Blog

Financial information and news from Paul J. Pickering and Associates

Blog

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.

Our Guide to Credit Counselling

September 7th, 2021

Credit counselling is an excellent way for borrowers and debtors to understand their financial difficulties in more detail and discover opportunities to stop collections, reduce interest, save money and become debt-free. These services are offered by both for-profit and non-profit services, making them accessible to people of various income levels.

3 Ways For Debt Consolidation Even with Bad Credit

September 7th, 2021

Imagine the following scenario…

You are having financial difficulty and you try to take out a loan, but due to your bad credit, you are unable to be approved for loan. Instead, the financial representative suggests you consolidate your debt instead, but then they determine that you don’t qualify for that either because you have some missed payments and they don’t want to take the risk.