Debt Relief Experts
What Is an Acceptable Debt-to-Income Ratio?
Do you ever wonder if the debt you have accrued is more than you can handle? Or what is considered a ‘normal' debt-to-income ratio of someone in your financial situation? Find out more in this post.
Consumer Proposal and Bankruptcy Blog | Debt Solution FAQs
Our knowledgeable team of Licensed Insolvency Trustees provide information and expert advice to help you on your way to becoming debt free. Our extensive debt help resource centre includes articles, videos, and podcasts on how to get out of debt including commonly asked questions about consumer proposals, bankruptcy, and debt consolidation options. Become informed about credit rebuilding and other money management tips as you search for a solution to your debt problems.
CRA Taxpayer Relief Program: Do You Qualify?
Has the CRA charged you with interest or penalties? Learn about financial situations that qualify for waived charges, how to file for the CRA Taxpayer Relief Program and what to do if you aren’t approved.
What Does a Certificate of Full Performance of Proposal Mean?
Wondering what happens after you’ve completed the mandatory requirements of a consumer proposal? We explain what a Certificate of Full Performance means for you and what happens with your debts.
Emergency Fund or Credit Card Debt? What’s the Better Choice?
Many Canadians rely on credit cards for emergency funds. Is this a good idea? Doug Hoyes explores whether credit cards are OK to use in an emergency and whether to pay off credit card debt or create a rainy day fund.
Barriers to Solving Debt Problems
Lacking the financial knowledge of how to successfully solve your debt issues? Explore the most common barriers Canadians face when paying down debt and discover steps on how to better manage your balances.
5 Borrower Profiles You Need To Know: From Subprime to Super-Prime
Does my credit profile expose me to risks when applying for loans? Use this guide to help you understand what your borrower risk profile is, and how to navigate your lending options.
What Happens When You Face a Tax Bill for CERB Payments?
The utilization of CERB payments for eligible Canadian’s counts as taxable income. We explain your options if you can't pay your CERB or CRB tax obligations.
Predatory Lending: How to Identify & Avoid Unfair Loan Practices
Predatory loans are the causative agent of 40% of filings for bankruptcy or consumer proposals in Canada. Read along for Doug Hoyes’ tips on how to spot this form of lending and how to protect yourself.
Does Owing Taxes Affect Your Credit Score in Canada?
Does the Canada Revenue Agency report unpaid taxes on your credit report? This guide covers how taxes and other factors affect your credit score and what you can do about it.
Should Married Couples Get a Joint Consolidation Loan?
Trying to figure out if a joint loan is your best option? Learn here, about the pros and cons of having a joint consolidation loan with your partner and debts that may be a bad idea to consolidate.
How to Remove a Real Estate Writ after a Bankruptcy or Consumer Proposal
Has there been a real estate writ issued against you? Find out what you need to know about writs, from how it affects your bankruptcy or consumer proposal and how to remove a writ after discharge.
Should I Borrow to Pay Taxes to CRA?
If you are unable to meet your tax payments, you may be considering borrowing to reduce long term interest and penalties. Learn if taking out a loan to pay taxes is a good choice for you.
Should You Consolidate or Pay Bills with a Car Title Loan?
Considering borrowing against your vehicle to help deal with some debts? Find out how car title loans work, the advantages and disadvantages, and other options you have to pay off debts.
Debt Management Plan or Debt Consolidation Loan. Which Makes More Sense?
Are you in a difficult financial situation and looking at options on how to deal with your debts? Here is your guide to two common approaches: debt management plans and consolidation loans.
Beware The Payday Loan Modification Trap
Payday lenders will try anything to collect. Loan modification agreements do not alter the ability of your bankruptcy or proposal to wipe out these debts. Learn about these traps from Ted Michalos.
25 Things You Must Know About a Consumer Proposal
Roughly two-thirds of Canadians choose a consumer proposal to eliminate debt. Here are our top 25 facts you need to know about consumer proposals to help you determine if it's a good option for you.
Should You Get a Debt Consolidation Cosigner?
Thinking about applying for a debt consolidation loan, but don’t have good credit? A cosigner can help you get approved but there are risks. Learn the pros and cons, and alternatives if you are not successful.
Is a Debt Jubilee The Solution to Our Collective Debt Problem?
Doug Hoyes weighs in on whether or not a debt jubilee is a solution to high household debt, student debt and how a modern debt jubilee might work for both private loans and government loans.
Voluntary Surrender. Should I Hand My Vehicle Back?
If you are filing for a consumer proposal or bankruptcy, should you keep your expensive vehicle loan? Find out if it’s in your best interest to voluntarily surrender your vehicle as part of your insolvency.
Dealing with Car Loan Debt and Vehicle Repossession
Your lender can repossess your car if you are not making your payments on time. Learn about what a vehicle repossession means for you and your debts, options to keep your car or handle the remaining debt.
You Can Now File a Consumer Proposal and Bankruptcy Online in Canada
Consumer proposals and bankruptcy can now be filed entirely online. Learn how trustees are using video calls and digital signing to help Canadians overwhelmed with debt.