As unemployment continues to roll through Saskatchewan and the value of Canadian oil continues to slump on the global market, households across the province are finding themselves on the bring of financial ruin.

There’s no denying the facts. Given the significant effect the downturn in the oil & gas industry has had across Alberta and Saskatchewan, many businesses are struggling to stay afloat.

As the energy sector continue to spur unemployment across the country, millions of Canadians find themselves turning to credit to keep up with the cost of living.

When the economy is going well and your business is humming, all seems good. But what happens, if there is a downturn? Is your business ready? Are you?

Do I Have Surplus Income in my Bankruptcy? Do I have extra payments to make?

A payday loan, also known as a payday advance or a cash advance, is a relatively small amount of money borrowed at a high rate of interest. Repayment is usually required within two weeks or on the next payday.

Anyone wishing to file for personal bankruptcy in Canada will have to go through six key steps prior to receiving their discharge from bankruptcy.

According to one industry estimate, approximately 7% to 10% of Canadians use payday loans on a fairly regular basis to get by. Payday loan companies often trap low-income earners and cash-strapped individuals. At first, payday loans might seem like a useful quick fix to cash-flow problem, however, that immediate need for cash is the first indicator of debt problem.

With the holidays just around the corner, many Canadians are starting their Christmas shopping, ready to shell out hundreds of dollars to surprise loved ones with the perfect gift.

As the holidays quickly approach, Canadians are reaching deep into their pockets to spend money on gifts for their loved ones. Unfortunately, with Canadians carrying unprecedented debt loads, many are seeking out alternative routes to funding their holiday spending. One option available that many people consider is the payday loan.