A fixed income like a government pension, often leaves very little budgeting room for any extras, especially debt repayment with interest. Your golden years should be a relaxing time in your life, but financial distress may be blocking your path to worry-free retirement. What can you do when you are in debt and your retirement dollars are stretched too far?
Understanding Student Loans is an important step to getting out of debt. For borrowers who are in financial distress, an insolvency solution such as a bankruptcy or consumer proposal, may be the best way to get back on track. Here is what you need to know about student loans and insolvency options.
Sorting through the many debt consolidation and restructuring options available to Canadians can be a real challenge. Stress-levels are high, money is tight and your hard-earned dollars should go to the program that will best help free you from debt. So how do you know which program will provide the relief that you need?