What Happens to Credit Card Debt When You Die? Another common question we get is: What happens to credit card debt when you die? Credit card debt is unsecured debt, so the same answer applies to payday loans, unsecured debt consolidation loans, and many other personal loans that were granted without collateral. If you are…
Each year, about 30 per cent of Canadian homeowners face renewal, according to the Canada Mortgage and Housing Corporation (CMHC). With interest rates still high and everyday costs continuing to rise, most are worried about being able to keep up with increased payments. The stress of not knowing how you’ll manage monthly expenses, or worrying…
Divorce is one of the most significant events you can ever face. Along with the emotional stress, divorce often leads to financial challenges.
By Garrett Johnson Whether you are a new grad or a young adult entering your first full-time job, budgeting tips for new grads are more important than ever when you’re learning to live on a tight budget. The internet is full of familiar budgeting hacks, some of which you may have even tried. With inflation…
Managing debt can be overwhelming, but there are ways you can regain control of your finances. Two common debt relief options in Canada are credit counselling and consumer proposals.
Getting calls from collection agencies? It’s stressful, we get it. If you’re struggling financially, you may wonder: when do collection agencies give up on pursuing the repayment of a debt?
Ensure you’re making at least the minimum payment on your debts but aim for siphoning off a third of your gross income towards your debts to pay them off faster. By making debt payments your top priority you’ll be in a better position to get by if your income goes down due to tariffs or…
New Beginnings Made Simpler with BMO. BMO is the first and oldest bank in Canada with over 200 years of experience and aims to boldly grow the good by helping you make real financial progress. Moving to a new country can be overwhelming. It feels like everything is different—the culture, people, language, work environment, ways…
Saving money isn’t always easy, especially when juggling a tight income, debts, or unexpected emergencies. But small changes can make a big difference—even in challenging times.
Navigating Canada’s financial landscape can be daunting and stressful for newcomers, and moving to a new country can take a serious toll on financial confidence. According to a recent survey by Interac Corp. (Interac), while 61% of newcomers felt pretty good about their finances when they first arrived, that number dropped to just 31% after…
