Information About David Sklar & Associates Blog

If you’ve fallen behind on your debts, you might be wondering what creditors can actually do to collect their money. Can they take your paycheque? Freeze your bank account? Send a torrent of nasty emails?   In Canada, creditors can employ a wide range of legal actions to pressure you into paying. So … Read more »

Are you a newcomer to Canada saddled with high-interest debts, such as credit cards, personal loans, and payday loans? If so, you may be thinking about filing bankruptcy or a consumer proposal to regain your financial footing. Both programs are open to Canadian citizens, but it’s important to know h … Read more »

When most people hear about a consumer proposal, they think of it as a way to reduce how much debt they owe—and in many cases, that’s exactly what it does. But here’s something you may not realize: even if your creditors require you to repay 100% of your debt, filing a consumer proposal can still be … Read more »

Co-signing a loan for a family member or friend is a nice gesture. The simple act of signing your name on the loan agreement will help them secure the financing they need to buy a new home, attend college, or even move into their first home. However, what happens if the borrower files for bankruptcy … Read more »

When it comes to managing your finances, few numbers carry as much weight as your credit score. This three-digit figure influences your ability to borrow money, the interest rates you’ll pay, and even whether you can qualify for certain rentals or services. Yet, many people don’t fully understand ho … Read more »