The Shocking Reality: When Royal Bank Suddenly Closes Your Door Picture this: You’ve banked with RBC Royal Bank of Canada (RBC) for decades. Your paycheque goes there. Your mortgage payments come out automatically. Your company’s business runs through its accounts. Then one day, you get a letter that changes everything. The last thing you asked […]
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The economy, much like a highway during rush hour, can move at different speeds. For some, it’s a smooth, open road. For others, it’s a gridlock of financial stress and mounting debt. As a Canada Trustee, I just read the new 2024-25 Annual Report from the Office of the Superintendent of Bankruptcy (OSB). It shows […]
Are you struggling with debt and feeling overwhelmed by financial stress? Consumer credit counseling might seem like the answer, but recent government investigations reveal that some debt advisory services may cost you more than they save. As a Licensed Insolvency Trustee serving Toronto, Mississauga, Brampton, and Markham for decades, I’ve helped many people in the […]
Consumer Credit Counseling: Introduction Are you drowning in debt and don’t know where to turn? You’re not alone. Millions of Canadians struggle with overwhelming debt every year. The good news is that consumer credit counseling can help you get back on track. But here’s the problem: not all debt advice is created equal. Some companies […]
Consumer debt: Introduction Every day, I encounter people—both consumers and entrepreneurs—who are wrestling with the ever-looming shadow of financial anxiety. You know the type: those who can’t remember the last time they had a peaceful night’s sleep, thanks to the chorus of bills and debts serenading them from their nightstands. This personal rollercoaster got me […]
Interest rates: Introduction From the 2023 Federal Budget, the Canadian federal government has garnered significant attention for its proposed measures regarding interest rates on predatory loans. This initiative has been lauded by activists as a commendable effort towards safeguarding consumer interests, promoting financial inclusivity, and antipoverty measures. The budget aims to oversee the financial sector […]
The Ira Smith Trustee Team is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting. We hope that you and your family are safe and healthy. Canadian consumer debt introduction On November 30, 2020, Equifax Canada reported that total Canadian consumer debt climbed 3.8% to […]
If you would prefer to listen to an audio version of this what is a division i proposal Brandon’s Blog, please scroll to the bottom and click on the podcast Introduction Over recent times, I have been receiving increased inquiries as to what is a division i proposal. The purpose of this Brandon’s Blog is […]
This video is courtesy of ABC News. References to IRS can be replaced with CRA. The top consumer scams to watch for in 2017 will know no geographical boundaries. Top Consumer Scams To Watch For In 2017: Introduction Consumer experts are already predicting the rip-offs and top consumer scams to watch for in 2017. Our […]
Consumer debt Canada: Introduction Consumer debt Canada and household debt as a percentage of income remains a hot topic these days. The high household debt as a percentage of income coupled with a Toronto housing boom and until recently a Vancouver housing boom, puts Canada’s economy at risk. Whenever we thought that Canada’s consumer debt […]