Managing Debt

Sometimes we have no choice but to take out a loan and push ourselves into debt. It could be that we have a surprise doctor’s bill to pay off or our car has broken down and we need to fix it right away. No matter what the problem is there is always something that will [...]

It seems that even with the increase of income families are still having trouble keeping up with all of the debt that they have accrued over the past few years. The Vanier Institute of the Family released a report this week titled Current State of Family Finances in which they researched the amount of money [...]

It looks like consumers were depending on their credit cards to buy all their Christmas gifts – which they may regret in a few months. November records show that consumers took on so much debt causing credit card balances to be raised at an unusual high pace. Total seasonally adjusted consumer debt increased by $15.5 billion, [...]