Debt Consolidation & Counselling Archives

How do Consumer Proposals Compare to Debt Consolidation Loans?

Nov 16, 2020

Consumer Proposals are an increasingly popular choice for Canadians seeking to better manage their debts. Known for affordable monthly payments and flexibility, a Consumer Proposal can have many benefits over choosing to consolidate debt with a consolidation...Read more

3 Things You Should Know About Debt Consolidation

Oct 6, 2020

Debt consolidation is often one of the first options people consider when facing debt management decisions, especially for dealing with credit card debt. Many consumers aim for a consolidation to simplify monthly payments, and hopefully even lower the monthly...Read more

BC Consumer Debt Help: Do You Know Your Consolidation Options?

Sep 28, 2020

In the most recent annual BC Consumer Debt Study undertaken by Sands & Associates, roughly 30% of indebted consumers polled said they waited to seek professional debt help because they didn’t know where to seek it – and over 35% of people who later...Read more

Small Business Debt – Basics, Challenges & Solutions

Jun 19, 2020

In BC virtually anyone can become self-employed and take a shot at being their own boss – unfortunately, there’s no handbook explaining the financial ins and outs. Given the difficulties of starting and maintaining a successful business, it’s no...Read more

Debt Management Tips to Help Navigate the COVID-19 Crisis

Apr 3, 2020

As Licensed Insolvency Trustees serving the entire province, the debt help experts at Sands & Associates are no strangers to assisting individuals and businesses in overcoming challenging financial situations – we aid thousands of BC residents each year...Read more

The Truth About Legal Debt Help Options – Myths Debunked

Feb 26, 2020

As a licensed debt help professional, some of the saddest words Licensed Insolvency Trustee Blair Mantin hears are “I didn’t know I had any options”. Like many complex areas of consumer legislation and laws – what you don’t know can hurt...Read more

What’s the Difference Between Credit Counselling and Consumer Proposals?

Dec 5, 2019

At a first glance credit counselling programs and Consumer Proposals may sound much the same. Although there are some similarities between these two debt consolidation options, there are also some key differences to understand. Read on for an overview and...Read more

Paying Off Credit Card Debt – 3 Problems to Avoid

Nov 19, 2019

With over 75 million credit cards in circulation across the country, it’s clear that the average Canadian is enjoying the convenience of credit card use - unfortunately that convenience can come at a big cost. Vancouver-based Licensed Insolvency Trustee...Read more

How Does a Licensed Insolvency Trustee Get Paid?

Sep 11, 2019

If you’ve been considering debt management solutions, you’ve likely discovered that there are several options available. You may also have learned that in Canada only one type of debt help professional is legally empowered and endorsed by the federal...Read more

4 Ways to Pay Off Credit Card Debts

Aug 19, 2019

With every major bank and big retailer offering consumers a credit card, it’s no surprise that most Canadians have at least one credit card in their wallet. While credit cards can be convenient, not paying your balance in full each month can accumulate a...Read more

An Overview of Wage Garnishment in BC

Jun 24, 2019

Wage garnishments or seizures are an extreme collection method that creditors may use to recover money owed to them. Facing a wage garnishment can be incredibly stressful and overwhelming, and many people don’t know what their rights and remedies are in the...Read more

What You Need to Know Before Consolidating Debt

Jun 10, 2019

First off – what do we mean by ‘debt consolidation’? Debt consolidation is a term that you hear a lot, and it typically means that you combine all of your debt into a single monthly payment, rather than paying each of your debts separately each month....Read more

Comparing 5 Debt Solutions – Pros and Cons to Consider

Apr 15, 2019

Every day Licensed Insolvency Trustees help individuals and businesses assess their debt options. We understand that most people feel stressed and pressured to find a solution, and often don’t know where to start evaluating or even what their options might...Read more

Why Financial Advisors Need to Know a Debt Expert

Feb 21, 2019

“Knowing is not owing” isn’t just good advice for those in debt; if you’re a specialist in the financial industry, here’s why you should have a Licensed Insolvency Trustee (formerly called Bankruptcy Trustees) within your professional...Read more

What’s the Difference Between Credit Counselling and Debt Consolidation?

Feb 11, 2019

One of the first debt management tools most people research is a debt consolidation loan. Another debt solution that is a type of debt consolidation is a credit counselling program, often known as a Debt Management Plan (“DMP”). Although both options can...Read more

What’s the Difference Between Credit Counselling and Bankruptcy?

Nov 5, 2018

This installment in Sands & Associates’ “Ask a Licensed Insolvency Trustee” series compares some of the main differences between credit counselling programs and personal bankruptcy. Q: What’s the difference between credit counselling and...Read more

What’s the Difference Between Consumer Proposals and Bankruptcy?

Sep 24, 2018

This month’s edition of Sands & Associates’ “Ask a Licensed Insolvency Trustee” series breaks down three key differences in bankruptcy versus Consumer Proposal. Q: What’s the difference between Consumer Proposals and bankruptcy? Although they...Read more

4 Times Bankruptcy may be a Better Debt Solution than a Consolidation Loan

Sep 4, 2018

Many people considering debt restructuring first turn to debt consolidation loans and think of personal bankruptcy as a ‘last resort’. Here are four types of situations where filing a personal bankruptcy can actually be a better solution than a...Read more

How Much Does it Cost to File a Consumer Proposal?

Aug 20, 2018

Ask a Licensed Insolvency Trustee! Award-winning BC Licensed Insolvency Trustees Sands & Associates answers questions about debt help, including personal bankruptcy and Consumer Proposals. Q: How much does it cost to file a Consumer Proposal? A: The...Read more

What Debts will a Consumer Proposal Settle?

Aug 13, 2018

Many people don’t know that they can consolidate almost all their debts in a Consumer Proposal. Unlike traditional or non-profit credit counselling programs, Consumer Proposals can even be used to deal with debt owing to Canada Revenue Agency (CRA),...Read more

Write-off Debt Without Bankruptcy: Learn about Consumer Proposals

Jun 4, 2018

In Canada there is a legal debt solution besides bankruptcy which offers many benefits - a Consumer Proposal. Although Consumer Proposals are not a new debt management tool, discovering that debt relief is possible without having to file bankruptcy is a...Read more

How Does Debt Management Affect Credit Ratings?

May 14, 2018

Award-winning Licensed Insolvency Trustees Sands & Associates answer commonly-asked questions about debt help in BC. Q: How does debt management affect credit ratings? A: There are several possible debt management options available to consumers,...Read more

3 Types of Debt Consolidation in Canada

Mar 5, 2018

Many people find it’s difficult to pay off debt when they are juggling multiple creditors and debt payments monthly, each with their own set of fees and interest charges. If debt consolidation is a debt management tool you are considering, you may be...Read more

What Debts Can a Licensed Insolvency Trustee Help With?

Feb 19, 2018

BC Licensed Insolvency Trustees Sands & Associates answers your questions about how to get out of debt using options such as debt consolidation, Consumer Proposals, and personal bankruptcy: Q: What kind of debt can a Licensed Insolvency Trustee help...Read more

Global News: “I’m in debt. Now what?” – 5 Options to Get Out of Debt

Dec 11, 2017

One of the biggest challenges people face when they find themselves in debt is not knowing what debt options exist to solve the problem. Sands & Associates Vice-President and Licensed Insolvency Trustee Blair Mantin recently joined Global News BC and...Read more

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