Who is Responsible for Settling Outstanding Debts After You Pass On? When you die, what happens to your debts? Are they automatically forgiven? As Canadians now hold record amounts of debt, the question of what happens to it when they pass on has become increasingly common. More and more Canadians are concerned about saddling their […]Read More
How to Secure and Rebuild Your Credit Score – And What To Watch Out For One of the most common obstacles in an otherwise stable life is a low credit score. The domino effect of bad credit extends to car ownership, home ownership, business loans, and virtually any equitable purchase. Many people are unaware of […]Read More
Steps You Can Take to Reduce Your Debt Load before Contacting a Personal Bankruptcy Trustee Filing for bankruptcy should be a last-resort debt management option. After all, it’s a significant step with serious commitment, not a quick fix for your financial woes. If you’re feeling overwhelmed by your debt, there are things you can do […]Read More
A few things to keep in mind before committing to working with a non-licensed credit counsellor or debt consultant.
a) Unlike Licensed Insolvency Trustees (LIT), credit counsellors and debt consultants are unregulated. Anyone can call themselves a credit counsellor or a debt consultant. They are not subject to formal training or professional development standards.Read More
I am in a Debt Crisis. I am overwhelmed. Where do I Begin to Look for Solutions? Who can I Trust? A Licensed Insolvency Trustee (LIT), a uniquely trained, federally licensed and regulated professional can help. Read More
Have you created your monthly budget? Are you still short just before pay day?Read More