Knowledge Blog Archives - Page 8 of 12

Living Pay Cheque to Pay Cheque

Bankruptcy, Budgeting, Consumer Proposals, COVID Debt Help, Credit Counselling, Debt Relief, Knowledge Blog

Jun 4, 2013

33 percent of Canadians are Broke!

My eyes opened up wide when I heard on the Lang O’Leary show yesterday that 33% of all Canadians are living from pay cheque to pay cheque according to a survey conducted by the Certified General Accountants Association of Canada. I say that living from pay cheque to paycheque is a loud resounding danger signal that you are either broke or short of money – and probably have maxed out your credit lines and credit cards.

Credit Reports

Credit Counselling, Knowledge Blog

May 14, 2013

A consumer credit report is based on factual information regarding a person’ credit payment history. Its primary purpose is to help credit grantors determine whether or not to approve an individual for credit.

The Truth about Credit Cards

Credit Card, Credit Counselling, Debt Relief, Knowledge Blog

May 7, 2013

The Annual Percentage Rate (APR) is a yearly measure of the cost of credit. Some cards have an APR as high as 29.9 percent, while the average percentage rate is around 19.9 percent.

The Culture of Harassment and Credit Counselling

Debt Relief, Debt Repayment Agency, Financial Health, Knowledge Blog

April 30, 2013

By D. P. Welbanks

The distance between unlicensed and licensed credit counsellors is far too short. The need is even greater to regulate activities that purport to counsel people. Counselling is a specialized term that implies a wide variety of benefits including trust being given to those who call themselves counsellors to act like counsellors. The following is an excerpt from Almost Empty www.chateaulanepublishing.com

The Psychology of Debt and Debt Settlement Companies

Debt Help, Debt Relief, Knowledge Blog

April 23, 2013

By D. P. Welbanks

An article on Margaret Johnson’s blog rattled a few skeletons in my closet. It begins by resurrecting an old nemesis from my days as the Director of Debt Collection in British Columbia in the 1990s, namely Debt-Settlement Companies. A prudent consumer who might carry a burdensome load of debt would first ask the question, is this company licensed?

The 3 Keys to Successful Budgeting

Knowledge Blog, Budgeting

February 26, 2013

A budget, or spending plan as it is also called these days, is a very basic foundation for personal finance. And yet so many people struggle with budgeting. As someone who has 40 years of experience in banking and credit counselling, I have learned some key principles to budgeting that I would like to share with you.