Margaret H. Johnson ACE, RQIC, is a thought leader in the field of credit education and debt management. She offers 100% confidential and unbiased credit counseling and debt consolidation services. If you are a woman in debt, speak with Women and Money first. We specialize in helping women with their personal and business finance.
Debt Repayment Options
Written by Margaret Johnson | Thursday, 28 June 2012
Are You Confused About the Difference Between Various Debt Repayment Options?
Financial hardship can happen to anyone and it is often unexpected. A loss of employment, medical emergency or a change in personal circumstances, such as a divorce, can quickly put somebody behind on their bills. With personal consumer debt becoming an increasing concern for Canadians, Consumer Protection BC (CPBC) has noticed a growing number of new businesses entering the marketplace offering a variety of debt repayment or “debt solution” options.
Consumer Alert: Debt Settlement
Written by Margaret Johnson | Thursday, 10 May 2012
The Ontario Government’s Ministry of Consumer Services is the latest government body to issue a consumer alert “warning consumers to exercise caution when considering a contract for debt settlement services.” They warn that “complaints about companies offering debt settlement services are increasing,” and “most of the complaints are about unclear or misleading contracts, excessive fees, and failure to reduce debts as promised.”
If you are considering using a debt settlement company read the following official government warnings and learn the difference between debt consolidation and debt settlement. Make an informative decision!
Families are Broke
Written by Douglas P. Welbanks – Guest Blogger | Wednesday, 19 October 2011
Yes, ladies and gentlemen, we’re broke. The news is out. It’s not just the United States that can’t make ends meet. Canadian families are out of money, too.
The announcement came in the Vancouver Sun on October 19th 2011 when it was revealed that British Columbia fell behind the rest of the country in giving the age 25- 34 crowd an affordable lifestyle.
According to a recent study by Paul Kershaw incomes dropped 6 percent since 1976 in British Columbia for this age group while real estate prices, to mention just one expense, increased by 149% for this same period.