Debt

lady holding a credit card

How to Reduce Credit Card debt in Canada

Credit cards are omnipresent in today’s society and are integral to every financial transaction from Uber Eats to travel bookings. When used responsibly, credit cards are excellent financial tools that enable the cardholder to obtain travel points, receive cashback offers or earn rewards. The dream of building credit for future purchases can quickly spiral into …

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lady using a calculator and laptop

What is Overdraft Protection in Canada?

An overdraft happens when you don’t have sufficient funds in your bank account to cover a transaction. It is a protective service that enables a customer to pay off a transaction once the bank account is in overdraft. Some of the transactions covered by overdraft protection include: Overdraft protection aims to prevent declined transactions, non-sufficient …

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Debt

Debt Forgiveness and Your Credit Score: What Canadians Need to Know

When you have a financially challenging situation, and the debts seem to be piling up, you might discover that your credit score is negatively affected. The sooner you’re out of the debts, the better. These debts usually come with high-interest charges and late payment fees. So, it would be best if you had a debt …

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two women talking

Navigating Debt: How Debt Counseling Can Help Canadians

Debt counseling, also known as credit counseling or debt management, is a legal process designed to help persons in debt through a unique processes of orientation and counseling. It is carried out by an accredited debt counseling agency or counselor. The credit counselor serves as the intermediary between the debtor and the creditors in the …

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Early Retirement

Strategies for Achieving Early Retirement in Canada

Financial freedom and the ability to call it quits at your job while young may seem unachievable for many Canadians today. But with a committed effort and the right financial strategy, even the unachievable can be doable in these challenging times. ‘How to retire early in Canada’ is one question burning on the lips of …

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