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Jul 23, 2014 It's all about Canadian Personal Finance!

Blog Posts Below

Government Debt And Deficit 10...

Nov 18, 2013

Government Debt and Deficit 101 What is the difference between debt and deficit? Many people confuse the two terms and think they mean the same. They are not. It is easiest to look at the difference by lo. . . .

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Pierre Paradis Summers Luckies...

Oct 28, 2013

Pierre Paradis: Summer’s Luckiest Man “I’ll be making the most of my summer riding on my new Harley-Davidson® motorcycle, next to my spouse” Pierre Paradis. . . .

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Buying Money At A Discount Ano...

Oct 24, 2013

Buying Money at a Discount: Another Look at Life Insurance If I were to “sell” to you $1,000,000 and my “price” is $200,000, would you take my offer? You’d probably think I’m some kind of scam or I am selli. . . .

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Crfa To Work With Competition ...

Oct 22, 2013

CRFA to Work with Competition Bureau to Check Skyrocketing Credit Card Fees Good news to Canadian consumers, Canadian Restaurant and Foodservices Association (CRFA) said it would work closely with the Compet. . . .

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Canadians Debt Burden Rises Bu...

Oct 22, 2013

Canadians Debt Burden Rises But Delinquency Rate is at Record Lows Majority of Canadian consumers continue to increase their debt burdens despite recent efforts from regulators to tighten lending standards, . . . .

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Equifax Suggests 10 Ways To Im...

Oct 22, 2013

Equifax Suggests 10 Ways to Improve Your Credit Report Global leader in consumer, commercial and workforce information solutions provider Equifax urges home buyers to maintain an excellent credit history to . . . .

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How To Get Started With Debt R...

Oct 21, 2013

How to Get Started with Debt Relief and Debt Consolidation Debt relief for consumers is needed today now more than ever. The recent global economic crisis in 2008 and its lingering effect have triggered the ne. . . .

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How To Better Manage Your Payd...

Oct 21, 2013

How to Better Manage Your Payday Loan Latest government statistics have shown that the number of payday loan requests has increased 109 percent in the past two years alone. But the figure is expected rise in t. . . .

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Landlords Descent In Ontario T...

Oct 21, 2013

Landlords Descend in Ontario to Provide Affordable Social Housing Solution More than 1,100 landlords, policy makers and issue experts descendent in Ontario recently to tackle Ontario's critical need for afford. . . .

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Canadas Housing Sector Remains...

Oct 21, 2013

Canada’s Housing Sector Remains Strong Canada’s housing sector remains strong as latest data from The Canadian Real Estate Association (CREA) showed that the national home sales posted modest gains in Septembe. . . .

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Discussion Topics Below

RE: Contact Resources intend...

Jul 22, 2014    Post By: - Ottawa_Chap

Uhh Oh!! Given the dates you presented, that good faith payment most likely reset the Statute of Limitation period (SOL) for your account. Hence why they were pressuring you to send 'any payment amount' in to their of. . . .

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RE: Contact Resources intend...

Jul 22, 2014    Post By: - grousegrinder

Okay, I am in BC. My last payment was $250 to CT May 4 2012 so as of July 4, 2012 my arrears began. I did make one payment in January 2014 to CRS for $100 for what they called "a good faith" payment to keep me from e. . . .

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RE: Contact Resources intend...

Jul 22, 2014    Post By: - TJ.brooks

Your whole case depends on when exactly you made your last payment to CTC. Just be sure to send no money and sign nothing for now....this is an absolute must.

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Contact Resources intends to...

Jul 22, 2014    Post By: - grousegrinder

I need some help on how to proceed with this. Here is the chronology: Oct 5, 2012- a letter from canadian Tire saying they have escalated my past due credit to their Credit Recoveries Dept.$6200 owed Nov 13, 2012 l. . . .

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RE: Home-based entrepreneurs...

Jul 21, 2014    Post By: - Ottawa_Chap

Thanks Alan! Good summary of the home deductions available to the Self-Employed / Home worker (like myself at time). In my case I leave the deductions to my C.A.'s hands, but still, this opens ones eyes. Cheers! . . . .

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RE: Wondering what I can do....

Jul 21, 2014    Post By: - TJ.brooks

Sadly even if you pay it off it will still remain on your report for the 6 years as an R9. As this is no longer a debt owed to the bank they will not add a notation of paid to your report. Since you said its 5 years. . . .

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Home-based entrepreneurs - T...

Jul 21, 2014    Post By: - Alan Baggett

Home-based entrepreneurs - Tax breaks for the home office crowd: CRA SOTW This article taken from CBC News but they did not supply the author’s name – my apologies to them. Home-based entrepreneurs - Tax breaks f. . . .

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Wondering what I can do...

Jul 20, 2014    Post By: - cflanders

I have a debt from a while ago, I would say 5 years ago. It's not really all that much, it was $684 at the time. I've recently been promoted at my work, and I have the money to pay off my debts (That, and I really don't. . . .

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RE: Kodo Collections please ...

Jul 17, 2014    Post By: - TJ.brooks

Yes it is covered by the law of the province where the debt was incurred. In this case Alberta, so the SOL is 2 yrs. They can not collect this debt using the courts as long as you raise this defense. All they can do . . . .

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RE: collection agency lied o...

Jul 17, 2014    Post By: - TJ.brooks

How old is this debt....when did you last make a payment, pls be specific. When you return to court explain you were not served and the court may set the judgment aside.

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Canadian Consumer Toxic Debt? What do we have to show for it?

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