Co-signing loans is a gamble. Co-signers make promises to pay loans if the primary applicant defaults. And with it, many take on risks without fully realizing all the consequences of the deal.
Canadians carry a collective debt of $1.82 trillion. Economists have sounded the alarms for a while but the debt problem has not gone away. Why do we ignore debt and what are the consequences?
A fixed income is often associated with seniors on pensions. Surprisingly, it is also a reality for many other people. That is why financial literacy and money management skills are a necessity for people of all stripes, not just seniors.
Seniors are carrying a lot of debt. As you approach retirement, it might be useful to understand what is going on. There are many debt pitfalls you will encounter. Here’s how to avoid them when your income flatlines.
An IPSOS poll reveals 77% of graduates under 40 regret taking out Student Loans. Why? And what would they have done differently? Everything you should consider before taking out a student loan.
Payday loans can provide short term relief when you are in a cash crunch before payday. But if you neglect paying them off from your next pay cheque, they will become a vicious financial snare.
Starting January 1st, 2018, Canadian mortgage rules change. B-20 impose stricter guidelines for lenders dealing with uninsured mortgages. What does this mean for you?
Debt problems affect your health very directly. And if this is the root cause of your health problems, then you must seek out credit counselling for it because medical intervention alone may not cut it.