by Robb Engen | Dec 10, 2018 | Debt
Canadians started piling on the debt after the financial crisis in 2008. Back then our household debt-to-income ratio was sitting around 150 percent ($1.50 owed for every dollar of disposable income). Today that number hovers around 170 percent. We are kicking debt...
by Robb Engen | May 6, 2018 | Debt
John and Erica Mullen are in their mid-thirties and have two young children at home. Together they earn well over $100,000 per year, but a combination of poor choices and unlucky circumstances have left them buried in debt. Their substantial income affords them the...
by Boomer | Jul 18, 2017 | Debt
Somewhere on your credit card statement there is a note saying if you only make the minimum monthly payment each month, it will take you a certain number of years and months to pay off the balance – BUT ONLY IF YOU NEVER ADD ANY MORE CHARGES TO THAT CARD AGAIN!...
by Robb Engen | Jul 3, 2017 | Debt
In Game of Thrones, the Lannisters are the wealthiest and most powerful family in the Seven Kingdoms. They’re not afraid to leverage their wealth to forge key alliances and advance their political agenda. But, despite being known for plotting and treachery, the...
by Boomer | May 16, 2017 | Debt
When I worked in banking, personal and small business lending was a major part of my duties. Customers were often nervous about applying for credit – unnecessarily in most cases. But, sometimes people had really no idea of what we required before we could consider the...
by Boomer | Oct 25, 2016 | Debt
There’s been a lot of attention in the media about the high level of consumer debt Canadians are indulging in compared to their disposable income. Easy access to inexpensive credit and little stigma attached to being in debt, as well as the pressure felt to keep up...
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