Debt Solutions

By: Jasmin Brown Licensed Insolvency Trustee, BDO Canada Limited

Jasmin is a Senior Vice President with BDO and works out of the Saskatoon office. Jasmin received a Bachelor of Arts in Spanish, a Bachelor of Commerce in Accounting and a Masters of Professional Accounting from the University of Saskatchewan. 

She is a Chartered Professional Accountant, a Licensed Insolvency Trustee and a Chartered Insolvency and Restructuring Professional

BDO First Call Debt Solutions 147-15th  Street East Prince Albert S6V 1G1  
Phone: (306) 765-3328 or 1-855-220-1705     
https://debtsolutions-princealbert.ca/

 

How to Reduce Debt with These Back-To-School Savings Tips

July 11, 2018 - 4:28pm

You may think that back-to-school shopping and reducing debt at the same isn’t possible, but what if I told you there are ways to make it work?

Even though Canadian families spend a lot of money when kids go back to school — an average of almost $900 per household — it is possible to save and put more towards reducing your debt load simply by spending less and shopping more carefully for what you need.

So, how can you go about spending less on supplies for your kids as they return to school in the fall?

Is It possible to Travel and Pay Down Debt Too

June 28, 2018 - 11:01am

Sometimes, planning a trip can seem impossible when you’re carrying debt.

A lot of Canadians have money on their mind. Following multiple interest rate hikes, many debts, like credit cards and lines-of-credit, have gotten more expensive to repay. Plus everyday expenses continue to go up. And while some people think you shouldn’t travel at all if you have debt or pressing expenses, there may be ways to still get to travel without adding to your debt.

How to Prioritize Debt After Graduation

June 15, 2018 - 8:04am

Many important life decisions come after graduation; what job to take, where to live, and let’s not forget how or when to repay those student loans.

According to our 2017 Student Debt Poll, two in three Canadian graduates finished college or university carrying student debt. Here’s some advice for all of you recent grads looking for ways to deal with and prioritize your student debts:

Debt Relief: Knowing and Understanding Your Options

May 28, 2018 - 11:10am

Debt consolidation, debt management plan and consumer proposal may be terms that are not familiar, but they should be if you need help with your debt. That is what a Licensed Insolvency Trustee (LIT) is here for; to help you understand the debt relief options available.

Here is a quick overview of some available solutions to help you understand your options, and how you may be able to apply them to your debt relief plan to make your debt more manageable and help you avoid bankruptcy.

How Can a Licensed Insolvency Trustee Help Me?

May 14, 2018 - 12:55pm

You might have heard the term Trustee, or LIT before, but are unsure exactly want an LIT does.

A Licensed Insolvency Trustee (LIT) is a financial recovery professional, licensed by the federal government, to assist individuals and businesses with their debt problems. LIT’s fees are regulated by the government and they are the only professionals that can file a consumer proposal or a bankruptcy on your behalf.

But, what does all of this mean?

How to Repair Your Credit Rating After a Bankruptcy

April 19, 2018 - 9:52am

Declaring bankruptcy is a decision that not only affects your finances, but also the health of your credit rating. However, bankruptcy is also an opportunity to start fresh and re-establish good financial behaviours. Whether you have recently completed the bankruptcy process, or are about to go through it, knowing what steps you can take to rebuild your credit afterwards can be helpful. Here is what you need to know:

What are the effects of bankruptcy on your credit rating?

How to Reduce Debt and Still Have an Awesome Spring Break

March 27, 2018 - 12:07pm

Did you know that parents of young children are carrying the most debt? According to a Global News poll, Gen X parents are the ones carrying the highest consumer debt in Canada. They are also the most likely to be holding the largest mortgages and paying exorbitant childcare costs. With interest rates continuing to rise, parents of school-age children may not be as excited about spring break, worried that this extra spending may actually break their bank.

Kids and Money: How to Improve Their Financial Literacy

March 15, 2018 - 7:47am

Do you remember where you learned to manage money and debt? As financial literacy is not a topic that is always taught in schools, you most likely picked up your budgeting and financial skills from your parents. So, as a parent, are you teaching your kids about money?

Providing your children with the proper tools and resources will help them become financially responsible adults as they will be more comfortable in dealing with finances as they get older. Here are some financial literacy tips for all age groups to help parents introduce their kids to financial responsibility:

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