DebtCare Canada

How to improve your credit score to qualify for low interest credit

If you want to improve your credit score, the first thing you need to know is what it is. Once you know your number you will have an idea of how far you have to go to achieve a great credit score. The better your credit is the lower interest credit you wi... Read >

Debt Counsellors vs. Credit Counsellors vs. Financial Advisors

When you hear “debt counsellor”, “credit counsellor”, or “financial advisor”, they may all sound like the same type of professional. They are not. All three provide very different services from one and other and it's important that you know the differenc... Read >

Using Equity in Your Home to Consolidate Debt

If you owe debt on loans and credit cards and are at the point where you are only making your minimum monthly payments, it may be time for some intervention. Making minimum payments on credit cards often means that you are only paying interest. If maki... Read >

Avoid Bankruptcy through Personal Debt Management

Personal debt management is easier said than done. No person chooses not to pay his or her bills. If you don’t have the money, you don’t have the money. Debt can become unmanageable for so many reasons. Regardless of the reason, whether you have lost ... Read >

Personal Money Management and Money Management Skills through Personal Budgeting

Everyone is different, but one thing that we all have in common is that we all spend money. Some are more aware of their spending than others. Those who are highly aware of their spending habits are so for one of three reasons: they follow a budget, they ... Read >

Canadian Debt Consolidation Pros and Cons

Canadian Debt Consolidation options are vast, especially in urban centres like Toronto. It seems that everywhere we turn there is an advertisement about debt consolidation. What exactly is debt consolidation? This is an important question because whil... Read >

Getting Rid of Debt without Declaring Bankruptcy and without Losing Your House and Car

The good news is that in Canada the economy seems to be looking up. People are going back to work and bankruptcy rates are down; however some families are left picking up the pieces. The pieces left to be picked up include accumulated debt, a record of la... Read >

Collection Agency Harassment is Common and You Can Stop It

The number one tactic that collection agencies employ to entice you to negotiate with them is by simply harassing you, every which way. In extreme cases we have had clients tell us about collection agencies who have used the following aggressive collectio... Read >

Collection Agencies in Toronto Can be Stopped Using the Collection Agencies Act

Collection agencies represent companies who have a debt to collect. In most cases collection agencies represent creditors collecting on loans and other credit debt. That being said, many other companies will also employ the services of collection agencies... Read >

Seniors in Debt Turn to Bankruptcy and Consumer Proposals to Get Out of Debt

In 2010 over 90,000 Canadians made the difficult decision to file for bankruptcy while more than 40,000 Canadians decided to file a consumer proposal. Senior citizens made the majority of these filings. While it is true that the economy in Canada is i... Read >

Bankruptcy in Canada Declines While Consumer Proposal Filings Are on the Rise

The rate of bankruptcy claims in Canada has declined, but not because Canadian families are no longer struggling with debt. Instead it is directly connected to the range of options now available to Canadians, options other than bankruptcy.The recent reces... Read >

Avoid Bankruptcy through Consumer Proposals

Many Canadians have learned that they can avoid bankruptcy through consumer proposals. In the past it has been fairly easy to file a bankruptcy. A first time bankrupt used to be able to qualify for an automatic discharge from bankruptcy after nine months.... Read >

Debt Settlement Pros and Cons – There are so Many Ways to Deal with Debt

There are many pros and cons when it comes to debt settlement. Different types of debt settlement will have different effects on your credit and budget. Only a seasoned financial consultant is qualified to review all of the different types of debt settlem... Read >

Payday Loans Cash Advances Do NOT Build Your Credit

The majority of people who turn to expensive payday loans do so because they have credit problems and no one else will give them a chance. The problem is that payday loan cash advances do not build your credit. In fact they do not report to your credit re... Read >

Payday Loan Lenders Drive Those Who Have Financial Problems Deeper Into Financial Trouble

Payday loan lenders help people who have financial problems fall deeper into financial turbulence by offering these expensive short-term loans with virtually no credit approval process.Looking at the current economic collapse in the US, it is clear that o... Read >