Tag: Debt Assistance

Debt Relief Canada: Your Rights when dealing with Collection Agencies

June 4, 2015

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 […]

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Debt Relief Canada – 5 Financial Tips For Young Couples

February 6, 2012

“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, […]

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

January 10, 2012

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 […]

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Debt Relief Canada – Economy aiding in debt reduction

April 1, 2011

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 […]

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Debt Relief Canada – The Macroeconomics of Personal Debt

February 4, 2011

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 […]

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

November 20, 2010

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 […]

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