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Cash Strapped Canadians May Be Treating Homes Like Atms To Pay Bills

Home equity lines of credit (HELOCs) have emerged as one of the biggest contributors to the growth of household debt in Canada, particularly in markets where real estate values have surged over the last decade. The latest data from the Office of Superintendent of Financial Institutions (OSFI) shows that the balance of loans secured by residential real estate has reached another record high of 269 billion in June.

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43% Of British Columbians Anticipate Feelings Of Anxiety Over Arrival Of Holiday-Spending Bills

As the shopping rush reaches peak intensity before the holidays, a local debt expert is warning British Columbians to avoid taking on more debt or payday loans, as they try to cope with the pressures of last minute gifts and Christmas grocery shopping.

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Are You Managing Or Damaging Your Finances

The money relationship is often a turbulent one. When things are going well, money represents opportunity, freedom and comfort. When they’re not, it’s a massive source of stress, worry and frustration.

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Albertans Pessimistic Concerned About Worsening Debt Situation

While a recent Ipsos poll conducted by MNP LTD. has found Canadians are increasingly optimistic about their debt situations – that sentiment seems to have bypassed Alberta.

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Are You Financially Prepared To Retire Debt Free?

Almost everyone looks forward to retiring some day.

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Atlantic Canadians Wary And Embarrassed About Seeking Debt Relief

Atlantic Canadians who find themselves in serious financial trouble could be digging themselves into a deeper hole by not seeking out help when they need it. A new survey conducted by Ipsos on behalf of MNP LTD, shows almost half of Atlantic Canadians (47%) say they would be embarrassed to get help if their financial situation was bad enough to consider Bankruptcy. More than a quarter (28%) of survey respondents say the stigma surrounding Bankruptcy...

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Bankruptcy Isn’t As Daunting As It Sounds

As a Licensed Insolvency Trustee, I meet a lot of people who are struggling with debt. And though their stories are all different, their experiences of searching for help often share a lot in common.

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Bankruptcy Isn’t Scary; Here’s Why

Thinking back to my childhood, I can still remember the terror I felt every time Halloween approached.

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B.C. Residents Increasingly Feeling The Impact Of Higher Interest Rates

According to a recent Ipsos poll conducted by MNP LTD., British Columbians’ pocketbooks are continuing to get lighter as a result of recent interest rate increases.

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Are Your Old Debts Back To Haunt You?

As humans, we’re pretty good at ignoring problems we can’t or don’t want to deal with, hoping they’ll eventually go away.

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