is an organization that obtains or arranges for payment of money owed to a third party; this could be a person or a company. If you’ve been notified in writing that an account has been turned over to a collection agency, don’t panic. The agency isn’t in business to make life unbearable […]

Posted on 11/20/2010 by Debt Relief Canada in News | Tags: , , , , , | Comments Off on Debt Relief Canada – What Is a Collection Agency and How Do I Deal With It?