Derek L Chase & Associates Ltd.
Death and debt are two subjects that we don’t always like to talk about, however, they are things that can weigh on peoples’ minds, especially when carrying a heavy debt load. One question that we hear from time to time is if I die, will my family have to pay...
Calls from a collection agency or someone pretending to be the Canada Revenue Agency threatening to take you to debtor’s prison because of an unpaid debt is becoming part of everyday life. I personally can recall at least 5 phone calls from scammers pretending to be the Canada Revenue Agency...
It is interesting to meet people who have different stress thresholds when it comes to debt. Some people are terrified about having $10,000 in debt while others are quite comfortable when the number is ten times higher. When it comes to having a lot of debt, one of the main...
The pathway through life has many ups and downs and can have numerous potholes to avoid. Often, as we journey, the question comes to mind about how we could possibly change our life. One important way, if you are in debt, is to find life-changing debt relief. The self-help section of...
Sometimes in life, there are things that you just know that you have to do. For example, changing jobs, moving to a new location, changing relationships, and possibly changing your finances by declaring bankruptcy. While these decisions are not easy ones, you have likely put a lot of thought into it...
Often when we meet with people the question comes up about how their credit score will be impacted. A justifiable concern. If you are in a position where you are missing payments, or had a vehicle repossessed, your credit score has already been roughed up. Choosing the government approved option of...
In recent months, more companies than ever are facing financial difficulty. Insolvency filings have increased in both the oil and gas industry as well as retail. Companies, such as Reitmans, have had to seek protection from their creditors to avoid bankruptcy. When companies or individuals are faced with aggressive creditors,...
Have you ever gone to apply for a loan only to find that you’ve been denied because of a negative report on your credit score? What if this happened and it wasn’t your fault, but rather was due to an error by credit reporting agencies. You might not think this is...
Payday loans can be placed in the category of too good to be true. It is easy to find a lender, they are fast to get, and it is easy to qualify. A casual search on the internet reveals a surprising amount of different places where you can get a payday...
Your financial institution has sent you a letter stating that they are taking legal action to foreclose on your home. What should you expect? Foreclosures occur when homeowners are unable to pay back the lender of their mortgage, whether it be a financial institution, bank, or credit union. The institution who...