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.

September 16, 2014

A new survey of thousands of working Canadians by the Canadian Payroll Association (CPA) has found that a vast amount of people are living paycheque to paycheque. This means that it is becoming normal for Canadians to live with no safety net or emergency fund. Are you surprised? I’m not.

September 9, 2014

By Margaret H. Johnson

Have you seen this up and coming credit/banking industry product - Visa debit combo cards? Maybe you already have one in your wallet, but did you read the fine print? Let’s take a close look at the legal agreement and evaluate the pros and cons of the Visa Debit card.

Visa Debit card review - the pros, cons, and what you need to know

September 2, 2014

By Margaret H. Johnson

What happened to the ‘back to school’ part of back to school expenses? In my entire working career, I’ve never seen this one before.

Usually, in August, we would be busy cautioning parents to be careful with their expenditures. We would strongly recommend people stick to their family budget, or if you haven’t got one, then sit down now and try to do one. If you need any help, don’t hesitate to contact me or check our websites at: or

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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