COVID Debt Relief for Canadians
FINANCIAL RECOVERY FROM COVID-19. ELIMINATE YOUR DEBT! Is your financial life impacted by COVID-19? Do you want to turn your financial life around? If you answered yes to these questions…
Consumer Proposals
Are you in debt and weighing your alternatives to bankruptcy? You're not alone. Consumer proposals are a rising trend in Canada, with good reason. Not only do they provide debt…
The Good, the Bad and the Debt-Ugly
In a recent blog by a colleague of mine, the first thing that jumped off the page and metaphorically smacked me in the face was the phrase, ‘us good guys.’…
Consumer Proposals
Are you in debt and weighing your alternatives to bankruptcy? You're not alone. Consumer proposals are a rising trend in Canada, with good reason. Not only do they provide debt…
Three Types of Debt Consolidation
How does debt consolidation work? In essence, it is combining multiple debts into one payment for the benefit of simplicity, lower interest fees and lower monthly payments. People often talk…
Are You A Debt Burnout?
Throughout my career, I have seen a lot of clients go through a range of emotions relating to experiencing debt relief. Obviously, at first, clients are ‘gung ho’ to get their debt paid off – excited, anxious, motivated. They have many questions relating to the process of debt repayment and how being on a debt management program will impact their lives. Usually clients expect big changes to happen quickly and the turnaround to be immediate.
As the debt repayment program continues on (with a maximum length of 60 months, or 5 years, unless there are student loans involved), clients usually settle into a steady momentum of payments every month. They get used to the money being allocated to their debt and reconfigure their budgets accordingly. Months, then years, go by.
What happens in the interim? Sometimes, unfortunately, people experience debt fatigue during the debt repayment process. What is debt fatigue and how can you manage it?
