Consider Consolidating Debt Before Canadian Interest Rates Go Through the Roof!

The interest rate may go up again – are you prepared? If not, it may be time to consider consolidating debt before this happens. It’s been all over the news that the Bank of Canada (BOC) recently announced a significant increase in Canada’s...

Posted | by |in Blog, Canadian Interest Rates, Consolidate Debt

The Taxman Taketh Away: How to Reduce Crippling CRA Penalties

CRA penalties and interest can be crippling and even double the size of a tax debt. We’ve all heard horror stories about the CRA and its efforts to enforce repayment. If you are facing Canada Revenue Agency (CRA) penalties, then you need to...

Posted | by |in Blog, CRA tax debt, Taxpayer Relief

The Difference Between Financial Consulting Companies and Debt Settlement Companies

The number of debt settlement companies in Canada seems to have risen dramatically over the past five to 10 years. With more and more Canadians finding themselves struggling with debt, it’s a sign of the times that companies offering debt...

Posted | by |in Blog, Debt Settlement, Debt Settlement Companies

How to Build Great Credit – A Plan for 2018

Happy New Year everyone! If you are like the thousands of other Canadians out there with a New Year’s resolution to become financially fit, this blog should help, especially if you need to work specifically on your credit. There are certain...

Posted | by |in Blog, How to Fix Bad Credit

Happy Holidays from DebtCare

The DebtCare team extends our warmest greetings of the season and best wishes for health and happiness in the New Year.  

Posted | by |in Blog, Happy Holidays

Consumer Corner: Everyone is Recommending a Consumer Proposal When I Want to Go Bankrupt

Most people understand the concept of bankruptcy – a situation where you surrender everything you own in exchange for debt elimination – but what about a consumer proposal? Perhaps you’ve heard the commercials or done your own research. If...

Posted | by |in A Consumer Proposal, Blog, Consumer Proposal vs. Bankruptcy

Canada’s Second Mortgage Rate Increase in a Row – What Does it Mean to You?

Back in September, for the second time this year, the Bank of Canada raised interest rates, leading to the inevitable mortgage rate increase at banks and lending institutions across the country. How does the latest BOC interest rate increase...

Posted | by |in Blog, Canadian Mortgage Interest Rates, Mortgage Rate Increase

Debt Relief for Seniors: A Health Consideration

Unfortunately, we’ve been receiving more and more calls from people recently inquiring about debt relief for seniors, as more and more people over the age of 65 head into retirement saddled with debt. With an ever-increasing elderly population...

Posted | by |in Blog, Debt Relief

Avoiding a Wage Garnishment or Other Enforcement Action: Protecting Your Information

If you find yourself drowning in debt, unable to meet your monthly financial obligations, you may soon find yourself facing a wage garnishment or other enforcement action if you don’t take the appropriate steps to deal with the problem. Being...

Posted | by |in Blog, Wage Garnishment

CRA Tax Debt? Is a Voluntary Disclosure Application the Answer?

Did you know about the Canada Revenue Agency (CRA) Taxpayer Relief Program for tax debt relief? If you have a CRA tax debt you’re likely pretty stressed about it, but don’t worry, you are not alone. Dealing with a tax debt takes work, but in...

Posted | by |in Blog, CRA tax debt, Taxpayer Relief

Happy Halloween! The Scariest Collection Action of All: Garnished Wages

In the spirit of Halloween, we decided to dedicate this blog to the most common – and some would even say terrifying – enforcement action a creditor can take against you: a wage garnishment. Yes, it sounds scary and it can be. Having your...

Posted | by |in Blog, Garnishment of Wages, Garnishment of Wages in Canada

Current Home Mortgage Rates – Serious Food for Thought

In comparison to current home mortgage rates, over the past seven years, Canadians enjoyed relatively low interest rates. While experts repeatedly warned that borrowing costs would eventually have to rise, it didn’t seem to stop people from...

Posted | by |in Blog, Current Home Mortgage Rates