Get Me Debt Free

Why You Shouldn’t Use Your Mortgage to Consolidate Your Debt

alternatives to consolidating debt with mortgage

You’re facing a lot of debt, and you’ve been researching different ways to eliminate that debt. During your research, you’ve probably read a lot about using your home equity to help consolidate your debts. Many people will tell you about the benefits of tapping into your home equity to consolidate your other high-interest debts. Unfortunately, […]

What You Need to Know About Joint Bank Accounts

two people reviewing their joint bank account statement

A joint bank account works just like any other bank account you have, except there are multiple authorized account holders. Authorized account holders share all the same responsibilities and abilities as you would have on your own account. Anyone named on the account can make payments, e-transfers, make withdrawals, pay off debt, and so on. […]

What To Know Before Hiring A Debt Relief Company

young couple considering a debt relief company

When you visit the Government of Canada website, this is the first thing they say about using debt consolidation companies: “Consumer alert: Some companies offering help to pay off debt or repair credit are misleading consumers.” Unfortunately, there are many companies out there claiming to help those who are financially struggling, only to mislead their […]

What you need to pay off your debt, besides money

two people making a debt relief plan to get out of debt

Is debt constantly on your mind? Owing money can be extremely overwhelming. Especially when you’re not sure where the money is going to come from to pay it off. You work hard, but your bills just keep piling up. When it gets to a certain point, your debt relief can feel as though it’s taking […]

What is debt restructuring?

two people signing new debt restructuring paperwork

Debt is difficult to live with. It can feel as though there is a weight on your shoulders at all times. It’s overwhelming and impacts our everyday lives. Many Canadians struggle when it comes to talking about their financial hardships. Because of this, they don’t confront their debt until it becomes out of control or […]

What happens when you file for bankruptcy?

what happens when you declare bankruptcy

Dealing with debt is never fun. Many of us try to sweep our financial woes under the rug and hope they disappear with time. But what happens when that pile under the rug becomes too big to go by unnoticed? Debt is never fun to deal with, but it has to be done. The bigger […]

Can you still get approved for a mortgage with debt?

dog sitting in a moving box

Canadians have become accustomed to living with debt. It has become a way of life. It’s almost impossible for Canadians not to live with some form of debt. We use it to finance major purchases such as cars, education, and houses. One of the highest being mortgage debt. Buying a house is one of the […]

Should you refinance your mortgage to pay off other debt?

woman thinking about refinancing a mortgage to pay off debt on her laptop

When it comes to debt, we all want the easiest and fastest solution to pay it off. Despite what many other ‘debt insolvency’ companies will tell you, bankruptcy is often a high-risk way to consolidate your debt. There are many different options when resolving your debt, but choosing which option suits your needs best depends […]

What you should know about payment deferral programs & debt

man thinking about payment deferral programs on his laptop

The current worldwide challenge has had a variety of impacts on Canadians. From the emotional blow of being unable to leave our homes to the financial hardships thousands of Canadians have had to face over this past year. In light of many people losing their jobs or living on reduced incomes, deferral programs were made […]

Why Now Is the Time to Care About Your Financial Wellbeing

mother and daughter talking about debt and living debt free

If you’ve been looking for a sign to start cracking down on your finances, this is it. We all may have experienced the past year differently, but in one way or another, we have all felt the impact of shutdowns and or illness. Although we are not fully out of the water yet, this past […]