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 …
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 »
If you have ever been in debt and looking for solutions to get your creditors off your back, you will appreciate how Consumer Proposal can come to your aid. Consumer Proposal in Canada comes under the Bankruptcy and Insolvency Act. It is a legally binding debt repayment arrangement made with your creditors through a Licensed …
One of the processes of settling or coming out of debt situations in Canada is declaring bankruptcy. Filing bankruptcy involves a legal process in which an individual or entity who is unable to pay outstanding debts to creditors, seeks relief from the debt, subject to some conditions. As part of debt settlement procedures in Canada, …
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