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Is there a consensus that covid-19 will bankrupt our children/teenagers?
Who will be paying the most for all the debts that various levels of government are creating? All this money being freely distributed by the federal and provincial governments will need to be paid back and with interests. So it seems to me the younger you are the greater your indebtedness.
- TomLafinsky
- Oct 26th, 2020 9:05 pm
- Forum: Off Topic
- Off Topic
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Oct 26th, 2020 9:05 pm
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Are debt collection agencies committing fraud?
I don't have any debt but I sometimes hear of others with credit card debt that was sent to collections even though they were making the minimum payments on their Home Depot credit card. Do these credit card companies right off the ...
- Consistency
- Oct 21st, 2020 7:52 pm
- Forum: Personal Finance
- Personal Finance
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Oct 21st, 2020 7:52 pm
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SenIor debt
Technically the deposits in banks...do the banks classified it as senoir debt?If not what technically are senior debts...?
- Carymay
- Oct 4th, 2020 4:01 am
- Forum: Personal Finance
- Personal Finance
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Oct 4th, 2020 4:01 am
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Would Every Country / Currency have substantial Inflation to get out of this high debt ?
So as we know govts all around the world have printed so much of money in last 6 months. Now to get off this debt , is it expected that inflation will be there in most of the countries around the around so that govt can quickly increase tax gains and pay debt fast ? Any articles ...
- GujjuCanuck
- Aug 24th, 2020 2:35 pm
- Forum: Personal Finance
- Personal Finance
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Aug 24th, 2020 2:35 pm
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[Other] 2020/09/25 - Virgin Radio "Destroy Your Debt (Win $100K)" ***Starts Aug 31***
Prize: There is one (1) prize (the “Prize”) available to be won, consisting of $100,000.00 CAD, remitted to the winner in the form of a cheque. Prize must be accepted as awarded. How to enter: During the Contest Period, listen to the Virgin Radio local station closest to your place of residence as ...
- toguy
- Aug 19th, 2020 12:01 am
- Forum: Expired Contests
- Expired Contests
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Aug 19th, 2020 12:01 am
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Mortgage refinance debt calculations
Quick question for all mortgage experts out there - If I am refinancing my current mortgage to consolidate debt (say 45k, $30 in Loc/CC, and student loans). my home value is 700k and balance on mortgage is 500k, therefore 80% of value = 560k, and I can get 60k out. When they ...
- ss2020
- Jul 10th, 2020 10:37 am
- Forum: Real Estate
- Real Estate
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Jul 10th, 2020 10:37 am
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Investing : The real story about Canada's debt vs. U.S.
... investment research, I've been reading and watching quite a few articles lately with different opinions about the true state of Canada's national debt vs. the U.S., in terms of percentages: "Debt to GDP" seems to be a popular measure but there's not. Interested to hear your thoughts about the ...
- plat50
- Jun 29th, 2020 4:49 pm
- Forum: Investing
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Impact of Massive Debt on Real Estate
Ok, so now the government (federal and provincial ones) is throwing money left and right. Debt will be massive. So, we know these facts. What will be the mid-term and long-term impact of all this debt on the real estate market? (i.e. interest, taxes, rents, prices, insurance, ...
- Jyelong
- May 18th, 2020 12:40 am
- Forum: Real Estate
- Real Estate
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May 18th, 2020 12:40 am
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Selling your debt to Debt Collector: please share your experience
My tenant owes me 20K. Collecting is a problem.They are ‘self employed’ and generally hide their whereabouts. What do you advise?I’m in Durham region, GTA.Would you go to Small Claims? Or would you sell your debt ? (I don’t know if it’s possible).Please educate. Thanks!
- BelieveMe
- May 2nd, 2020 9:35 am
- Forum: Real Estate
- Real Estate
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May 2nd, 2020 9:35 am
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HELOC and Debt service ratio
Does approved HELOC but not used considered as Debt? Does it affect affordability in getting mortgage for 2nd home? Lets say for example I am on 100K income. My total affordability is 500k I bought house for 200k 5 years back. I still have 300k ...
- bhushh009
- Apr 16th, 2020 12:23 pm
- Forum: Real Estate
- Real Estate
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Apr 16th, 2020 12:23 pm
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- en3rgy
- Apr 2nd, 2020 3:15 pm
- Forum: Wheels and Tires
- Wheels and Tires
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Apr 2nd, 2020 3:15 pm
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Bank of Canada gets authority to buy corporate and municipal debt
... of the Bank of Canada’s policy in the Canada Gazette on March 13 on policies for purchasing securities, that includes the right to buy the debt of companies and municipalities when it is “addressing a situation of financial system stress that could have material macroeconomic consequences.” ...
- mazerbeaner
- Mar 23rd, 2020 9:28 pm
- Forum: Real Estate
- Real Estate
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Mar 23rd, 2020 9:28 pm
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100k in debt and advice please.
... will create a company for me crypto related) went bankrupt(because of a computer hacking) and looks like I am now left with 100k in credit card debts and additional 50k(loss from own savings) A bank in canada closed my account as well for no reason. Please please I need advice, all debts of ...
- satanicdreams
- Mar 11th, 2020 12:07 pm
- Forum: Personal Finance
- Personal Finance
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Mar 11th, 2020 12:07 pm
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Can I pay my tax debt with Mastercard/Visa
HiI'd like to know if I can pay a tax debt to CRA with my credit card? Does CRA accept it?I looked on the CRA site and got mixed signals..it says it sort of does but debit cards....anyways I'd like to be able to use creditcard for points but obviously not pay any fees..thanks
- Charles
- Mar 10th, 2020 3:07 pm
- Forum: Personal Finance
- Personal Finance
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Mar 10th, 2020 3:07 pm
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Toronto boy abducted over stepbrother's $4M drug debt
Toronto police say the abduction of a 14-year-old boy is retribution for an unpaid drug debt owed by his stepbrother. Supt. Steven Watts says the deal in question dates back to the summer of 2019 and involves 100 kg of cocaine with an approximate value of $4-million. ...
- cheapmeister
- Mar 5th, 2020 9:21 pm
- Forum: Off Topic
- Off Topic
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Mar 5th, 2020 9:21 pm