The amount of unpaid Canadian credit card debt being written off by issuers have reached nearly 60% in the second quarter, compared to the same period last year reported in a new report from Moody’s Canadian Credit Card Index. Credit card delinquency rates rose 23% in the April – June period compared to last year.

Being in debt is pretty much part of everyone’s life nowadays; whether you are paying off a student loan, mortgage, car loan, credit card debt, etc. There are many forms of debt out there and it does take a toll on you.Today I will give you several tips for when you are in debt, and

Sometimes keeping track of your finances just plain sucks. So stop doing it. Here are 7 reasons why you should stop keeping track of your finances. 1. Too Much Effort You work hard all day, you come home to a messy house, you got to feed the kids, take care of the spouse, and walk

On BankNerd.ca there is a series that is dedicated to debt management; there have been several articles that you can find helpful in managing your debt. Today I have a great e-mail from a reader who recently cleared their debt and can’t help but share it with everyone at BankNerd.ca today. “Dear Sensei, I have

There’s a number of resources out in the personal finance realm that can assist you in your quest to determine your financial health. Every so often I’ll come across a website or a post that will help me determine just how good I am doing financially. You have your classic internet financial aggregators, like Mint