There is another important date BC business owners need to add to their calendars: August 1, 2026. That is when significant changes to British Columbia’s consumer protection laws come into effect. These changes may affect how businesses sell services, accept payments, use contracts, manage subscriptions, explain refund policies, and communicate with customers before a purchase…
Your rights around inheriting debt in Canada can vary depending on several factors, including provincial laws, the nature of the debt, and your relationship with the deceased individual. Here are some general rights you may have: It’s important to note that while you have rights, dealing with inherited debts can be complex and may require…
Inheriting assets from a loved one can be a bittersweet experience. But what about inheriting debts? Many Canadians are understandably concerned about the possibility of being saddled with a deceased relative’s financial obligations. While the prospect of inheriting debt can be worrying, it’s essential to understand how debt inheritance works in Canada. Here’s a breakdown…
An Exploration of Seniors, Debt, and the Journey Beyond In the sunset years of life, the weight of debt intertwines with the complexities of health, family, and mortality. The struggle is real, and as our senior population grapples with this intersection of financial and personal challenges, it’s crucial to tread with empathy and understanding. The…
Discover a Simpler Path to Repayment, Credit Rebuilding, and Savings In the complex world of debt, clarity is your compass. Let’s unravel the mysteries of debt consolidation and show you not just a way out but a way to financial freedom. Solutions Credit Counselling introduces you to a powerful debt consolidation program that’s more than…
Empower Yourself with Knowledge for a Debt-Free Future In the complex world of debt, questions abound. We understand that navigating the unknown can be difficult; we’re here to guide you through it. Let’s dive into the most common debt questions, providing answers and empowering insights to shape your financial outcome. 1. Can a US creditor…
Unlocking Financial Wisdom for a Stress-Free Life! Given our busy lives, budgeting, and financial planning are easy things to overlook, especially irregular and unexpected expenses, leading many into debt spiral. Understanding and preparing for these often-forgotten costs is paramount to fortifying your financial fortress and liberating yourself from the looming debt threat. Let’s delve into…
Are mounting credit card debts causing sleepless nights and relentless creditor calls? The weight of credit card debt can be overwhelming, and it’s crucial to know that help is available and specifically designed for you to alleviate your financial burden. At Credit Solutions, we understand the unique challenges you face. Whether you’re teetering on the…
In the realm of debt relief, the journey often begins with enthusiasm and determination. Clients are fueled by excitement, anxiety, and motivation to finally embark on the process of debt repayment. The initial stages are marked by a barrage of questions regarding the intricacies of debt management programs and the anticipated impact on their lives….
Has the impact of COVID-19 reshaped your financial landscape? You’re not alone if you’re seeking a transformative change in your financial situation. The aftermath of COVID-19 has left countless Canadians grappling with financial stress, with nearly 50% admitting they live precariously close to bankruptcy. Recognizing your challenges, Solutions Credit Counselling is your trusted partner in…
Embarking on the journey to overcome debt involves crucial decision-making, and understanding the nuances of debt consolidation is key. In this ever-evolving financial landscape, Solutions Credit Counselling Service Inc. provides professional insights into the three primary avenues of debt consolidation, each offering unique benefits tailored to your financial situation. Three Types of Debt Consolidation 1….
What does it mean to have good financial literacy? Being financially literate means having the knowledge to make decisions that will positively impact your financial health. As noted in the Relation between Financial Literacy, Financial Wellbeing and Financial Concerns, “the higher your financial literacy the greater your financial well-being.” Tracking spending, budgeting, saving, and borrowing…
Ladies, it is very important that you try not to get into personal debt when you are building your business. Unless of course you know what you’re doing and are prepared for the potential consequences. While it is true that all businesses require money to get started it is important that you not put yourself in…
Picture this scenario – you receive a phone call from your bank asking if you purchased something for $215.63 from an online retailer yesterday. You confirm that no, you did not. Your bank tells you that it appears as if you have been the victim of fraud and identity theft and that they will reverse…
THE JONES DON’T COUNT Far too often wants are driven by the desire to have what others have. This desire is referred to as keeping up with the Joneses. Whomever, the Joneses, are should have little or no influence on your spending. What others do and have should not control or even influence what you…
Before Shopping, Consider Stopping; SHOP TILL YOU DROP Shopping has become one of Canada’s favorite pastimes but is also a massive contributor to debt and financial difficulty. Fortunes are spent, unneeded items are bought, and cash registers continue to ring. Canadians seem to have an unquenchable desire for more things. When a charge card…
At Women and Money Inc. we recommend the following: Money is an emotional subject it either makes us happy, sad or fearful. Try to think about money as your friend, not your enemy. Track your spending every week make time to go over your finances and understand where your money is going. It will help you…
In Canada, you are innocent until you’re proven guilty. It would appear that our banking system has forgotten this simple fact. Lyndsay Passmore (http://www.theprovince.com/Woman+issues+warning+after+thieves+ring+thousands+credit+cards+bank+says/11333047/story.html) had 4 credit cards stolen. When she noticed them missing, she contacted the appropriate banks. In the interim between the cards being taken and her reporting them stolen, the thieves had…
Nothing like waking up on a Friday morning to find out that the Bank of Canada governor says house prices are overvalued by 30 %. As reported in the Vancouver Sun, Stephen Poloz, the Bank of Canada Governor said, “The vulnerability associated with household indebtedness is edging higher and the overall risk to financial stability…
Today there is good and bad news. The good news came from a StatsCan report about all of the household debt in Canada that many experts have been complaining about – how Canadians have been accused of being bad money managers but guess what? This report confirms that we are not broke and precariously dangling…
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