Recent surveys show that a growing number of Canadians are carrying holiday-related debt into the new year and are feeling more financial pressure as a result. In this article, we’ll explain what’s behind the Christmas hangover, why these types of debts have become so common, and provide practical steps to pay them off so you […]
Debt collection agencies are obliged to follow certain rules about how they make contact and what information they can request; However, many Canadians are unsure where the line is drawn between legal collection practices and harassment. Knowing these rules and what rights you have can turn a stressful situation into something you can handle with […]
Play around with our credit card interest calculator to calculate credit card interest and find out how long it will take to pay off the debt. This tool will help you develop a plan to tackle your balance and avoid paying interest in the future. How to use the credit card interest calculator Our credit […]
The number of calls to credit counseling agencies has increased by 40% Nationally, requests for help with debt management are increasing, but the provincial breakdown is even more telling: Ontario: 59.1% British Columbia: 58.1% Manitoba: 33.9% New Brunswick: 25.2% Alberta: 18.8% Residents of Toronto and Vancouver probably won’t be surprised: the cost of living in […]
In July 2025, The unemployment rate of Canada floated around 6.9%, with youth unemployment reached 14.6%. Two in five Canadians say they are worried that someone in their household can lose their job, the highest level of fear of fear ever, ever reported, According to MNP. At the same time, 42% of the Canadians say […]
Many Canadians have a debt of different amounts and for many different reasons. Common species Debts, credit card debt, credit lines and personal loans and mortgages can be car loans. According to Credit Bureau, the Canadian consumer debt reached $ 2.54 trillion in the third quarter (Q3) of 2024 in the third quarter (Q3) in […]
But it is not all bad news behind the terrible head – and there is an opportunity to help young people, in particular, to understand the difference between good debts and bad debts. So where is the good news? The total consumer debt in Canada was $ 2.55 trillion at the end of the first […]
According to Research by Ipsos CanadaCommissioned by BMO, 33% of the Canadians uses AI technologies to stay up to date with their editions and saving. But although these tools are great for growing wealth and following financial goals, something is missing – a safe, ethical and really supportive way to get help with debts. In […]