Nearly half of Canadians are just $200 away from being unable to cover their monthly financial commitments. In today’s economic climate, even a minor unexpected expense could lead to debt — leaving you to consider your next steps. If you’re in debt but want to protect certain assets and are concerned about the long-term financial…
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When considering financial recovery options, many clients ask, “Debt consolidation vs bankruptcy which is better?” Each approach offers a pathway to financial relief, but they come with significant differences. Debt consolidation can lower your interest rate, making it easier to manage your total debt. On the other hand, bankruptcy might erase your debts, but it…
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As a credit cardholder, managing credit card debt is one of your most significant financial challenges. Your objectives should include maintaining low outstanding balances, avoiding high interest rates, and ensuring timely minimum payments. But what should you do if one credit card is maxed out and you’re struggling to make payments on it? Or if…
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For Canadian homeowners, renewing a mortgage is an important part of owning a home. While it offers the chance to negotiate better terms, the process isn’t always easy. About 3% of mortgage renewals are refused. In this blog, we’ll discuss the details of mortgage renewal, common problems that can occur, and what steps to take…
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