Who enjoys thinking that you have a debt to pay?  I would rather enjoy my salary in full than allocate some of it to pay off debts.  But this can’t be so because everybody, sooner or later, will owe someone something and, yes, you have to pay for it.  Debts usually fall into the category […]

1. Track purchases: Business or corporate credit cards provide a great system for tracking employee expenses and taking advantage of tax savings for eligible business purchases.
2. Stop prescreened offers: You can opt out of prescreened offers for 5 years (or even permanently). Just call 1-888-5-OPTOUT; within 60 days, mailings should stop.
3. Get your rewards: As […]

1. Know the law: The Insolvency Act (1986) introduced the IVA. Repay an  amount of your debt each month based on what you can actually afford.
2. Consider alternatives: A bankruptcy filing can stain your credit record for up to 10 years, so try to work out payment options with creditors instead.
3. Go online: The Internet […]

1. Four top tips: Four highly recommended methods for managing debt are to track your expenses, cut spending, pay cash and establish an emergency fund.
2. Make timely payments: If payments to your DMP and creditors aren’t made on time, you could lose progress you’ve made on paying down your debt.
3. Know the differences: Debt management […]

1. Face to face: Free debt consolidation counselors talk directly with you, helping find ways for you to pay off your debt while saving you money.
2. Pay later: Remember, while debt consolidation quotes may be free, the costs for these services often aren’t mentioned until the cash is practically in hand.
3. You have options: Three […]