In Canada and Alberta also, there are two options regarding debt forgiveness, one is customer proposals and the other one is bankruptcy. Financial debt help is a thing that makes the consumer’s life easier.
Bad credit score can be defined by various standards as it depends on the lenders and their actions. People often have a hard time paying back the lenders monthly especially if they have borrowed a huge amount of money for their properties like cars, houses, etc.
The financial market is becoming increasingly complex and unstable. There are more than one or two situations that can arrive suddenly and make money gone forever. Thus, making important financial decisions now needs some experience, expertise, and an eye for the details. Hence, several people and businesses are now depending on their hiring, third-party financial […]
Debt management services or debt management tactics are the set of advice, accounting, management, solutions, etc., provided by an organization to their customers regarding the debt on them and the ways to pay off the debt against a definite charge. Debt is some amount of money that some individual/organization owes to some other individual/organization. Debts […]
Credit consolidation might help one get rid of a debt trap and pay off all previous debts in one go. Several reports and statistics claim nearly 30.2% of Canadians went debt free with the help of debt consolidation services.
Canada’s financial management and ability to repay personal loans reached a new low, that is 182.02% in the current year. The reason is simple; most Canadians residing in Alberta, Edmonton, Lloydminster, and Calgary have several parallel personal debts.
According to recent statistics, more than 1.5 million people all around the world are said to file for bankruptcy every year. As per a survey conducted in 2019, it has been found that 1.8 out of every 1000 Canadians filed for bankruptcy. Although the number of annual bankruptcy filings all over the world has reduced […]
What is a bad credit score in Canada? Credit score depicts a person’s creditworthiness and it usually ranges from 300 to 900. Based on what range your credit score is, it can be said to be good or bad. A credit score that falls between the range of 300 to 575 is considered bad credit.
A consumer proposal will impact your credit rating, and yes, you will still be able to acquire a credit card after you file. A consumer proposal will usually affect your credit report; however, these effects are temporary and vary depending on the repayment terms of your proposal. The longest time a consumer proposal can remain […]
When you find yourself struggling to pay back a loan, the most important and first step to take is to know more about your debt relief options. A consumer proposal or debt consolidation might be a better option for you, your family, and your creditors. It can be an effective debt consolidation method in cities […]