Debt Consolidation is the process where you pay off multiple debts by taking a new loan or a Credit card, preferably at a lower interest rate. The main idea is to find a loan with better terms, like a lower interest rate so that you do not need to struggle with several monthly payments and can free yourself of debt faster and smoother. Consolidating credit card debt becomes vital as credit card balances have a tremendously high monthly interest. Is debt consolidation beneficial? Most people, including Canadians in and around Edmonton and Alberta, are still doubtful about whether debt consolida ..read more

While most countries are trying to implement several financial management policies to help individuals suffering from bad credit scores, Canada seems to have won the race already. With an average credit score of 650, almost 61% of the country’s population keep it over 750. No wonder such scores indicate excellent financial planning. Wondering how is the country achieving this? The answer is through bad credit help. Filing for bankruptcy can be a nightmare and there are several alternatives before you hit the rock-bottom. In fact, several individuals staying in Calgary or other Canadian provinc ..read more

As the name suggests, debt negotiation is an agreement between borrowers and lenders to settle a debt for a lower sum. However, it is not as simple as you might think. Though 61% of Canadians take the help of debt negotiation services in Alberta and other provinces, one has to understand its terms and conditions, along with its pros and cons, to make the most of it. Some facts about debt settlement Debt settlement is a negotiation where the borrower offers a lump-sum amount to their creditors, where the latter agrees to forgive a portion of the loan. While on the one hand, this implies paying ..read more

Today, technological advancements have made taking credit and loans a lot easier than it was earlier. People now spend recklessly and take multiple loans and credits. With such heavy loans, it becomes nearly impossible to pay all the debts on time. However, taking the help of credit counseling can help you in managing your debts which otherwise remains impossible. Read this blog to learn more about credit counseling. What is credit counseling? Credit counseling services include varied services which can help you with your finances. Credit counselors can offer debt management plans for people w ..read more

A debt consolidation loan is a workable way of merging all your scattered loans into a single one. This way, you can use the money from the new loan to pay off your previous debts. A study from Lending Tree revealed that a majority of high-score borrowers – 39.7% took personal loans to consolidate their debts. However, though this approach sounds practical, there are several myths and preconceived notions about the same. To give you a better analysis of debt consolidation, we have debunked myths surrounding debt consolidation. Myth 1: Debt consolidation will affect your credit score. Opting fo ..read more

Are you struggling with your debts and want to get out of these? Are you feeling overwhelmed and unsure about where to start? Don’t worry, you are not alone. Millions of people are struggling in the same phase. The good news is that there are debt management services available that can help you to get back on track. In this blog, we will discuss the 5 main things you need to know while hiring debt management services. What is debt management and how does it work? Debt management services are all about creating a plan to clear off all your debts by working with credit counselors or debt managem ..read more

In Canada and Alberta also, there are two options regarding debt forgiveness, one is customer proposals and the other one is bankruptcy. Financial debt help is a thing that makes the consumer’s life easier. Several companies are working as third-party agents who would provide you with plans and advice regarding your financial status and help you to get out of lump sum debt. Debt management is one of the basic causes people hire money management services or external financial advisors. A financial advisor creates a healthy structure of the existing portfolio and thoroughly examines the existing ..read more

Bad credit score can be defined by various standards as it depends on the lenders and their actions. People often have a hard time paying back the lenders monthly especially if they have borrowed a huge amount of money for their properties like cars, houses, etc. The bad credit is dependent on the number more than the label also. How is a bad credit score calculated? In general, companies that give bad credit score numbers consider several important things such as the user’s credit score and the credit limit, payment history, type of credit, and the time period associated with the credit histo ..read more

The financial market is becoming increasingly complex and unstable. There are more than one or two situations that can arrive suddenly and make money gone forever. Thus, making important financial decisions now needs some experience, expertise, and an eye for the details. Hence, several people and businesses are now depending on their hiring, third-party financial advocates for money management services in Edmonton. People often ask whether they should look for external financial advisors, how they can decide to hire them, and what are the pros and cons. Here go the basic 5 reasons to hire a m ..read more

Credit consolidation might help one get rid of a debt trap and pay off all previous debts in one go. Several reports and statistics claim nearly 30.2% of Canadians went debt free with the help of debt consolidation services. Are you wondering how it can help you overcome your previous debts? Find out in this blog. What is debt consolidation? Debt consolidation is an efficient financial management tool that helps one repay their previous loans by borrowing a larger sum from a financial institution. While, on the one hand, this does not reduce the amount one has to repay, it makes financial plan ..read more