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Understanding Debt Servicing Costs
July 3rd, 2018
After many years of tackling high-deficit spending, federal and provincial governments are dealing with hundreds of billions of accumulated government debt. Since the 2008 recession, the national debt has increased $150 billion and the...Written by: Joshua Harris
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Doing away with the good debt mindset
June 26th, 2018
Mortgages, investment loans, and student loans are viewed by many as “good debt.” These debts have historically had positive returns associated with them, as they build your wealth, which then helps to improve your...Written by: Joshua Harris
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Tips on How to Manage Your Student Debt and Loans
June 5th, 2018
While post-secondary students often aren’t certain about the career path they want to take, many know they want to attend a particular college or university and that a Canada Student Loan can help fund...Written by: Joshua Harris
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Is Downsizing Right for You?
May 29th, 2018
It is common to consider downsizing as a plan that suits your long-term needs. If you are approaching retirement or already in retirement, the question of downsizing may be something you have considered. If...Written by: Joshua Harris
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I’ve gone bankrupt, can I get OSAP? Student loans and bankruptcy Q&A.
May 22nd, 2018
From our experience with the OSAP office, Yes! Sometimes the underwriter at OSAP will request a letter from the Licensed Insolvency Trustee stating that any funds given to you will not go directly to...Written by: Joshua Harris
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What is a Consumer Proposal?
May 17th, 2018
No one wants to declare bankruptcy. Bankruptcy means a huge hit to your credit score, and you risk losing vital assets such as your house. Before you begin the process of filing for bankruptcy,...Written by: Joshua Harris
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NFL CELEBRITIES: BANKRUPTCY CAN HAPPEN TO ANYONE
May 3rd, 2018
Success in the National Football League is no protection from the risk of bankruptcy. A new working paper released by the U.S. National Bureau of Economic Research found that nearly 16 percent of NFL...Written by: Joshua Harris
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WHAT’S BEST? BANKRUPTCY OR DEBT CONSOLIDATION IN THE GREATER TORONTO AREA
April 9th, 2018
After you’ve reworked your budget, cut back on unnecessary expenses, and done everything else you can to bring your personal finances under control, sometimes your only option is to take more extreme measures. Getting...Written by: Joshua Harris
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Avoid personal bankruptcy: Weigh your options of paying with credit, debit, or cash
April 2nd, 2018
There are a few different options for paying for goods and services in Canada. Many of us wonder whether it is best to pay with credit, debit, or cash. The payment option you choose...Written by: Joshua Harris
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VACATIONING ON A BUDGET (SUMMER IS JUST AROUND THE CORNER!)
April 1st, 2018
For people with budget constraints, a full-blown vacation is probably out of reach. Luckily, Toronto residents have the option to take shorter vacations on weekends and day trips. Use these vacation ideas below to...Written by: Joshua Harris
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When Can the Collection Agencies Call You?
March 26th, 2018
Have you received a call from a collection agency at an odd time of day? Are they constantly leaving you recorded messages? Are they calling you at work or calling your employer or your...Written by: Joshua Harris
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Are You Considering a Pay Day Loan?
March 22nd, 2018
Did you know that payday loan interest rates can be 400% per year or more? Unfortunately, a lot of clients that we have met with have got themselves in pretty deep with the dreaded...Written by: Joshua Harris
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Credit Card Lures and Drawbacks
March 16th, 2018
Credit cards are a very popular and useful payment method in Canada but they can also lead you down the path of debt. Credit cards have been heavily advertised and marketed in Canada since...Written by: Joshua Harris
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START REBUILDING YOUR CREDIT NOW: TIPS AND TRICKS
March 6th, 2018
While bankruptcy and consumer proposals can release you from the pressure and worry of creditors and debt, your journey is not over. Now that your papers are filed, you need to start rebuilding your...Written by: Joshua Harris
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Can I own a vehicle in trust, while bankrupt?
February 28th, 2018
This is an interesting question that I was asked by a debtor recently. She has a disabled daughter that requires a vehicle to provide special mobility services. When buying the car, she used her...Written by: Joshua Harris
