Loans and Collections: How to Spot a Scam

For most people with an outstanding debt that’s been on their balance sheet for some time, one of two things will happen. Either they will take a proactive stance on eliminating their debt via consolidation, with an affordable credit¬†rebuilding program or possibly a GIC, or…

Minimum Debt Payment: Changing Credit Behaviour

Any credit card, loan, or other financial product with a long term or revolving repayment – such as a financing agreement – will have a minimum monthly payment. Meet this minimum, and your payment is recognized – without penalty or repercussions against your credit score….

Ontario Rolls Out Financial Literacy Pilot Program

After petitioning local officials late in 2016, Ontario students in Grade 10 and up will score a victory for their financial literacy preparedness with the launch of a new pilot education program by the provincial Ministry of Education.¬† Students’ financial expectations are increasingly at odds…

So You’re Debt Free – What Next?

With hard work, perseverance, ingenuity, and help from the right groups of support and advice, we can eliminate the pressure of debt in our day to day lives. For many individuals, the road to eliminating long-term debts and all of their negative effects on personal…

Unexpected Financial Hardships: How To Cope

Despite our best efforts at financial planning, unexpected financial hardships may arise that make loans or credit that we expected to be able to pay back regularly and on-time simply unmanageable – be it for a short period or a longer one incurred due to…

What Surveys Really Say About Financial Literacy

In a newly released Financial Capability study, American investigative body FINRA came to some rather disheartening conclusions about our neighbours to the south. The study, designed to establish a more accurate demographic picture of trends in financial recovery since the 2008 recession, to analyze patterns…

The Best Ways To Use Your Tax Refund

April brings with it showers, as the song goes, but also an inevitable part of the personal finance journey: filing one’s tax information with the CRA for the year. The last weekday before this year’s deadline is the 29th: mark it on your calendar! And…

Personal Finance Blogging – A Beginner’s Guide

Financial independence and better living are not instantaneous achievements – they are journeys. And like any journey to personal improvement, staying on track can be a challenge. It takes dedication, focus and drive to achieve your financial goals. It can also be hard to focus…

BC Payday Loan Use Rate Now Highest in Canada

As hometown British Columbians, Progressa loves to show off our BC pride. We often have cause to celebrate, coming in the form of studies and polls that consistently rank our province and the cities we live in as some of the best in the country,…

Personal Finance Adapts to an Aging Demographic

Though much of the discussion surrounding personal financial education and long-term planning has centred on the development of sound money management principles in a generation of tech-savvy youth, consideration must also be given to the financial needs of an aging demographic. Statistically, Canada is one…