Making the deal

Making the deal

In an earlier post there is some discussion about techniques used to deal with creditors. I would like to speak further to that. There is generally one reason you would need to negotiate with creditors - you missed a payment or you will miss a payment. The reasons are generally Medical emergency, p ...
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Prefrontal cortex and your debt

Prefrontal cortex and your debt

"The explosion of consumer debt that has caused the current crisis is an issue of self-control" says University of Pennsylvania psychology professor Angela Lee Duckworth. "It's a perennial human problem, to delay gratification. We all struggle, from little children to the oldest and wisest, with the ...
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Debt Feels good – until you have to pay it back.

Debt Feels good – until you have to pay it back.

In the last two articles, we've discussed two explanations pertaining to why some of us take on more debt than we can safely manage. Over optimism about our future and a struggle with self control that can begin when we are very young. It even seems that the ability to resist impulse is something th ...
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Pay cash today or debt tomorrow?

Pay cash today or debt tomorrow?

People often make poor economic choices because they are overly optimistic about what they will do in the future, experts say. It's akin to over estimating how much you can get done in a day or eating a piece of chocolate cake now because you are counting on yourself to have the will power to have o ...
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Debt pushers and Dealers have to answer to the Feds… ewwww, scary

Debt pushers and Dealers have to answer to the Feds… ewwww, scary

Ottawa is talking to the banks about putting new measures to curb the rise in consumer debt into the next federal budget.Deputy finance minister Michael Horgan has broached the topic in prebudget consultations with executives from Bay Street firms and several bankers say they would support federal ...
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Government gives better advice than an old friend??

Government gives better advice than an old friend??

 Did you ever think to consult the Government of Canada if you are struggling with debt? While I wouldn't suggest calling Steven Harper himself if you're behind on your car payment, Service Canada has a resource page called "Managing Your Debt" with links to information about some of the follow ...
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The bank gave me more money than Grandma for X-mass… must be love!

The bank gave me more money than Grandma for X-mass… must be love!

Well, yes, kind of. Banks are in the business of lending money - they are like any other retail establishment only they sell money instead of shoes or books or cannelloni. The problem is that we forget that we are the consumers of that money; most of us feel more like lucky "recipients" of the bank ...
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Til Debt Do Us Part?

Til Debt Do Us Part?

The expression “Til Debt Due Us Part” is a heavy hitter. Have you ever had one of those days when you just feel like you’re never going to get out from under the mountain of debt you’re under? When you signed on the dotted line, you never thought that it was like a marriage ...
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Debt Settlement Edmonton

Debt Settlement Edmonton

Debt settlement in Edmonton is one of the most questionablet options for residents of this wonderful city who have found themselves in a great amount of debt, behind on their bills, and unable to pay the full balance. Some of the advice that they will hear might be to declare bankr ...
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