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Relief from Debt Blog
Understanding your options is a powerful way to reduce your stress. Read these posts, and then call us at 403-777-9999 to discuss your options. We’re here to help.
Rising Interest Rates and Mortgage Renewal
- Marie
- August 30, 2018
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
Category : Relief From Debt Blog
Break The Credit Card Debt Cycle
- Marie
- April 28, 2017
In the last 3 months of 2016, Canadian households increased their debt by $30 billion to $2,028 billion with revolving credit card debt totaling $596 billion of that amount. The average credit card debt carried by each Canadian was reported to be $3,954. Despite there being fewer active credit cards, Canadians Read more
Category : Relief From Debt Blog
Consumer Insolvencies jump 43% in Alberta April through June 2016
- Marie
- September 1, 2016
Consumer insolvencies rose in Alberta in the second quarter of this year by 43 per cent compared to last year, according to statistics released by the Superintendent of Bankruptcy. In Calgary, consumer insolvencies rose by 41.7 per cent over the past year. Although Consumer bankruptcies increased by 32.4 per cent in Read more
Category : Options, Relief From Debt Blog
Solve Your Debt Problems With A Consumer Proposal
- Marie
- November 23, 2015
Albertans are experiencing tough economic times and in some instances are turning to Payday Loan Providers to deal with their financial challenges often at unaffordable interest rates. Global News recently published the article, "No ban of payday loans: Alberta minister" looking into why the province is considering changing the laws regarding these high Read more
Category : Options, Relief From Debt Blog