The total amount of consumer debt carried by Canadians has now ballooned to $2.1 trillion. Although a large part of that is made up of mortgages, credit cards and other types of unsecured debts also form a significant percentage of the total debt. Keeping that in mind, it is not unlikely to imagine that some […]
Category: Debt Relief
Category: Debt Relief
Are you looking for an understanding of Debt Relief in Nova Scotia? Look no further, our blog has an incredible amount of debt relief content. Read on!
Debt Services – We Can Help Solve Your Debts
Are you looking to explore the various debt services like debt management, debt settlement, and other debt solution plans? We can help. Whether you are looking for one affordable monthly payment, are struggling with unsecured debt such as credit card debt, or are simply trying to discover the fastest way to become debt-free. We can […]
Credit Card Debt Advice: All Your Options Explained
According to TransUnion’s most recent numbers, the average Canadian owes approximately $3,300 in credit card debt. While this may not seem like a lot, it is important that averages can often skew statistics. For example, in Canada, approximately 30% of Canadians are completely debt free. When you factor out those who have no debt and […]
Licensed Insolvency Trustees Nova Scotia
What is a Licensed Insolvency Trustee? Filing bankruptcy requires the services of an LIT (Licensed Insolvency Trustee), formally known as a Bankruptcy Trustee. They are an Officer of the Court. Their job is to investigate your affairs, ensure you are not committing fraud, and ensure you understand how the process works. They are also there […]
Debt Counselling: A Complete Guide
Debt counselling is recommended anytime someone is struggling with their debt, find it unmanageable, and cannot seem to get it taken care of. If you are looking for debt counselling, we can help you become debt free and provide you with a free consultation to discuss your situation. In this article, we are going to […]
How to Stop Wage Garnishment in Nova Scotia
When a creditor looks to garnish wages from you, it is a scary process. Not only do you get threatening letters and calls weeks, if not months before it occurs, but the court system is also involved, which can be quite intimidating. While a wage garnishment may seem impossible to stop, there are several remedies […]
The Good Bad and Ugly of Debt
Debt often gets bad press, but that’s not the entire story. Let’s look at the good, bad and ugly of debt. What is the source of debt, its uses, and its obligations? Interest Rates and Terms The rate on your debt is important, and it’s the first criteria for determining the good, bad and ugly […]
Will Debt Collectors Settle For Less?
Will debt collectors settle for less? This is a great question that has many moving parts to it. We will quickly break it down in this article, however, please note that we have written an article series dedicated to this topic. You can find it here: Debt Settlement The short answer to this question is […]
Benefits of Invasive Debt Consolidation (Tips For Restructuring with minimal credit impact)
In a perfect world, debt consolidation of any kind wouldn’t be needed. We would all have everything we needed and have healthy bank accounts to go along with them. There wouldn’t be any life events that negatively impact finances, and even if they did occur we would all be adequately prepared for them. We would […]