They say information is power, and when it comes to debt, that’s certainly true. If you are one of the many Canadians who struggle with debt, the more you know, the sooner you’ll be able to put debt behind you. Start your debt education here. But to learn more about the best solutions for you, nothing’s better than a consultation with a Grant Thornton debt professional. You’re not in this alone.
Debt Warning Signs
Recognize the signals that your debt may be getting out of control so you can make corrections as soon as possible.
Mortgage Debt
Your debts may leave you unable to pay your mortgage, and perhaps even miss some payments. Here’s what that could mean for you.
Secured Creditors
A secured creditor is a creditor to whom you have given one of your assets as collateral. These are the debt implications.
Credit Card Debt
Credit card debt is one of the most common ways people get into financial difficulty. Here’s how to manage your credit cards well.
Payday Loan Debt
Payday loans are short-term, high-fee loans meant to cover a cash shortfall until your next paycheque. Learn how to not get caught in the payday loan cycle.
Income Tax Debt
If you owe Canada Revenue Agency outstanding income tax, they have a surprising amount of power to get what’s owed to them.
Student Loan Debt
If you’re worried about your ability to repay your student loans, the Canada Student Loans Program has implemented changes that could affect you.
Seniors in Debt
It’s not uncommon for more retirement-age Canadians to carry increased levels of debt, which puts a strain on them and their adult children.
Farmers in Debt
There are unique treatments applicable to the agricultural sector under the Bankruptcy and Insolvency Act and under other governing acts.
Debt Management
Some debt is a normal part of financial life. But if you struggle with paying debts off, these are some options for solving the problem.
Feeling overwhelmed? If you need help, please meet with a Grant Thornton debt professional.