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Welcome to DebtCanada, your Canadian Credit Education Centre.
Here are our latest articles, presented for your budgeting and financial planning inspiration!
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Canada Student Loan Interest Suspension
Important Notice Effective April 2021, the Government of Canada has suspended the accumulation of interest on Canada Student Loans until March 31, 2022. Subject to Parliament approval, the Government of Canada has proposed to extend this measure until March 31, 2023. Update We are currently experiencing a technical issue with some users attempting to apply for the Repayment Assistance Plan (RAP) and/or uploading supporting…
Will that be Cash or Chargex?
The unpaid bills are piling up. The inbox is full of late payment reminders, and you have stopped opening the…
Credit Card Facts
Do you know your credit card facts? With 73 million MasterCard and Visa’s in the wallets of Canadian consumers –…
Identity Theft Is on the Rise
What can you do? Picture this scenario: you go to the grocery store and decide to pay the cashier with…
Financial Fallacies: Are You Living in Debt Denial?
Interestingly, a recent survey (http://www.huffingtonpost.ca/2015/03/02/credit-card-debt-denial-canada_n_6784570.html) suggests that nearly one quarter of Canadians underestimate how their debt stacks up against the…
Household Credit: Use at Your Own Risk
It seems we’ve evolved from a world of prevention for protecting the public from a long list of hazards and…
The Good, the Bad and the Debt-Ugly
In a recent blog by a colleague of mine, the first thing that jumped off the page and metaphorically smacked…
Why Is Deprivation Such a Dirty Word?
We, as a society, hate deprivation. We love, on the other hand, instant gratification. These two things are on opposite…
You’d Better Watch out for Cyberdebt
If Black Friday is any kind of a predictor, looks like on-line-shopping jumped to the top of the list for…
High Rents and Impossible Mortgages
COVID. Look out renters. The news is out. Rents are predicted to go up in Metro Vancouver. An article in…
Debt Freedom 56
Before rushing into my usual tirade about banks doing surveys and leaving the impression their findings are indisputable facts, I…
Abuse Against Seniors
Recently an article in the Vancouver Sun got my blood boiling. It was a story about a man in St.…
Robots Money and Human Nature
I’m happy to see that all the money I spent on art classes for my children may pay off in…
Protecting Yourself from Fraud – And the Bank
In Canada, you are innocent until you’re proven guilty. It would appear that our banking system has forgotten this simple…
Judgment Day Under Reform
Behold, judgment day is upon us, or more accurately, money judgment day. When I first looked at the new law…
Is your debt acceptable?
It’s easy to tell if your debt is affordable, either you can make the payments along with your other expenses,…
New debt settlement laws will protect consumers
Our team of dedicated professionals spent many years working together with Consumer Protection and the BC Government on this. We…
