Debt Free Living Center:
Quick and simple tips to make
your money go further

How to cancel a credit card in Canada

Canceling a credit card is a simple process.  You need to call the credit card company, and advise them that you would like to cancel your card. The credit card company will ask all sorts…

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How do collection agencies work?

Collection agencies can be used in many ways by creditors in an attempt to collect debt on their behalf. One way is called is called 1st party collections. This is where a collection agency will…

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What is a debtor?

This is an interesting question as the word debtor rarely ever comes up in any conversation. You will hear this term more often than not, in collection agencies, when you are speaking to bill collectors….

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Statute of Limitations

The statute of limitation was put in place to protect people in cases where a debt has either been forgotten about, or it has now been discovered by a creditor after many years have gone by.  …

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What is overdraft protection and should I use it?

Overdraft protection is just another product the bank offers, as a way for individual to pay off an expense that comes through, and they do not have enough money in their bank account to cover…

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Can credit card companies take your home?

If you are a homeowner, and have debt, you might be concerned that your bank or credit card company can take your home away from you, and put your family on the street. Words like…

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How to get a credit card with bad credit?

There are a few options available when trying to get a credit card when you have bad credit. Before you decide that this is a good alternative for you, always  remember on anything you purchase…

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Can I go to jail for not paying credit cards?

I started in the collection industry as a bill collector in the early 90’s. Back then, the collection rules for bill collectors weren’t enforced as much as they are today so you would hear bill…

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How important is credit score?

This is a question we seem to get time and time again. A person’s credit score is important when you are in a financial position and  have job security.  Should you need to borrow money…

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In debt and pregnant at the same time?

Wow, now this is some SERIOUS stuff. Not only are you probably finding it difficult to find a comfortable position so you can sleep at night or trying to make sure you are eating all…

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