How do you pay off your debt fast?

“How do I pay off debt fast?” This is one of the most common questions we get from clients. The answer? You probably can’t. Debt takes a while to get rid of, and that is OK. Through responsible management and a conscious effort it can be eliminated but it can take months if not years to do so.

Will debt consolidation affect my credit score?

This is a very good question and one that we hear all the time. Debt Consolidation may increase your credit score, or it may lower it, depending on the status of your current financial situation and what option you use going forward.

Should I Re-Borrow On My Payday Loan?

You should avoid borrowing and re-borrowing with payday loans. Consider the following ways of borrowing money that are less expensive than a payday loan: cash advances on credit card, a line of credit or personal loan with your financial institution, going to your employer for a cash advance or to cash in vacation days. Is It Better To Get A …

How Much Debt Is Too Much?

Most Canadians are unaware of what constitutes too much debt, and to be fair there is not one simple answer. Most people will say that your level of debt should be equal to the risk that you are willing to carry. The more debt the higher the level of risk.

Top Ways for Canadians to get out of Debt

Are you feeling overwhelmed by your debt? Not to worry there are things you can do to curb the tide. There is no one size fits all solution for getting out of debt but there are things you can do to try and reduce your overall debt level.

What happens to my Credit Rating?

Without getting too technical, your credit rating is a record of your bill paying history. If you have been late or missed monthly payments on your credit cards or unsecured loans, it has been reflected on your credit report.