Skip to main content

HOW AVOIDING CREDIT CARD DEBT CAN ACTUALLY HURT YOU!


Avoiding credit card debt can hurt you?  Are you crazy? Avoiding credit card debt is certainly something we always counsel.  We’ve addressed the dangers of credit card debt on several occasions. More recently we’ve discussed the issue of how credit card debt is contributing to the skyrocketing household debt that many Canadians are facing. However, today we’d like to bring to your attention to an instance where avoiding credit card debt can actually be a bad thing! Many fitness clubs and studios give huge discounts if you pay your yearly (or longer) membership up front and in full. Financially, it makes good sense to take advantage of these offers. Typically you have the option of paying by credit card, cheque or debit/cash. Few people seem to pay for anything by cheque these days, with credit or debit being the norm. As you will soon see, paying for these types of memberships with a credit card can be a source of protection for the consumer. Paying for memberships by credit c
http://www.irasmithinc.com/blog/avoiding-credit-card-debt/

Popular posts from this blog

THE HUDSON'S BAY COMPANY EFFECT: OUR COMPREHENSIVE GUIDE ON THE DOWNFALL OF CANADA'S OLDEST RETAILER

  THE HUDSON'S BAY COMPANY EFFECT: OUR COMPREHENSIVE GUIDE ON THE DOWNFALL OF CANADA'S OLDEST RETAILER Ira Smith Trustee & Receiver Inc. 167 Applewood Crescent #6, Concord, ON L4K 4K7 (647) 799-3312 VISIT THIS SITE: https://irasmithinc.com/blog/hudsons-bay-company/ Discover the fascinating story of Hudson's Bay Company, Canada's oldest retailer, and its downfall. With over 350 years of history, HBC was a symbol of Canadian commerce and tradition. However, the rise of e-commerce and failure to adapt led to its decline. Key factors include an extensive real estate portfolio, debt accumulation, and strategic missteps. Introduction to HBC's history Early warning signs and market changes Critical factors in HBC's decline Learn from HBC's mistakes and take proactive steps to secure your business's future. Like, subscribe, and hit the notification bell for more business survival strategies. If you're struggling with debt, schedule a free consultation wi...
Read more

PENSIONS IN BANKRUPTCY: FEDERAL CONSERVATIVE PARTY PROMISE MASSIVE CANADIAN WORKER PENSION PROTECT1ON

We hope that you and your family are safe, healthy and secure during this COVID-19 pandemic. Ira Smith Trustee & Receiver Inc.  is absolutely operational and Ira, in addition to Brandon Smith, is readily available for a telephone consultation or video meeting.   Pension & Bankruptcy in Canada Underfunding is a major concern for traditional, defined-benefit pension plans.  In other words, do they have enough pension assets and therefore enough money to meet their projected future pension obligations ?  Inadequate actuarial assumptions, poor investment returns, and mismanagement can lead to pension plan underfunding .  In the case of corporate insolvency of a large employer with a defined-benefit pension plan , this issue always arises. Underfunded pensions in bankruptcy wind up hurting retirees. The Sears Canada court-supervised liquidation forced us to again focus on the treatment of pensioners in corporate bankruptcies under the Bankruptcy ...
Read more

Published on YouTube: SOCIAL MEDIA DEFAMATION & BANKRUPTCY: A GAME-CHANGER FOR CANADIAN INSOLVENCY PRACTITIONERS

SOCIAL MEDIA DEFAMATION & BANKRUPTCY: A GAME-CHANGER FOR CANADIAN INSOLVENCY PRACTITIONERS THIS BLOG GOES LIVE ON MONDAY, JULY 1, 2024 AT NOON SOCIAL MEDIA DEFAMATION & BANKRUPTCY: A GAME-CHANGER FOR CANADIAN INSOLVENCY PRACTITIONERS Ira Smith Trustee & Receiver Inc. 167 Applewood Crescent #6, Concord, ON L4K 4K7 (647) 799-3312 VISIT THIS SITE: https://ift.tt/hOvWKnN In this video, we're discussing the significant importance of a recent social media defamation case ruling on Canadian bankruptcy and insolvency. In this video, we'll break down the key takeaways and what you need to know to stay ahead of the curve. I discuss a recent defamation case decision from the Ottawa, Ontario Court where Chelsea Hillier faces the repercussions of online defamation as she is ordered to pay damages despite declaring bankruptcy. #SocialMediaDefamation #CanadianBankruptcy #InsolvencyLaw #DefamationLaw #TrusteeInBankruptcy #LicensedInsolvencyTrustee #CanadianInsolvency #BankruptcyAn...
Read more