The wicked world of pay day loan

The term “vicious cycle” could have been coined to describe payday loans. A payday loan is designed to bridge a short-term cash shortage with an unsecured, high-interest, low-amount loan. If payday is still a week away, and you’re already strapped, you go into a payday loan establishment — often a storefront in a strip mall […]

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Consumer proposals help avoid bankruptcy-Toronto

he word bankruptcy does not have good connotations and many people dread even the consideration of it. While it doesn’t have to mean financial ruin, there are other options that can help eliminate your debt and let you get back to living your life, without worrying about insolvency. If you’re looking at the possibility of […]

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Start learning to save on education early

You know all those times you fumed at the nickel-and-diming that takes place this time of year as your children head off to elementary or high school? Well, it’s nothing compared to the hundreds and sometimes thousands college kids have to spend before their school year is even past its first month. And though you […]

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How to avoid bankruptcy … again

You’ve filed for bankruptcy and are on your way to having your debts eliminated. Now what? If you’re one of the 70,000 Canadians who file for bankruptcy every year, you go to work every day, submit your income statements to your trustee every month, and meet your payment obligations in order to be discharged from […]

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Fraud and Bankruptcy

Most of the 70,000 Canadians who file for bankruptcy each year do so honestly and carry through with their obligations during the bankruptcy in order to be discharged from it with a clean financial bill of health. However, there are those who file for bankruptcy under fraudulent reasons, and those who commit fraud after the […]

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Seniors and debt – Carrying debt too far

Much is written about the increased levels of debt being carried by Canadians these days, but very little is addressed about that level of indebtedness being carried over into our retirement years. And that’s troublesome because if you are struggling with debt in your working years, how will you be faring when your income may […]

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