Escaping from Payday Loans: A Consumer Proposal Story June 2016 Bob Hauck, 4 Pillars Consulting Group, Kamloops, BC Jason was in trouble and he knew it! He didn’t have much debt – really only about $10,000.But it was the worst kind of debt…payday loans. Much like the 1980’s cult classic movie, “Escape from New York”, … Continue reading Escape from Payday Loans
This article is by Paul Murphy, our VP and financial literacy expert with 15+ years of investment and banking industry experience. If you’ve ever floated a balance on a credit card, you’ve likely asked yourself: how does credit card interest work in Canada?
Learn and build wealth Debt is often viewed as a financial burden, but it can also take a toll on your health. Stress from debt can lead to anxiety, depression, and even physical health problems such as sleep disorders and high blood pressure. Trying to do too much at once will only lead to frustration … Continue reading How to Get Out of Debt and Effective Tips for Getting Your Finances Under Control
It’s no secret that debt can be a huge burden. Debt can keep you from reaching your goals and achieving financial freedom. In this blog post, we will discuss some of the most common mistakes people make when trying to pay off their debt. We’ll also provide tips on how to avoid these mistakes and … Continue reading Common Mistakes People Make Paying Off Debt and How to Avoid Them
As I wrote previously, the Financial Consumer Agency of Canada (FCAC) was established in 2001 by Financial Consumer Agency of Canada Act to: “ensure that financial institutions, external complaints bodies and payment card network operators are supervised by an agency of the Government of Canada so as to contribute to the protection of consumers of … Continue reading The FCAC – a finger in the dam?
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