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Spending - Our Blog

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Record High Household Debt in Canada Triggers Alarm

Posted by Tony McGoran
Tony McGoran
Tony McGoran is president of mydebtsolution.com, who maintains an active role as a Credit Consultant counselli...
User is currently offline
on Tuesday, 20 December 2011
in In the News

Found an article in the Globe and Mail that you may find interesting. Full article is here. Remember, if any of this is a concern and you are feeling the debt pressure yourself, mydebtsolution.com can help. Contact Us or simply get started with a Full Review and make it your New Years resolution to "become debt free!"

Canadians have set a new record for household debt, a sign that many families are leaving themselves vulnerable to an economic shock.

The debt burden of Canadian households has surpassed levels of both the United States and the United Kingdom and, by at least one measure, they are hurtling toward those countries’ peak levels of 2007, new Statistics Canada data show.

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Getting Real on Spending

Posted by Tony McGoran
Tony McGoran
Tony McGoran is president of mydebtsolution.com, who maintains an active role as a Credit Consultant counselli...
User is currently offline
on Wednesday, 21 September 2011
in In the News
Slowdown ahead as consumers curb their enthusiasim, so says The Province. Consumer spending will be slower but more balanced as Canadians become more realistic about their ability to spend, says a report Monday from CIBC World Markets.
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Biting Off More Than We Accrue?

Posted by Tony McGoran
Tony McGoran
Tony McGoran is president of mydebtsolution.com, who maintains an active role as a Credit Consultant counselli...
User is currently offline
on Monday, 12 September 2011
in In the News

Ever wonder what's been eating away at your disposable income?

Well, here's a tip: There's a good chance it's you.

Eating -and drinking - outside the home account for four of the top five most popular destinations for Canadians' spending money, according to BMO Bank of Montreal's recent Rainy Day Survey.

This is according to an article in the Province today. Read about it at the Province here or continue on. mydebtsolution.com offers a Full Review for those who need to gain control of their finances without going bankrupt.

Tags: Debt, Income, Spending
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Missing from Debt Debate: A Sense of Urgency

Posted by Tony McGoran
Tony McGoran
Tony McGoran is president of mydebtsolution.com, who maintains an active role as a Credit Consultant counselli...
User is currently offline
on Monday, 22 August 2011
in In the News

The Globe and Mail ran an interesting story on debt. Have a read and if you think you may need help in your own situation, Our Full Review can be the first step.

The good news on household debt: We know there’s a problem and we’re starting to take action.

The bad news: Still too much complacency and overconfidence.

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logo-footermydebtsolution.com, a division of Fraser Valley Credit Services Ltd., provides consumers all across Canada with effective, private Credit Counselling, Debt Settlement and Debt Management Plans through online, and Toll Free direct services. Since 1987, we have been helping people regain control of their finances and successfully pay off their debts or credit card debt with affordable Debt Management programs and discounted Debt Settlement options to avoid bankruptcy. We are the first government licensed, bonded Credit Counselling and Debt Management service based in BC. read more