Help with COVID-19 Debt Issues COVID-19 has created an unprecedented debt crisis in many Canadian homes. Many people have lost their jobs or their businesses. Among those who are still employed, many have had their hours reduced or their costs increase or both....
How Do You Know if You Have Too Much Debt? Most people have some debt. Whether you’re borrowing to buy a house or a car, using a line of credit to afford renovations, or using a credit card for a big purchase, debt is necessary for most of us. When debt levels are...
How to Handle Financial Problems without Increasing Debt When you’re dealing with financial troubles, one pitfall that you’ll want to try to avoid is going into debt. For example, if you lose your job, end up with reduced hours, or find yourself suddenly hit with a...
Talking to Loved Ones About Debt Debt can be overwhelming. It can make you feel anxious and hopeless and afraid. It can also be something that many people want to hide. In our society, people do not talk about money and financial matters very often, and they discuss...
Getting Your Debt Under Control Unfortunately, debt can be very easy to get into but incredibly difficult to get out of. If you owe a lot of debt, you likely have to pay a lot of interest. Every month you carry outstanding debt, you pay more interest and that makes...
