Credit Card Debt

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Millennials Need Credit (But Don't Have It)

Stats show that millennials prefer to use debit cards to credit cards for their purchases. Millennials are the first generation to grow up with debit cards, which may explain this pattern. Several findings prove that this generation isn't fond of credit products. The reasons for this may be many, but the top may be controlling spending and fear of debt. This lack and hesitance to use a credit card among millennials is causing them more harm than good in the long run.
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The Good, Bad and the Ugly of Plastic

Before you think this is just another a sooth-saying blog from a member of the financial community about the dangers of credit and debt, let me assure you that credit, in and of itself, is not inherently bad. It serves an important purpose and facilitates plenty of financial necessities. There is indeed some good, some bad, and some ugly involved in going full plastic.
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The Financial Truth Shall Set You Free

In 2015, personal finance is still a taboo topic. We might live in a liberal country, but Canadians are not very open-minded when it comes to talking about our pocketbook. In fact, many of us downright lie. I think one thing is clear: The more openly we discuss our finances, the more opportunity we have to gain financial literacy and take control of our financial outlook.
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Are You Suffering From Post-Holiday Bill Avoidance Disorder?

When you've caught the last scraps of tinsel floating around the house, and your New Year's resolutions have fallen by the wayside, there's still a final holiday tradition left to enjoy: dreading the arrival of holiday bills. Yes, this time every year, thousands of Canadians are struck with cases of Bill Avoidance Disorder (B.A.D. for short). Think you've come down with a case? Try all of the following, and call us in the morning.
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Canadians' Non-Mortgage Debt Jumps

TORONTO -- Canadians continue to pile on debt and now collectively owe more than $1.5 trillion excluding mortgages, according to the latest figures from Equifax Canada. The consumer credit rating agen...