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Tag: Insolvency Counsellor

Occupy Wall Street activists buy $15m of Americans’ personal debt

November 14, 2013

Rolling Jubilee spent $400,000 to purchase debt cheaply from banks before ‘abolishing’ it, freeing individuals from their bills   ‘Our primary purpose was to spread information about the workings of this secondary debt market,’ said Andrew Ross. Photograph: Spencer Platt/Getty Images A group of Occupy Wall Street activists has bought almost $15m of Americans’ personal debt […]

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What is a Credit Rating?

September 26, 2013

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 […]

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Debt Relief Canada – Five investment tips for beginners

July 29, 2013

You’ve got money. Maybe not a lot but some. And you want to see it multiply like Gremlins in a swimming pool. Once you’ve got budgeting, savings and debt under control, you might consider investing your bucks. “A lot of people when they first get started, they feel it’s overwhelming,” says Allan Small, senior investment adviser […]

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Debt Relief Canada – Charge cards vs. credit cards: What’s the difference?

July 29, 2013

American Express offers a line-up of rewards cards designed specifically for high spenders who pay off their balance in full each month. Although they seem to be credit cards, they really aren’t. They are charge cards, which are something quite different because rather than having the option to make partial payments and carry a balance, […]

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Debt Relief Canada – Low interest rate party may be ending

June 25, 2013

Watch the bond market and QE moves for early warnings that interest rates will start to rise in Canada. The interest rate party for borrowers is almost over. After almost five years of historically low rates, we’ve started to see some upward movement in the cost of money. Most people watch the central banks for […]

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Debt Relief Canada – Average consumer debt load hits new high above $27K

June 25, 2013

Canadian consumer debt loads increased by 6% in 2012, fastest pace since 2009 The average Canadian’s consumer debt load hit $27,485 at the end of 2012, a six per cent increase over the previous year’s level and the first time the figure has been above $27,000. Credit monitoring firm TransUnion says the average Canadian’s consumer […]

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