When Will I Pay Off My Credit Card

January 15, 2013

How long to pay credit card bills? This is a question we probably don’t ask ourselves often enough, or in the right way.  A few years ago, credit card bills changed, with the addition of a little information box that would tell you how long it would take to pay the credit card bill with […]

Read the full article →

New regulations for Debt Settlement companies in Sarnia and Ontario

January 4, 2013

Well, great news!  As predicted here yesterday, the government of Ontario has announced pending new regulations on debt settlement companies! Consumer Services Minister Magarett Best has introduced legislation that would limit the damage a debt settlement company can do and ensure some safety for those in debt. Among the highlights, as outlined in this Toronto […]

Read the full article →

Debt Settlement Companies – Big News on the way for Sarnia and all of Ontario

January 3, 2013

A ‘source’ – a very trusted one at that, has let me know that as early as tomorrow, Premier Dalton McGuinty is going to announce a new initiative to regulate and control the actions of ‘debt settlement companies’ in Ontario. Debt settlement companies have been operating here in Ontario for several years.  The basic idea […]

Read the full article →

Higher debt levels in Sarnia, and across Canada

October 15, 2012

Hot on the heals of a recent Harris Decima poll which shows that it is becoming more difficult for Canadians to find money for emergencies, comes a new article in today’s Globe and Mail that consumer debt levels compared to income are higher than ever. Working in the financial recovery industry, we tend to read […]

Read the full article →

Warning from Ontario Gov’t – Consumer Alert: Debt Settlement

May 8, 2012

We’ve been trying to get the word out for some time, about the danger of ‘debt settlement’ companies, and their costly, unhelpful practices, backed by ‘celebrity’ endorsement… and guess what, the Government of Ontario wants you to be aware of the danger too. Here’s the basics – if you are in trouble financially, there are […]

Read the full article →

Breaking News – Surplus Guidelines for 2012 finally updated

March 22, 2012

Each year, the Office of the Superintendent of Bankruptcy (OSB) provides a chart that details how much money you can make before they think you have a ‘surplus’ of income in bankruptcy.  The new numbers for 2012 were (finally!) just released.  You can read more about the specifics here: Surplus Guidelines What does this mean?  […]

Read the full article →

A New Year, A Fresh Start – Part II – Budgeting and Debt in Sarnia

January 9, 2012

Last week I suggested that  you to start tracking your expenses, hopefully you’ve had a chance to start. The reason this is step one is simple – most people have a distorted view of how they spend money.  It’s not uncommon for people to underestimate groceries by up to $100 per week for a family […]

Read the full article →

On the Radio today

January 6, 2012

I want to send my thanks to Sue Storr of 1070AM/103.9FM for having me on The Talk Show with her today, talking about budgets, spending, ways to deal with debt and other money issues. The show will be posted to her blog, on the stations website, by tomorrow.  Here is a link in case you’d […]

Read the full article →

A New Year, a Fresh Start

January 2, 2012

It’s become common for financial writers, credit counsellors, financial planners and bankruptcy professionals to write the same articles and blogs each year about making New Year’s Resolutions to better manage money.  You know why?  Because people keep overspending, underplanning and taking on more debt!  And what better time of year to change that than right […]

Read the full article →

The post Christmas blues – dealing with debt in Sarnia

December 27, 2011

Well, I hate to say it, but this is the time of year when many people get a cold hard reminder of spending that’s already in the past.  Perhaps it’s fortunate that there is no mail delivery today – you know the only thing coming in that mail box for the next little while will […]

Read the full article →