2025-08-14
How to budget for summer vacation
Vacation costs can add up quickly without proper planning. This guide can help you budget so that you can make the most of your trip without overspending.
2012-03-28
Watch the video or continue reading below. As Canadians, we have a number of choices available to us in determining the best solution for managing our debts. Obviously, everyone’s circumstances will be a bit different, but the following questions may help you determine the best direction for you: How much do I owe and what kinds of creditors do I have?How far behind are my payments and have they already been assigned to collection?Are 100% of my creditors willing to negotiate or have legal proceedings already begun?Do I have the ability to make regular payments after paying my household bills? When to Consider a Debt Repayment Plan If you are able to afford it and qualify, a debt consolidation loan will be the best alternative for preserving your credit rating and managing your debt into one repayment plan. If all of your creditors agree, you can approach a debt consultant to help you negotiate a repayment plan to certain unsecured creditors over time. They will generally charge you a fee up front and an ongoing cost as you make payments and there is no legal guarantee that your creditors won’t change their minds regarding the arrangement at a later date. If your debts are already placed in collection or legal action has started, you generally need more assistance than these arrangements can provide.When to Consider a Consumer Proposal If your credit history, the status of your debts or your personal circumstances make the prior options unworkable, a Consumer Proposal allows you the opportunity to legally stop your creditors and repay only a portion of the debt you owe – in manageable payments up to 5 years with no interest. The effect on your credit rating is less severe than a bankruptcy or if your debt is with a collection agency. Also, 100% of your unsecured creditors don’t have to agree to your Consumer Proposal as they would a debt management plan – if the majority approve of it, all must accept it. Your first decision is to take action to address your debt. For a free consultation on the options available to you, pleasecontact me directly or consult ourDebt Help FAQ.
2025-08-14
Vacation costs can add up quickly without proper planning. This guide can help you budget so that you can make the most of your trip without overspending.
2025-08-05
Bankruptcy Consumer Proposal
Losing your job can be frustrating and, even more so, managing your financial wellbeing while you’re unemployed. However, you can successfully navigate the situation with the right budgeting tips.
2025-08-04
Since it’s impossible to predict or prevent most medical conditions or emergencies, the best way to handle them is by planning and preparing for them.