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Are You Getting Garnished?
Garnishment is a legal process that allows a creditor to collect money from a debtor’s wages or bank account. It’s a last resort for creditors when the debtor has failed to pay their debt. In this blog post, we’ll discuss what garnishment is, how it works, and what you can do if your wages or…
Financial MythBusters – The Truth About Tax Brackets
Myth #1 – “It’s not worth it to move into a higher tax bracket as I will make less money!” Welcome to one of our Financial MythBusters blogs. This is David Senft here at Debt Medic and I wanted to do this particular topic today, as I do here from time to time with different…
Press Release
GUELPH, Ontario, Aug. 10, 2022 (GLOBE NEWSWIRE) — Experior Financial Group Inc. is pleased to announce a new partnership with Debt Medic. Having worked with Debt Medic to provide support and solutions for clients who had serious debt issues for the last few years, Experior has made a purchase of a 20% share into Debt…
Bankruptcy Should be the Last Choice for Most People – Here’s Why
While most people believe they never want to file for bankruptcy, they don’t actually know why they believe this. While bankruptcy is right for some people there are many people who should take advantage of other alternatives. In this article, we are going to discuss some of the reasons why bankruptcy should be your last…
How to Get Your Credit Score and Credit Reports for FREE in Canada
There are 2 main credit reporting agencies in Canada: Equifax & TransUnion. Each of them provides different services and options for free information as well as paid subscriptions. We have found that there are 3rd party services that will provide you with FREE Credit Scores and Credit Reports for both of these services. You should…
What kind of DEBTS can be reduced?
A common question we get at Debt Medic is what kind of debts can we help people get reduced and included in our program. This is not meant to be a complete list of debts but should cover most of the main debts that people have. First, let’s look at the types of debts you…
Less Stress Vehicle Payments
In our experience, most people get a vehicle that is far too expensive for their budget. Just because a bank or dealership says you “qualify” does not mean that you can make it comfortably fit into your budget. Remember you still have to pay for insurance, fuel, and ongoing maintenance. Try to save some money…