Budget Despair – Options

Further to the last blog, if your debts prove unmanageable even with a comprehensive budget, you may need additional assistance. We can help. A Consumer Proposal may be the right tool to assist you in controlling and managing your burdensome debt. Many people confuse...

Debt

I recently had a meeting where the fellow I was helping stated that he had “about $700.00” in his bank account. I was really curious as I was staring at an ATM slip indicating his account was in overdraft for almost $50.00. On further questioning it turned...

Debt #2

It occurred to me that most people are not too familiar with the concept of debt. They know they have some debt, they know they have borrowed from somewhere and that the debt has to be repaid. When it comes to different types of debt, things become a bit cloudy....

Debt #3

Everyone has heard of “good” debt and “bad” debt. Despite what lenders try to sell you, there is no good debt. Good debt is usually viewed as a mortgage on a house, a car loan or lease – a debt created to obtain something you otherwise...

Debt #4

Necessary debt should be dictated by cash-flow. Define wants against needs and make sure the item in question is something you can afford on a monthly basis. If the purchase fits within your budget most lenders qualify this as a “good” debt. This type of...