Can You Have a Zero Credit Score?
You do not start out with a zero credit score. But you must build up your credit. A higher score will grant you access to loans and mortgaes. Learn how..Read full article
Author: Consolidated Credit Counseling Services of Canada
How to Create a Budget by Percentage of Income
Here are some basic guidelines to help you create a budget by percentage of income and figure out the right budget percentages and a starting point. Remember that based on your individual living style, income, family circumstances, and location, the allocation may vary from person to person...Read full article
What Are the Consequences of Not Paying Credit Card Debt?
What happens when you don t pay your credit card? If you get to the point where you can no longer afford your credit card debt, you may damage your credit..Read full article
Bankruptcy vs Credit Consolidation – Which option should I choose?
Is your personal debt becoming too difficult to manage? Then you may need to look at alternative solutions. Maybe you are considering bankruptcy as an option or looking for other… Read full article
Are debt consolidation loans worth it?
Are debt consolidation loans worth it? Simply put, debt consolidation combines multiple unsecured debts like the balances on your credit card, personal loans and sundry other bills into one single debt...Read full article
Scholarship Recipient for the 2018 Consolidated Credit Counseling Services of Canada Scholarship Program
Consolidated Credit held its first annual scholarship program this year, offering students across Canada a chance to participate to receive a $1,000 scholarship. We saw this as a great opportunity to help students struggling with debt and aimed to help with the costs of higher education like tuition and books...Read full article
Average Canadian Debt Continues to Climb
Average Canadian debt went up by 3.3 percent and is now $22,837 per person but despite that. Canadians are managing to meet their debt obligations, with both bankruptcies and delinquencies trending downwards. Here are some tips on how you can reduce your financial vulnerability...Read full article
What is the Best Strategy to Save Money?
Wondering what’s the best strategy to save money? Having savings on hand is an essential part of your financial health, but how much do you really need? Furthermore, how are… Read full article
Don’t Wait Until RRSP Season to Contribute
Although it is human nature to wait until the last minute for just about anything, you are well-advised to make regular contributions to your RRSP a year-long habit, rather than… Read full article
Achieve Financial Security
Visualize what financial security looks like and set that as your goal. It's your actions in the present that help you achieve financial security...Read full article
Have Credit Card Debt But No Job? How to Deal with Credit Card Debt When You’re Unemployed
Call us at 1-844-402-3073 to speak to a trained credit counsellor today!..Read full article
When good debt becomes bad debt
While no debt is always preferable, there are some debts that offer you the opportunity to increase your wealth. Here is the good debt bad debt low down..Read full article
What to do if you’ve been a victim of fraud
There is no shame in being a victim of fraud. It happens to everyone, even those who are vigilant or consider themselves financially savvy...Read full article
Vacation planning: taking debt out for spring break isn’t worth it
Spring break vacation is a chance for fun and a holiday from school and work, but it doesn’t automatically have to come with a hefty price tag...Read full article
The danger of running up your home equity line of credit
A home equity line of credit is subject to fluctuation in interest rates, so the recent increases to interest rates will raise payments...Read full article
The new mortgage stress test: an effort to reduce average Canadian debt
An effort to reduce average Canadian debt with the new mortgage stress test House hunting? You may have heard of the new mortgage rules from the Office of the Superintendent… Read full article
Single and retiring? What you need to know
Not only does being single impact your money management during your earning years, there are special concerns and challenges faced with retirement savings..Read full article
How to Save Money on Groceries
Eat more produce, do an inventory of your pantry, make a list, don't pay for convenience, and couponing are just a few ways to save money on groceries..Read full article
How to save money on your grocery bill
When a large portion of your paycheque is going towards paying down debt, it can be difficult to make ends meet. “Look for ways to reduce the cost on everyday… Read full article
Why was my credit card declined?
Wondering why your credit card declined? It happens all the time to lots of people but that doesn’t make it any less embarrassing or stressful. If this has happened to you, here are some potential reasons why and suggestions as to what you should do about it...Read full article
