A HELOC (home equity line of credit) can be a useful tool for paying off credit card debt, as it often has a lower interest rate and a long repayment period. Using a HELOC to pay off debt comes with ...

According to 2019 data from the Bank of Canada, 90% of Canadians own a credit card (1). However, only about half are able to ...

Several different strategies can help you get out of credit card debt — from payoff plans like the avalanche and snowball methods to consolidation products like balance transfer credit cards and ...

Credit cards may be one of the most popular ways to make a purchase, but a line of credit could help you save money on interest and make it easier to handle your payments. Credit cards can be ...

Having any credit card debt can be stressful, but $10,000 in credit card debt is a different level of stress. The average credit card interest rate is over 20%, so interest charges alone will take up ...

Q: I have no trouble charging stuff on my credit cards, but paying them down, never mind off, I seem to be going nowhere fast. I feel like I’m missing something, some inside scoop no one ever told me.

Q: My son has been struggling to get his credit cards paid off so that he can afford to move out. He’s in his twenties and has a decent job, but life is expensive. I can’t afford to loan him any money ...

Struggling with credit-card debt in retirement? Before dipping into your RRSP or RRIF, here’s what to know about taxes, benefits and alternatives. Should you cash out some of your RRIF monies to pay ...