April 19, 2012

I had the most interesting conversation today while at the swimming pool waiting for my daughter. I spoke to the young cashier about the global debt crisis and all of a sudden I had a group of people all listening and speaking about how bad debt was. They seemed to be impressed that someone much older than them sympathized with young people starting out with debt written all over their faces.

April 10, 2012

One definition of cognitive bias describes a pattern of inaccurate judgments, illogical interpretations, premeditated distortions and poor judgments often triggered by a particular situation. This is a very appropriate depiction of what led to the U. S. credit crunch of 2007-08. The overarching faith in never ending high returns on investments was a bias shared by governments and major investment banks in the United States.

April 5, 2012

Last week a friend of mine noticed that there were a number of unusual charges on her credit card statement. They were all gas stations - a charge in Kelowna, a charge in Victoria, charges throughout the city and Lower Mainland where she never goes. And she never lost possession of her gold visa card. How did this happen?

April 4, 2012

One thing most of us learned about budgeting is that a budget is all about priorities. We have to identify those things that are most important to us and then use whatever money we have to make it all happen.

This is best way to look at the federal government’s March 29th 2012 budget. Who is important out there in civil society?

March 29, 2012

The ‘Alternative Credit Sector’ grew out of the forest of modern personal finance like a fungus that sucks out the remaining life from weaker and dying species. The early agents of the modern credit society were labelled by many as poverty lenders who specialized in poor people who could not qualify for credit from mainstream banking or financial institutions. Harsh and often unconscionable terms for repayment accompanied these loans with the most notable condition being usurious interest rates - so high and excessive that the loan recipients were assured to remain poor while having their suffering intensified and extended well into the future.

Remember, if you are experiencing financial difficulties do not wait. Call Solutions Credit Counselling at 1(877)588-9491 or fill out our Debt Consolidation Questionnaire and get your Free Credit Counselling Advice today.

For more information visit Debt Canada - your Canadian credit education centre.

If you are a woman in debt, speak with Women and Money first. We specialize in helping women with their personal and business financeMoney management advice you can count on!

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