Consolidate and Reduce your Debt

Conflict of Interest with Some Debt Relief Companies

Posted by on Aug 24, 2017 in Debt, Debt Reduction | 0 comments

When seeking advice on how to deal with financial matters it is very important for consumers to consider an advisor who can be unbiased and impartial. If that is not possible then it is important to at least understand when a conflict of interest or bias lies, and how it may affect the advice given to you from and advisor. As long as a consumer understands this they can ask better questions and make more informed decision when taking advice...

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Banks Profit Off of your Debt!

Posted by on Mar 8, 2017 in Debt | 0 comments

Here is a new article by CBC considering some of the aggressive sales tactics of big Banks in Canada, and how they may be giving skewed advice that benefits themselves but hurts their clients! I like the fact that some of the branch managers are finally starting to speak up about what banks want out of their customers and how they make money. Most of us in the financial industry have always known that banks make a large part of their profits by...

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Dealing With “ The Christmas Debt” Problem

Posted by on Jan 3, 2017 in Debt, Debt Reduction | 1 comment

For many years we have been helping people deal with their debt and we have noticed repeating patterns of financial problems that people encounter. One consistent problem is the accumulation of a lot of extra consumer debt around holidays and especially Christmas. Year after year in late January we are flooded with calls for help with Christmas debt caused by overspending. Based on what we have learned, we want to share with you a few tips and...

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Student Loan Debt Help

Posted by on Mar 31, 2016 in Debt | 0 comments

There are many challenges facing recent college and university graduates. On top of the competitive job market, lower paying jobs, and the increased expenses of starting a family and a new chapter in ones life, comes one big obstacle – student loan debt.  For recent grads searching for some debt relief or looking for a plan to manage this heavy burden there are some solutions to the many challenges. If you are one of these people we have...

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The cost of Doing Nothing about your Debt

Posted by on Jan 10, 2016 in Debt | 0 comments

Doing noting about your debt is burning up your retirement savings $ – literally Here is a very SCARY FACT:  If you are only making the minimum payments on your credit cards and lines of credit right now, it could take you more than a lifetime to get out of debt! Minimum payments are essentially ‘interest only’ payments. This means that by making the minimum payments, the ‘principal’ (amount owing) of the loan stays the same; it does not...

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New Legislation in BC to improve Debt Industry

Posted by on Dec 17, 2015 in Debt | 0 comments

We are very excited about a recently announced NEW legislation for British Columbia that will help push BAD Debt Settlement Companies out of the market. Finally the BC Province is waking up to the fact that there are both good and bad players in the Debt Restructuring industry, and this new legislation is designed to allow the good companies to continue helping people like they have in the past, yet help clear out the bad companies. This is...

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