Blog

Financial information and news from Paul J. Pickering and Associates

Blog

Will Debt Stop Being an Issue If Creditors Are Ignored

October 27th, 2021

Understandably, one of the calls nobody ever wants to deal with is one from a collector. After all, collection agencies are phoning with gentle reminders or to have cordial conversations. As the name suggests, collection agencies aim to collect on  outstanding debt.

Heres How to Manage Debt and Be Financially Independent-

October 27th, 2021

In Canada, it is not unusual for most people and households to have debt in many forms; personal loans, credit cards, car loans, mortgages, student loans, and the list goes on. In most cases, this is how life is for people in our society.

Acquiring possessions and property with loans and credit is easy, but when it's time to pay, it's not always as easy to meet the payment terms and obligations.

Staying Credible: 3 Harmful Habits That Damage Your Credit

October 27th, 2021

The benefits of a good, or a great credit rating, are numerous. Access to lower interest rates, higher levels of credit, credit cards with more perks and benefits,  and even things such as employers hiring you can all benefit from a positive credit rating.

4 Signs That Say You Are Drowning in Debt

October 27th, 2021

It is natural for people to rely on debt to get by at some point in time in their life. Almost everybody has experienced the stress of running out of cash in their pockets and having nothing left in their accounts and were questioning what to do.

4 Major Indicators That You Have Too Much Debt

September 16th, 2021

It seems like we never run out of news headlines reporting about the rising average Canadian household debt and how people are hard-pressed to meet monthly payments. But what does it really mean to be in too much debt? And how much is too much? This article examines four vital signs of too much debt and offers solutions that a Licensed Insolvency Trustee can help you reduce or even eliminate your debt.

Get Out of Credit Card Debt in 3 Easy Steps

September 8th, 2021

Dealing with credit card debt is something many people face for a range of

reasons.   It may be that household expenses exceed income, maybe you are trying to run a business and struggling to maintain positive cash flow,  or there could be an emergency that requires the cardholder to make a large purchase or payment for something essential.

3 Signs You May Need Credit Counselling

September 7th, 2021

As much as it may be hard for some people to accept, not everyone is able to work themselves out of a bad financial situation. Sometimes old decisions or financial mistakes cause long-standing issues and costs.  While people can often feel embarrassed and sensitive about this situation, we understand that everyone’s situation is unique and we’re happy to help you find a solution to your financial troubles.