Interest rates and debt: What happens when interest rates rise (Canada)

The Bank of Canada recently raised interest rates by half a percentage point, increasing the overnight rate from .5% to 1%. This is a steep rise, and follows a pattern of rising rates which will make loans and mortgages more expensive for many Canadians. In this blog, we’ll explore rising interest rates in more detail, […]

How do Ontario debt collection laws work?

In Canada, the debt collection process is dealt with on a provincial basis; each province has its own distinct collection laws and rules that debt collection agencies must follow. Ontario is no different.In this guide we’ll explore Ontario debt collection laws in more detail, including what a debt collection agency is, what debt collectors can […]

What is a ‘registered’ consumer proposal?

While a consumer proposal is the most popular debt solution to deal with unsecured debts in Canada, the solution is often described in different ways. One of the terms that causes the most confusion is a ‘registered’ consumer proposal. In this article, we’ll explore what a consumer proposal is, what it means for a consumer […]