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Canadians are Further in Debt, But What Will They do to Support it?

In February, more people in Canada may be seeking debt support services in order to offset rising costs. A recent poll collected by Ipsos Reid on behalf of BDO Canada found that 49 per cent per cent of Canadians will seek financial help this year, either in the form of a financial advisor, online budget advice, a debt calculator, web seminar or other methods. Yet, the poll shows that half of Canadians remain optimistic about increasing their net worth and paying down their debt over 2016, despite the lower dollar and rising cost of utilities and food. These figures may […]

Financial Health Check: Facing Debt Reality (Infographic)

3 Options That Will Help You Deal with Credit Card Debt

Understanding how credit card usage and credit card debt impact your finances is important when making a plan to start paying down debts. If you are carrying a month-to-month balance on one or more cards, putting a strategy in place to deal with your credit card debt can help you get the new year started off on the right foot. If you’re in debt, you are not alone with as credit card debt in Canada is at a two-year high. Here are three options to consider when tackling credit card debt this January: 1.  Opt for a DIY solution to […]

Canadian Debt Loads On The Rise (Infographic)

Debt Advice for A Debt Free December

If your New Year’s Resolution is to rid yourself of all debt, you may be setting yourself up for disappointment. That’s because it’s hard to achieve such a broad, sweeping goal. In fact, studies show that only 20 per cent of Canadians are successful in keeping their resolutions for an entire year. That doesn’t mean you shouldn’t focus on your debt in the New Year, however. Instead of making broad resolutions, consider focusing on attainable and realistic changes. More importantly, consider getting a jump start on making those changes in December. For example, instead of pledging to rid yourself of […]