Seniors Debt, How things shape up for Canada Seniors debt in Canada is on the rise.  In a recent report from Industry Canada and the Superintendent of Bankruptcy, senior’s bankruptcy rates have quadrupled from 4.6 percent to 20.6 percent. What are the issues that are causing this dramatic rise in our baby boomer generation that was…

Cut your Credit Card Debt with these Easy Tips Credit Card debt has just risen to the highest level in 3 years in British Columbia.  Debt Denial is affecting 50% of the Canadians. These consumers are carrying high levels of credit card debt and paying minimum payments every month and think it is okay! If you…

Licensed Trustee in Bankruptcy The Superintendent of Bankruptcy, a federal government department is considering changing the title of “Bankruptcy Trustee” to “Licensed Trustee in Insolvency & Restructuring”.  If this change goes through what will it mean to Consumers? Bankruptcy trustees are the only professionals that are licensed by the federal government to provide businesses and…

1. Omitting Expenses – Not all expenses can be tracked monthly and yet they are important and must be included in the monthly allowance in order to not be caught short when the item rolls around.  Easy one, Christmas, budget every month to put away an amount that will prevent you from using credit to…

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