Canadians underestimate debt-to-income balance. February 23, 2015, Calgary, AB — Almost of fifth of Ontario residents owe more than they own or earn, making them technically insolvent and at risk of bankruptcy, according to a new survey by Ipsos Reid.

Today the Ontario government announced plans to impose regulations on debt settlement companies who advertise the ability to reduce the debts of consumers by up to 70% of more.

Debt settlement companies have been growing quickly in Canada. They advertise credit counselling, debt settlement, debt relief, debt consolidation and debt management.

Creating a detailed budget is the first step to getting your finances in order. But don’t’ forget these 10 overlooked expenses.

This is the second entry in a two-part blog series on family debt categories. Part 1 discussed becoming a loan guarantor in general, as well as becoming a guarantor for a spouse’s business loans. Here are three other primary categories of family debt

One of the most heartbreaking aspects of debt we see is the breakup of family relationships when a guarantor is called upon to pay a family debt. T

If you have severe debt problems, filing for bankruptcy may be an option. However, it is a decision that should not be taken lightly. Consider some of the following pros and cons of filing for bankruptcy:

People with poor or bad credit can have a hard time obtaining credit at a competitive or low rate. Lenders do not want to take the risk of offering loans they might not get paid for.

The holidays are fast approaching. You are being bombarded by ads left and right. You need gifts for your significant other, kids, and family members.

When your financial situation gets too complicated for you to resolve on your own, you may be considering various debt relief solutions.