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Debt Victoria

Consolidate and Reduce your Debt

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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Revenue Canada (CRA) Collection Scam Calls

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

Revenue Canada Collector Scam This may be hard to believe, but phone scammers have actually started to pretend to be CRA (Canada Revenue Agency – aka Revenue Canada) agents in order to try to coerce people into paying them money. Don’t fall for this recent and very prevalent phone scam. We help a lot of people deal with and reduce their debt, and this sometimes includes helping people and businesses reduce their tax debts; so a...

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Teaching Your Child to Save Money

Posted by on Nov 6, 2014 in Debt | 0 comments

Adults know they need to save money for that proverbial “rainy day,” but how do you teach a child that saving money is a good idea? Whether they are saving up for a new toy or a long-term goal, it’s important to teach them the skills needed to achieve that goal. Needs vs. Wants A good first step is to teach your child the difference between needs and wants, because otherwise it is the foundation of good money skills. Needs: Explain to your...

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Yet Another Sleepless Night: How Financial Stress Affects Your Sleep

Posted by on Aug 19, 2014 in Debt | 0 comments

It’s 2 o’clock in the morning and you’re still awake worrying about how you’re going to make ends meet this month. You’re not alone. Canadians have been particularly anxious about finances since 2007, when Lehman Brothers bank collapsed, plunging the world into the worst economic crisis in years. According to the Holmes and Rahne Stress Scale, the 16th highest stressor is a major change in financial position (good or bad). In 2012, the Canadian...

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