Debt Management

Read our articles and real-life stories about the consequences of debt accumulation as well as potential ways to get through it.

How to overcome gambling-related debt problems?

It is well known that a gambling problem can lead to serious emotional, family, and, above all, lead to financial pitfalls. Waking up after a night of heavy drinking...

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What to do if a person in a consumer proposal or bankruptcy passes away?

We tell you what to do following the death of a loved one in bankruptcy or in consumer proposal.

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A look at the financial health of Quebecers

Statistics on the level of financial concern and the state of mind of Quebecers and Canadians.

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What are the solutions to get out of debt?

Nowadays, having debts is normal. However, when they take up too much space in our budget and become a source of worry and stress, it’s time to take control...

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Is paying off debt with your RRSP a good idea?

Registered Retirement Savings Plans (RRSPs) are designed to reduce taxable income during working years while saving for retirement. The tax is deferred to the time you withdraw them, normally...

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Quebec trend on debt ratio

Here are a few interesting numbers revealed by the “Institut de la statistique du Québec” (Statistics Quebec) in a study published on February 6, 2015.   1999 2012 AUGMENTATION  Debt ratio 35% 160% +4,5 fois Total amount in mortgages...

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Real-life case – His fishing boat sinks his finances

As the warmer days approach, the temptation to acquire a recreational vehicle, an ATV, or a boat can be great. But before giving in to temptation, the story of...

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Your resolution for 2024: Improve your finances!

It’s no secret that financial difficulties are a source of enormous stress for families who experience them. Numerous surveys each year report this. What we learn is that one...

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Reimbursing your debts

You have decided to undertake your debts and regain control of your finances. But are asking yourself where to start… The general rule is to always start by reimbursing debts...

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Real-life case – When our children have financial problems

Shortly before the holidays, Jean-Pierre lent $2,000 to his 26-year-old son, William, for the second time in 6 months. A few weeks ago, the young man asked him for...

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What is a debt ratio?

It is a tool used by banks to determine if you are able to repay a loan that you would like to obtain. To calculate it, they add housing costs...

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Why are we in debt?

An interesting study has just been published by Dr. Janis Sarra, of the Faculty of Law at the University of British Columbia, which focuses on 4,000 cases of bankruptcy...

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Real-life case – The 4 Seasons of Debt

In just 3 years, Myriam accumulated over $25,000 on her 5 credit cards. How could she get into debt so quickly without any major expenses? Often, we find ourselves trapped...

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Real-life case – Indebted, a Young Couple Will Wait Before Starting their Family

During his studies, 29-year-old Benoît accumulated debts of over $30,000. Today, with his partner Christine, he would like to start a family and buy a house. But is it...

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Financial difficulties? Pay attention to the warning signs!

There is no clearer sign that you are having financial difficulties than a call from a collection agency! But you should pay attention to the more subtle hints that...

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Are you in control of your finances?

The question may seem trivial, but we should never trust our impressions. Some may think that because they had no late payments, everything is fine. And when the bank...

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Do you have control over your debts? Discover the answer in less than 10 minutes.

We are sorry, this article is not available in English. Pour savoir si vous avez les deux mains sur le volant, vous pouvez mesurer la santé de vos finances à testezvosfinances.com. Cet...

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Real-life case – Student Debt

Student debt is treated differently from other debts in a consumer proposal or bankruptcy.

   

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