Do you know the difference between 'good debt' and 'bad debt?' Here's a generalization.
Bad debt is debt acquired buying something you should have bought for cash had you only had the cash. That's virtually every purchase on your credit cards, your car, the washer and dryer, and 'the toys': hot tub, boat, motorbike, satellite dish, computer, plasma TV, etc, etc. All this stuff, if bought on credit, is costing you a fortune in interest charges, while the stuff you bought is rapidly depreciating. So that's bad debt.
Now good debt is an RRSP loan (you get savings for retirement and a tax break), a student loan or business loan (because these are helping you improve your life), a mortgage to buy your house (a form of saving), borrowing money to invest like a GIC.

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Contact K & G Debt & Credit Professionals

Take your first step towards financial independence and freedom from the stress of debt. Contact K & G Debt and Credit Professionals with any questions that you may have about your debt situation or our programs.

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Did you Know?

Credit Report Repair

The following information on how to repair inaccuracies on your credit report is provided on the Equifax website along with additional information that may be helpful.

Relevant information is also provided on the TransUnion website.

First you will need to complete a Consumer Credit Report Update Form.
Once complete begin by contacting Equifax.
Telephone Equifax at:
1 800 465 7166 between 8:00am and 5:00pm ET
Write to Equifax at:
Equifax Canada Inc.
Consumer Relations Department
Box 190 Jean Talon Station
Montreal, Quebec
H1S 2Z2

Learn more on Credit Report Repair