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 …
Many Canadians pay huge interest on credit card balances for big purchases made on their credit card and wonder why their debt keeps adding up instead of going down. If you plan to become debt-free, but still paying a lot of interest on your credit card, here is a way out for you; the Balance …
What is a Balance Transfer Credit Card in Canada? Read More »
Bankruptcy is not an attractive option for anyone and it’s not unfounded to wonder what might happen if you choose to declare bankruptcy in Canada. Although it hurts to go bankrupt, sometimes, declaring bankruptcy could be the light at the end of the tunnel on your journey towards debt relief and financial stability. In this …
A lot of us have been there before. Whether we were naive and missed a few payments, or simply struggling to pay all of our bills, many of us have heard from the dreaded debt collector. And if you’ve ever heard from a debt collector, you know they are relentless. It seems that the phone …
How Long Can Debt Collectors Try to Collect in Canada? Read More »
The best Balance Transfer Credit Cards in Canada offer amazing and fantastic benefits to cardholders, not only to help you save on interest charges but also to consolidate your debts and pay off large credit card balances. A massive pile of credit card expenses has plunged some Canadians into unimaginable and unintended debts. Perhaps you’ve …
There are a lot of tools out there to help you save money. They teach you about how to set up your savings accounts and where to set up your savings to get the best returns. You should study them as much as possible as they could mean the difference between healthy personal finance and …
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 …
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 …
Debt Forgiveness and Your Credit Score: What Canadians Need to Know Read More »
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 …
Navigating Debt: How Debt Counseling Can Help Canadians Read More »
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 …
Strategies for Achieving Early Retirement in Canada Read More »
Canada Buzz is a purely informational blog. Opinions expressed on this blog are NOT endorsed by the reviewed brands. The information provided on this website does not constitute financial or professional advice. However, our team strives to bring you quality, unbiased information. What’s in it for us? One of the ways we get rewarded is via ads and affiliates. This website contains ads and affiliate links and we may receive compensation when you click any of these links.
