What You Should Know Before Considering a Mortgage from a Private Lender

If you’re a high risk home owner with a lot of debt it can be very tempting to try and leverage the equity in your home in an attempt to alleviate some of the mounting debt pressure. You may want to stay in your home at any cost, and you’re willing to try anything. Perhaps…

Things to Keep in Mind before Seeking a Personal Loan from a Bank

It’s not unusual these days for most people to live pay cheque to pay cheque. Very few of us have money saved away in the bank because so much of our money goes into paying down personal debts. If you’re looking for a little cash to go out and buy a new dining room set,…

The Pros and Cons of a Second Mortgage

There are several approaches you can take when trying to deal with debt. These options include negotiating with your creditors individually, using a debt settlement firm to broker a deal for you, filing for bankruptcy, or entering into a consumer proposal. All of these options have their own merits, and may be right for you…

Negotiating with Creditors Privately

If you’ve ever fallen a couple of months behind on your bills, chances are you’ve had to dodge a couple of calls from debt collectors. These aren’t the most pleasant people to deal with for the most part. If you’re not quite ready to throw in the towel and consider bankruptcy, or approaching a debt…

Making the Choice between a Consumer Proposal and Bankruptcy

There are times when we find ourselves so overburdened by our debt that we simply can’t see any way out of it. It happens to just about all of us at some time in our lives – you are not alone. It doesn’t make you a bad person. It just means you’ve got some hard…

Introduction

All of us have faced financial adversity at some point in our lives. When this happens we invariably turn to the web for answers. How should I handle debt collectors? Should I declare bankruptcy? Should I take out a second mortgage? These are all common questions typed into search engines every single day. The problem…