Misconceptions about Joint Debts

What is Joint Debt? Joint debts are liabilities where the obligation for paying the debt falls on more than one party. A person can become joint on a debt when they share ownership of an asset – for example joint on a mortgage that is co-owned – when lenders can...
The Advantages of Debt Consolidation

The Advantages of Debt Consolidation

Debt consolidation means to obtain a new loan to pay off a number of smaller loans or bills that you are currently working to pay off. It brings all your debts together into one combined loan and allows you to make one monthly payment to cover the amounts and interest...
Consumer Proposals and Informal Proposals – Do You Know What You Are Signing?

Consumer Proposals and Informal Proposals – Do You Know What You Are Signing?

Credit counselling, orderly payment of debt, and consumer proposals are all useful ways to address a debt problem. The key to selecting the right option is knowing which program is right for you. Informal options include informal debt settlement arrangements and...