warning signsWarning Signs

  • Your Credit cards and other lines are all maxed out.
  • You only pay the minimum balance due on credit cards.
  • Once you have paid off a credit card, you immediately start charging on it again.
  • You pay bills and rent with credit cards or loan money.
  • You take cash advances or use credit cards to pay bills or go out.
  • You don’t have any money left over after your bills are all paid for the month.
  • You don’t have any savings or emergency funds set up.
  • You can’t sleep and feel stressed about money.
  • You don’t know how much debt you have.
  • You bounce cheques.
  • You cannot seem to get out of your overdraft.
  • You have been denied credit.
  • Collectors are hounding you.
  • You are lying about money to friends and family.
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How Debt Affects Your Life

How is Debt Affecting Your Life? A recent National survey has found that 47% of Canadians believe debt has a negative impact on their lives including sleep problems, frustration, embarrassment, relationship difficulties and a feeling of not being able to move forward in life. Millennials and Debt In the survey it was noted that Read More

Rising Interest Rates and Mortgage Renewal

When the Bank of Canada raises interest rates, the big banks raise their prime lending rate, which results in higher mortgage payments when you renew your mortgage and higher unsecured debt servicing costs.   A recent survey has shown that many Canadians struggle with covering their current living expenses and debt Read More

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