If you have creditors chasing you for unpaid debts, or you’re afraid that you soon will, now is the best time to take control of your financial situation. Debt consolidation and debt management plans are two potential solutions to financial stress. Understanding the differences between these options will help you decide which (if either) is … Continue reading Consolidation Loan vs Debt Management Plan
Refinancing your mortgage can be a financially viable option in certain situations. The refinancing loan is used to pay off your existing mortgage, and the new loan replaces it. The idea is to secure more favourable interest rates and/or lower monthly repayments. Securing better terms can be difficult if you have a bad credit rating. … Continue reading Where To Refinance A Mortgage With Bad Credit
A Debt Agreement is a legal structure which provides relief from debt by allowing you to renegotiate terms with your creditors. It often results in lower repayments, and can mean paying only part of your full debt amount. Debt Agreements are an alternative to bankruptcy, available through Part IX of the Bankruptcy Act. When the … Continue reading What Happens After A Debt Agreement?
Debt consolidation happens when you take out a single loan which is large enough to pay off several or all of your existing debt. You use the loan to pay off your credit accounts, and then make repayments to the new lender. Debt consolidation simplifies finances by allowing you to pay one single monthly repayment. … Continue reading What Does Debt Consolidation Do To Your Credit?
Being self-employed comes with a number of advantages, and can offer more freedom and control over finances and earnings. On the flip side, self-employed people often face greater challenges when it comes to budgeting and debt. It can be difficult to manage finances when work and payments are inconsistent. In fact, recent research carried out … Continue reading Debt Help For The Self Employed: How To Pay Off Your Debt