Personal debt

Understanding how a divorce impacts your debt is important, whether it's a mortgage, car loan, or credit card debt. That's why we created this guide—to clearly outline how individual and joint debt is handled in divorce; how to protect your finances during a divorce; and how to deal with unmanageable debt after a divorce.

There's a lot of misconceptions around how long bankruptcy lasts in Canada. While some rumors say it can last up to seven years, that's false. In Canada, a first time bankruptcy can be completed in as little as nine months. Learn how long bankruptcies last and what it means to be discharged from bankruptcy in the below article.

Are you worried about an upcoming mortgage renewal? You’re not alone. Interest rates in Canada are significantly higher than 2020 and expected to remain so, meaning homeowners with mortgage renewals could see their monthly payments increase by $400+. If you’re struggling to afford your mortgage payments, you should look into the following six options:

We asked Canadians how they’re managing their debt and what they’re doing to weather the affordability crisis. Here’s what they said:

The Bank of Canada predicts that Canadians with existing mortgages could see a 20-40% increase in their monthly payments when it comes time to renew. See our five tips to help manage your mortgage when it's up for renewal.

Different life stages, like being a student, buying a house, or retiring, may mean taking on debt. Knowing where you stand financially can help you decide where to go next on your financial journey. See if your debt is 'normal' for your age.

If you or someone you know is facing wage garnishment, check out these 7 questions to stay informed and prepared.

If you shop online, you’ve likely come across a “Buy Now, Pay Later” option on the checkout page. We’ve broken down the information you need to know before you buy now and pay later.

For many Canadians, buying a home is a major financial goal. This goal may seem challenging for various reasons, but having filed a consumer proposal or bankruptcy shouldn’t be one.

To help you understand the implications of an interest rate increase, we’re breaking down why the Bank of Canada made the increase and what it might mean for you.

Calls from debt collectors can be stressful. But this doesn’t have to be the case – understanding the steps to take and available support can help end collection calls for good.

Just because you’re carrying debt into retirement doesn’t mean it’s too late to regain control and find financial freedom.

Bad debt can lead to unescapable interest costs, damaged credit, and failed financial goals. But how can you tell which type of debt is good or bad? The answer lies in how you use and manage it.

When it comes to credit, what you don’t know can hurt you. We’ve created a simple guide on how to access, understand, and improve your credit score.

Debt consolidation and consumer proposals are both options to consolidate most debt payments. Learn how each works.

To quickly make ends meet, many turn to payday loans, but be cautious, as payday loans can seriously impact your finances. Learn how to get out of payday loan debt.

Credit card debt can be expensive to manage. In this article, we provide answers to some of the most common questions we’re asked about credit card debt.

Understand what happens to secured and unsecured debt when filing a bankruptcy or consumer proposal.

Recognizing debt warning signs can help you ditch bad financial habits and prevent serious debt problems. Learn about some common warning signs.

Overwhelming student loan debt doesn’t have to hold you back from moving forward. We break down the options available to tackle student debt.