October 21, 2014

By Margaret H. Johnson

The great mortgage mystique is back in the headlines full of pros and cons, simple renewal forms and a set of dice to toss in the air – do you want to lock in or not?

One consistent theme has emerged: Do not blindly sign your mortgage renewal.

October 14, 2014

By Margaret H. Johnson

When you are borrowing money from a financial institution a common question is, “Would you like insurance protection?” For a monthly fee you can purchase ‘peace of mind’ – in the event of illness, job loss, or an accident, your loan/credit card payments may be paid on your behalf through the insurance company. Is it really that simple? 

The short answer is: it’s never really that simple.

October 7, 2014

By Margaret H. Johnson

With Thanksgiving right around the corner, many of us are looking forward to a nice turkey dinner with family or friends. We take time out from our busy lives and money worries to relax and enjoy a meal.

But if you are suffering from debt this Thanksgiving, use this time to do a helpful de-stressing exercise: be thankful for all that you have, and give what you can to those with less. Though you may feel there’s not much to be thankful for, and that you couldn’t possibly give anything to help someone else, I assure you there is.

Household debt levels have experts and the Bank of Canada worried once again as reported in the Vancouver Sun recently. Accordingly, it’s up to 163.6 percent of disposable income, mainly from mortgages, Statistics Canada has reported.

The debate returns from certain experts about what Canadians can and cannot afford.

Afford is one of those great mysteries in personal finance. How do you measure this? Is there one size that fits all i.e. is there a formula, an objective test that could be applied to everyone, as in all income groups?

September 23, 2014

If you find yourself overwhelmed with credit card debt, having trouble making payments or even avoiding collection calls from creditors, know this: you are not alone, and there is help available for you.

We have clients who come to us so deep in credit card debt that they are on the brink of bankruptcy, barely staying afloat from payment to payment. Others aren’t so desperate, but are still looking for a way to get a handle on their debt and become debt free. Credit Solutions is the credit card debt help you are looking for, because we work with you to design a debt repayment program that works for you.

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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