March 28, 2012

“The news is out, and it’s all over town," as Hank Williams once wrote. Interest rate hikes have already been seen from the banks on mortgages, unprovoked by a Bank of Canada rate increase because there wasn’t one. The Royal Bank and the TD Bank raised mortgage rates in February to 3.39% on their four year fixed rate. This reenergized speculation that a Bank of Canada interest rate hike looms on the horizon. This first step with higher interest rates also renewed competition over 4 and 5 year locked-in mortgages.

March 23, 2012

These guys (and gals) really make the hairs on my neck spike!

I have heard it all - every ugly story where the creditors of this world try to intimidate, control, frighten and even threaten people into making debt payments. You have rights!

March 15, 2012

“Blow, blow, thou winter wind
Thou art not so unkind
As man's ingratitude”

William Shakespeare

We hear all kinds of stuff about money, credit and debt these days. The message consistently points the finger at consumers for either not using enough credit or using too much. The economists complain that when consumer spending is down it hurts the economy. At the same time they complain about the frightening levels of household debt.

March 7, 2012

No Way! Show me my signature.

What if someone dies, can they leave their debts to you? The short answer is no.

Debts do not transfer by virtue of marriage or death – not without your signature.

March 6, 2012

On CBC today an exchange between Kevin O’Leary and Amanda Lang about Europe’s recent efforts to improve the presence of women in corporate boardrooms reminded me that women still have a long way to go.

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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