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Helping Canadians Understand Their Money & Personal Finance since 2005 BLOG

what is health insurance 2
- Posted October 24, 2009 by Monty Loree
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What is Health Insurance?

This is a general term for insurance against loss by sickness or bodily injury. It typically includes coverage for expenses such as doctor visits and hospital stays, and can cover normal and preventive care such as check-ups, prenatal and baby care. Health insurance can be made available to individuals and families. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. It may be provided through a government-sponsored social insurance program, or from private insurance companies. The plan can be customized to suit the unique needs and the premium payments are treated as medical expenses under the Income Tax Act. Therefore a small business owner will receive a tax deduction while his employees will get a non taxable benefit.

Canada's national Health insurance program, often referred to as "Medicare", is designed to ensure that all residents have reasonable access to medically necessary hospital and physician services, on a prepaid basis. Instead of having a single national plan, they have a national program that is composed of 13 interlocking provincial and territorial health insurance plans, all of which share certain common features and basic standards of coverage. Canada's regionally based Medicare systems are cost effective partly because of their administrative simplicity. One of the most important things you need to do as soon as you arrive in Canada is to apply for a health insurance card.

All members of the family, including newborn babies, must possess their own card. The application form can be obtained from the provincial ministry of health office, any doctor's office, a hospital or a pharmacy. If necessary, the immigrant-serving organization in your area can help you fill out the form. To apply for a health card, you will need your birth certificate or Confirmation of Permanent Residence and passport. The permanent resident card may also be presented. In most provinces, you will receive coverage as soon as you apply.

There are a few companies in Canada that offer Visitors to Canada Health Insurance at a reasonable price and one such company called Expert travel financial security stands out far above the rest with a superior product, at an excellent price, and a very good service. This insurance is purchased by the day, and is available from 1 to 365 days. The premium is payable in full at the time of purchase. Any visitor to Canada for any reason - recreation or work, regardless of his status, on a work visa or with landed immigrant status, and covered or uncovered by one of the provincial healthcare plans, or awaiting coverage, a Visitors To Canada Health Insurance plan may provide the coverage. Visitors to Canada Health Insurance is intended to cover all or part of the costs associated with medical issues that are sudden and unexpected. They may not provide coverage in some circumstances like engaging in professional or dangerous sports, acts of war, etc.

An Added advantage for the Canadians is they can access the various health programs anytime and from any part of the country without any hassles in a cost effective manner.

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what is car insurance 3
- Posted October 24, 2009 by Monty Loree
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What is Car Insurance 2?

Be it in the country of Canada or any other place, insurance for your car is very important. The rates of the car insurance may be quite high. So here are a few tips to keep your insurance rates for your car as low as possible. The first thing to do is to shop around. This is the only way in which you will know of the best insurance that your car can get. The next thing if you have more than one car is to make sure that all the cars that you own are on the same type of policy. Most of the companies for car insurance will offer you with a discount for multi vehicles and this can go all the way up to fifteen percent which is not a small amount. By doing this you can save a lot more money than you think of. Insuring your home as well as your car with the same policy is an idea that is equally great. If you have old cars then you can also think about dropping down the collision coverage.

Make sure that you purchase collision coverage only if you think it may prove to be useful in your case. Because the older the car the deductible insurance also is low so if you do spend a lot on this collision coverage then you will be wasting your money. Driving carefully is the most important thing when it comes to car insurance. If you have a bad record of driving then the insurance premiums are generally higher. The rates of insurance for your cars are based on the history of that car. Cars that are most likely to be stolen or those cars that have been known in accidents are all those for which you will have to pay higher insurances. So make sure you drive a low risk car both for your benefit as well as for money saving.

If you are in Canada and you drive to work then the insurance rates for your car will be higher. This is because the more you are on the road, the more are the chances of you getting into accidents. If you are new to the field of driving and if you have undergone an approved driver training course then you get a discount on your car insurance. Having extra theft protection for your car will get you a discount on your insurance for your car.

All the drivers in the country of Canada will have to have at least a minimum of about $200, 000 for the third party liability coverage. This is to cover the injuries to any other person or their property when you cause an accident in the traffic. Each and every province in the country of Canada will need the drivers to carry coverage for their very own expenses when it comes to medical terms and also loss of income that results from any sort of injuries relating to driving.

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What is Cash Advance?
- Posted October 24, 2009 by Monty Loree
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What is a Cash Advance?
If you are in the country of Canada and are facing a problem like cash crunch to the end of the month, you do not need to fret about the situation. Here is a solution that may prove to be useful in most of the cases. The option is to get a cash advance loan so that you can overcome the financial emergency of yours. This can be your savior in Canada. You can pay all your bills with no money in hand with cash advance in Canada. These loans are also available online to help solve your problems. So how will this be able to help you. This will transfer money to your account. This may however take a few hours or sometimes gets done in a matter of minutes.

These are all payday loans that range from about $1000 to $1500 dollars that are generally given to lend out for all those who need money for a short period of time. You will need to qualify for these loans and you will not simply get them. The qualification for this is very easy. An employment proof and a drawing of salary is all you need to qualify for this loan in Canada. This may prove to be really helpful especially towards the end of the month when your pockets are almost empty. There are no more formalities to this. A onetime fee is one thing that has to be paid when the lender gives back the money from the one who borrowed it from him or her.
In Canada these advances are very useful in situations of emergency.

You will never know when crisis may strike you in the form of accidents or even sickness and this is when these loans do come in handy. Do not ever over use these loans as they might put you in trouble. On the other hand there are also people who prefer only to pay the fee for this advance and then keep extending the amount for the loan. This also means that over some period of time the fees from this advance can add up to a great amount that is more than the loan itself. So keep in mind that you do not unnecessarily take these cash advances unless you are really facing a crisis situation and need some cash very badly. Even if you do take a loan, make sure that the loan is paid back without having to extend the time period by which it has to be paid.

You can also get these cash advance in the country of Canada by applying through the internet. There are a number of lenders who will be able to lend you money that comes quick with requirements that are really simple. With these online applications in this country you will not need to get out of your home or office to apply for this loan. You can simply fill an application online and then submit it with all the details and wait to get a loan.

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what are foreclosed homes
- Posted October 24, 2009 by Monty Loree
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What are Foreclosed Homes?

When a home owner who has taken a mortgage is unable to repay his mortgage, the bank that holds the mortgage can foreclose the same after moving the court. It can sell or auction off the home to recover its initial mortgage outlay. Such homes whose mortgages are foreclosed are called foreclosed homes. But this is an extreme step taken only when the home owner is unwilling or unable to meet his obligations even after repeated warnings and grace period. Such foreclosed homes make for attractive buys for people with limited budgets and good credit history. However a buyer looking at a foreclosed home still has to pass the background check, have good credit rating and also should consult a lawyer to ensure that the house is encumbrance free. Better to look for any problems than face any unpleasant surprises at a later date.

Due to the technological developments in the last couple of decades, we in the developed world take the internet for granted and do most of our transactions online, whether work or pleasure. To facilitate viewing of foreclosed homes by people who might be interested in them, the Canadian Foreclosure Sales Inc. has created a database of all such homes that are up for sale across the country. This entire database is available online at the click of a button to anyone anywhere looking to buy property in these parts.

Until recently such listings were ambiguous � they did not specify if a sale was court ordered or not. People had to scroll through thousands of listed residential and commercial properties before identifying ones that may be available at bargain prices due to a court order. But with this initiative that has made a foreclosed homes database available online, everyone is happy. The Canadian National and Provincial government and financial institutions have welcomed and felicitated this effort. This database has speeded up the process of sale of distressed real estate by reaching out to millions online, virtually free of cost and cutting across geographical borders.

Also this database enables the interested prospective buyer to keep track of the home he has interest in by its Listing Tracker. Since this is a national database, people from across the country put up their lists on the site. So for someone wanting to buy real estate at bargain prices, this is a one stop shop, with listings from across the country. This is now the preferred go to site for national listings of distressed court ordered sale of real estate in the country. Foreclosed homes make a sensible buy though some have turned it into a lucrative business. As the listing is done online, you can also avail the services of a mortgage broker or mortgage calculator too free of charge. This is just to speed up the process in cases where the interest is genuine. Thus such distressed properties make sound economic sense though one should evaluate them carefully before signing up and buying them.

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what is debt consolidation contd
- Posted October 19, 2009 by Monty Loree
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What is Debt Consolidation?
It is not uncommon to come across people who borrow money. In fact most of us borrow money at some point in our lives whether it is from a financial institution or from a friend. When we borrow money, it is important that we return it back on time. And when we are not able to do so, most people tend to borrow more money to repay the old loans. The process of borrowing money or taking a loan in order to repay other loans is referred to as debt consolidation. The concept of debt consolidation is very common in many countries, especially in Canada. Most people here borrow money so that they can pay off their older loans. This is mostly done in order to secure a fixed interest rate or to secure a lower interest rate or to achieve the convenience of having to serve only a single loan.

Many people do this in order to have just a single payment to make every month. For example if you have a loan to pay off on four credit cards, then you might borrow a loan big enough to repay the loans of all the four credit cards so that at the end of it all you will have to make only one payment every month. Some people find this a more easy way to make payments. The reason for this is that you will know exactly how much to pay every month and this makes budgeting easy. Also, by consolidating all your loans, you will have to pay a lower amount as interest on the borrowed money. This is because these loans have a lower interest rate when compared to unsecured loans like credit card loans. And these loans also have an extended period over which one can repay the loans.

In Canada, there are several agencies which will help you consolidate your debt. These agencies have a debt consolidation team. What these people do is they will negotiate with the people who have lent you the money and try and reduce the interest rate and the monthly payments. They will also ask them to increase the duration of time so that you will have a longer period to repay the loan. And after doing this, the counsellors will give you tips on how to keep yourself from getting into another debt. They will help you budget your money.

Like everything else, even debt consolidation has its disadvantages. Some people are scared to risk everything and wonder if it is worth it to risk their house. Only when you are confident that you can repay all your loans should you go in to consolidate your debts. Another disadvantage is that you will be paying off your debt for a longer period of time than usual. Though in some cases this might come in as an advantage, in some others it is not. So whatever it is, think carefully before taking any decision and weigh the pros and cons of it.

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what is disability insurance
- Posted October 19, 2009 by Monty Loree
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What is Disability Insurance?

We humans can never predict when a tragedy, calamity or accident may befall us as we live in an uncertain and unpredictable world. Our only recourse is to insure against any unforeseen and unfortunate circumstances like death, accidents, and disabilities arising out of such accidents. When one is the sole bread winner of the family and gets involved in an accident, he has to find a way to support his family in case of such accidents and any disabilities resulting from them. Such insurance is called disability insurance. In most developed countries, such disabilities are provided for in the social security programs by the government. Or it may be provided by the employers in case of heavy machinery involved in their employees� jobs as a matter of routine. Also in huge industries labor unions provide for such exigencies. In Canada all such benefits are tax free till the person goes back to work.

Mostly such benefits are not large but enough to just sustain the family. The disability insurance provided by the state cannot be used to comfortably live off, but serves as a safety net apart from other insurance policies an individual may have. The second most comprehensive insurance against disabilities comes from the employers as it is in their own interests to have their workers insured against getting hurt on the job. The principle is similar to that of a car owner having third party insurance, where you are liable for someone else�s injuries.

Also a company provided insurance may cover temporary disabilities too, not just permanent ones. If an employee is hurt on the job, the organization may pay him for medical expenses and to sustain himself and his family till he is able to go back to work and fend for himself. Even if the worker gets hurt or falls ill away from the job, most organizations do support the worker till he can get back on his feet and this is done with the help of group insurance for the employees provided by the company. Thus disability insurance is as vital as any other insurance to an employed person to keep his income uninterrupted in case of accidents.

There are plenty of service providers in Canada and it is the policy buyer�s responsibility to check out all available offers for disability coverage and choose the one with the best possible coverage and a reasonable premium. Under Canadian law, though a non-cancelable policy costs a bit more, it has to be honored by the insurance company, while with a cancelable policy the company has the option of increasing the premium or canceling your disability insurance policy for non-compliance. Before selecting the service provider and the insurance package, take the time to study and evaluate details like availability of occupational discounts or preferred premium classification. Also calculate the elimination period (how long till you start receiving monthly benefits) and the benefit period (how long you will receive the monthly benefits) as these factors along with the amount of monthly benefits determine your premium.

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30 Personal Finance Questions for Canadians
- Posted October 31, 2008 by Monty Loree
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30 Personal Finance Questions

In order to start a discussion about our upcoming Personal Finance teleseminar I went out and gather over 500 questions about personal finance that people have asked on the internet.

    I am posting 30 of them here:
  • Will the bankruptcy stop bill collectors from calling?
  • How long after filing will the creditors stop calling?
  • Who notifies the creditors and bill collectors?
  • Who deals with my creditors and bill collectors during the bankruptcy?
  • Will my employer and landlord find out about my bankruptcy?
  • Can my employer fire me for filing bankruptcy?
  • My employer filed bankruptcy. How do I get paid?
  • What should I do to prepare for filing bankruptcy?
  • Are there alternatives to bankruptcy?
  • What is the "automatic stay?"
  • My creditors ignored the automatic stay. What do I do?
  • Will the fact that I filed bankruptcy appear on credit reports?
  • After bankruptcy, can I obtain new credit?
  • How can I re-establish my credit rating after bankruptcy?
  • How do I report a bankruptcy crime?
  • How long does a bankruptcy stay on your credit report?
  • What percentages of Australian people go bankrupt?
  • After bankruptcy what are the steps and timeframes to building good credit?
  • What is the difference between a bankruptcy and a bankruptcy with repossession on your future credit ratings and loan possibilities?
  • What banks allow you to get a checking account if you have filed bankruptcy?
  • How long after you go to bankruptcy court can you get a car loan?
  • How long do you have to wait to file bankruptcy again?
  • Does bankruptcy protect a primary home AND A RENTAL?
  • When do I get relief from creditor harassment?
  • Who knows about my bankruptcy case?
  • How do I know if I should file personal bankruptcy?
  • Is filing personal bankruptcy immoral or does it make me a bad person?
  • How do I choose a bankruptcy attorney?
  • Can I get rid of student loans or tax debts?
  • Can I get credit after filing personal bankruptcy?

I'll post more of these 500 questions as the days go by.

In the meantime, we are starting to develop a 12-15 session personal finance teleseminar which will be held in February 2009.

If anybody has personal finance questions that they would like answered by Canadian experts please let me know.

There are alot of questions here regarding bankruptcy. I went onto the internet and started looking at all of the questions I could find. I was amazed by how many questions people are asking.

They're obviously very concerned about their financial well being and what the implications are of bankruptcy.

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The Credit Crisis: I can't watch anymore of this!
- Posted October 28, 2008 by Monty Loree
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The Credit Crisis: I can't watch anymore of this!

I've been watching the credit crisis, and how it's talked about on

The U.S. government is solving the credit crisis by adding more credit to the market place. They want the creditors to be able to lend more money to consumers!

Is it just me, or does that seem to be continuing and growing the problem.

It seems that this economy is based on credit, credit, credit. We can't get away from it. The governments won't allow us to use cash. They want people to buy things using credit. That's why they're giving the banks more money to lend to consumers. What kind of example is that.?!!

Note: Credit of and by itself isn't evil. It's a tool for individuals to use as a convenience if they have enough cash to pay off their credit cards in full each month. The problem in the U.S. is far beyond that point.

Where does the credit problem stop, and the economic credit repair begin? When are individuals supposed to learn that using credit imprudently is bad.?! When are individuals supposed to learn that saving up money to buy things is good?!

How are we supposed to learn those things if the government is still sending out a strong message to us that credit is the way to keep the economy going?

I understand that if people started to pay down their credit cards properly and save money properly that the economy would go into a depression for a long long time. Should you do the right thing and take care of your own personal economy, or should you look out for the economies of the big corporation?

All I can see happening is that the big companies are getting bailed out. The individual is not getting bailed out. According to personal bankruptcies are on the rise:
Personal bankruptcies filed in the federal courts totaled 934,009 (U.S.) from June 2007 to June 2008, up more than 28 percent from the 727,167 petitions filed in the same period a year earlier, according to the latest figures from the Administrative Office of the U.S. Courts.

The reasons for the sharp uptick? Rising consumer debt coupled with the mortgage meltdown left many consumers saddled with too much debt, Williams explained, and an increasing number turned to bankruptcy protection.

So the governments are still going to give consumers more credit even though they have too much already. When do we get to learn the lessons about prudent credit use.?!!

This is my fear... if we continue to "repair" the debt laden economy with more credit, the economy is going to crash and take much longer to repair, then if we just let things crash now and get into repair mode now.

If we start paying down credit cards, and saving money like we should, this will take money out of the economy. It reduces debt and "parks" the money in bank accounts. This would repair our individual balance sheets. This is bad for the economy because we're not spending at the retailers.

This prudent activity on behalf of the individual would throw many retailers into bankruptcy.

Is this the right thing to do? YES!!! It's always a good idea to pay down your credit cards, and save up a healthy cash reserve. This is fundamentally the way it should be. Even though this type of activity would throw the economy into a tail spin.

If the current economy is built on credit, then in my opinion, we need to correct this. The economy would serve us better if it was built on fundamentally sound principals such as pay with cash. You can never go wrong if you pay for items with cash. The economy will never crash if you pay cash for your purchases.

I hope we don't have to learn the very hard way.!

Oh Yeah..
U.S. may aid GM-Chrysler deal - Isn't the U.S. about free enterprise. If your car companies aren't making enough money, shouldn't they fail like every other company.? I don't even want to talk about it!!

This article is about:
What is the credit crisis about?
Are we having a credit crisis right now?
How can I learn about the credit crisis?

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Reporting Identity Theft in Canada
- Posted October 28, 2008 by Monty Loree
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Reporting Identity Theft in Canada

While so many of us cannot imagine having our identities stolen, it is an unfortunate reality for millions of people around the world every year. If you have the bad fortune to be a victim of identity theft, there are several things you have to do right away. There are agencies to whom you have to report the crime in order to protect yourself and make it possible to catch the criminal. These include:

  • Your credit card company. Call the toll-free number immediately, at any time, to report your card stolen. This will allow the credit card company to monitor your account for unauthorized activity, and it will limit the liability you may carry for t hose charges. They may need to cancel your account and issue you new cards.

  • Contact your credit bureau. You only need to contact one of the three major credit bureaus. Tell them what has happened, and ask for a fraud alert to be placed on your credit file. This will let them know to be alert for suspicious reports.

  • Contact your bank. If your ATM or debit card has been stolen, or the account number has been used, or if your cheques or chequing account number have been stolen, your bank will need to stop payment on those accounts immediately. Your account may have to be closed to prevent further illegal activity on it.

  • Call the police. Identity theft is a crime, and law-enforcement authorities need to know about it. This is especially true if you have had mail stolen from your mailbox or from your trash, since it means that the culprit must be somebody fairly local. Be aware that investigations are usually prioritized by the amount of money the victim has lost, so try to have as complete a picture of your loss as possible when you call.

  • File a report with your federal agency. In Canada, this agency is PhoneBusters, the central clearing site of all scam and fraud information. They can be reached at You can also report to RECOL, or Reporting Economic Crime Online if you have been defrauded through the computer, at

  • Contact any agency or business that is trying to collect an unauthorized debt from you. Make sure they understand that you are not responsible for this debt and that they will not get any money from you.

Obviously, recovering from identity theft is a long and complex process, which is one of the things that makes this crime so damaging. Months, sometimes years, are spent on trying to reestablish a person’s credit, while creditors sometimes do not take no for an answer and businesses absorb the costs and pass them on to others. Two final tips should help you navigate this process.

Remember to get everything in writing. Every promise, every arrangement, every conversation should be recorded in writing, and all phone calls and emails should be backed up by letters. And finally, remember that you didn’t do anything wrong, and you should not have to pay a cent for a crime that you didn’t commit.

This article asks:
What to do if I suffer from Identity theft in Canada?
Who are the companies to call if I am a victim of identity theft Canada?
Can can I file a report with regarding Identity theft?

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Life Insurance Companies in Canada
- Posted October 23, 2008 by Monty Loree
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Life Insurance Companies in Canada

There are hundreds of different companies in Canada that can sell you a life insurance policy. Of course, not all of these companies are in competition with each other; some of them are parts of larger groups, and some of them only sell to certain populations. So it is important for you to do your research in order to learn which companies are available to you, which companies have the best reputation, and which companies sell a life insurance product that you really need.

Get a quote on life insurance in Canada

There are several things that you should keep in mind when you are choosing a life insurance company.

  • Names and Identity. Life insurance companies all seem to have similar names. They often include names such as Mutual, Guaranty, Security, or Reserve. Such names often suggest financial strength. There are also names that suggest financial sophistication, such as Investors or Bankers; fairness, such as Equitable or Peoples; the strength of the government, such as Canadian or Capitol; or maturity, such as First, Founders, or Pioneer. As appealing as those names are, make sure you know the full name of the company, and the brick-and-mortar address of the company. This is especially true of an Internet company; they may offer good premiums, but you need to make sure they are as trustworthy as they claim to be.
  • Services offered. Most life insurance companies offer a broad range of policies, but may confuse you by promoting some over others. Choose a company that offers things you need, and do not settle for policies you don’t need. If you like a company, but do not see a policy you want, ask an agent if it is available.
  • Premiums. Premiums are the cost you pay for a life insurance policy. Premiums rates vary widely between companies, so make sure that you can afford the one that works for you. If one company doesn’t offer it at an affordable price, another probably will.
  • Helpfulness. Life insurance can be a complicated decision, with many different choices to make. You will want to make sure that there is someone who can answer your questions, even if you sign up with an online provider. You don’t want to be left on your own for a decision this important.
  • Claim payment. There are national claims databases that will show how many complaints have been filed against a company. For an insurance company, you want to look at whether they pay their claims and whether they do it in a timely manner. After your years of paying premiums, you don’t want to be stuck with your claim unpaid.
  • Financial health. Life insurance is a commitment on the part of the company to be available to you for decades of your life, and yet the government does not insure these companies. You yourself will be responsible for looking up the ratings of companies and seeing how peer institutions review the health of their fellow agencies.

For a quote on life insurance in Canada

This articles asks:
What should I know about life insurance companies in Canada?
What should I ask my Canadian life insurance company?
What whould I look for in a life insurance company?

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Mark Silverthorn - Lawyer - Helps Canadians Fight Collection Agencies
- Posted October 17, 2008 by Monty Loree
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Mark Silverthorn Podcast- Lawyer
- Helps Canadians Fight Collection Agencies

Listen Now! Part 1
Listen Now! 7 mins - Part 2

This is a great visit that I had with Mark Silverthorn.

Mark used to be a hard core collection lawyer for 12 years, dealing with the largest of collection agencies in Canada. He had his office on the collection floor and mentioned that he had access to all details of these collection agencies over the years.

This means that he well understands the workings of a collection agency.

About 18 months or so ago, Mark decided to change course and help Canadians fight the collection agencies.

Mark has published an ebook titled: A How-to Guide for Dealing with Collection Agencies in Canada. This ebook is 218 pages which means that it's probably the most comprehensive ebook on collection agencies that I am aware of.

It definitely has alot of detailed information for readers to learn about their rights in dealing with aggressive collection agencies in Canada.

The following are the questions I asked Mark Silverthorn:
1) You're previously known on Canadian Money Advisor as a collection lawyer.
Tell me about that experience.

2) It sounds like you parted company with your old clients that you collected for.. that must have been scary.

3) Which provinces are you licensed to practice in?

4) You've decided to help the public fight against collection agencies.

* What made you change your mind?
* What makes you an expert on the topic of collection agencies?

5) What prompted you to write your ebook A How-to Guide for Dealing with Collection Agencies in Canada ?

I think you'll be pleasantly surprised with our discussion, and the answers the Mark Silverthorn gives me. I can tell by our discussion that he's had a great deal of experience with the topic of collection agencies.

Special Offer:
Mark has indicated that he will give a FREE 10 minute consultation to anybody having issues with a collection agency. He mentions that he can answer some of the basic questions in 10 minutes.

I would recommend that you purchase his 218 page ebook which again is entitled: A How-to Guide for Dealing with Collection Agencies in Canada. The ebook is only $24.99 and I guarantee that it is definitely worth much more than that price!

This podcast is a must listen for anybody who is having, or who has had issues with collection agencies in Canada.

This article answers:
Who is Mark Silverthorn?
Is Mark Silverthorn still a collection lawyer in Canada?
How can Mark Silverthorn help me with collection agencies?

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Canadian Bloggers, Writers, Podcasters Wanted
- Posted October 15, 2008 by Monty Loree
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Canadian Bloggers, Writers, Podcasters Wanted

I am looking for Canadian Financial Authors, writers and podcasters who would like to collaborate and do some podcasts.

What You Need to Have

    You need to have an interest and knowledge in discussing personal finance issues including:
  • Financial Planning
  • Credit & Debt - Including Mortgages, car loans,
  • Credit Cards
  • Debt
  • Saving Money
  • Credit Bureaus
  • Collection Agencies
  • Bankruptcy
  • Making Money through investing
  • Making Money by owning your own business
  • More..

The Benefit To You
The benefit of doing a financial podcast on this site is that we will publicize the podcast, and give a link back to your site. We will also give a bio of you which people can read and get to know you better.

The other benefit is that you can have your visitors or clients visit this site and listen to you talk about your topic. This will help them to get to know you better. And, it's always better for your credibility when they hear you on another website.

Our Visitors Need to Learn from the Experts
CMA's goal is to be a leader in financial podcasting in Canada.
We want to help educate our members about their finances. One of the best ways is to hear from the experts!

The Process:
Successful candidates will meet by phone with myself before hand and write out a list of questions that we feel are current, on topic and relevant to this sites goals and objectives.

We will then proceed to set a date and then record the podcast by phone.

Live Teleconference Call:
Have a group of people that you would like to invite to the call? If you have a group of people that you would like to invite to the call, and make it a teleconference event, we would be pleased to help out with that. A live event is good in that we can talk about our topic, and then have a live q&a session with invited guests.

If you are interested to book a time to record a podcast let me know.

You can email me at:
canadian financial podcasters wanted

Canadian Financial Podcasters Needed
Money Authors & Writers Needed for podcasts

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Who are other Canadian personal finance podcasters that I can work with.
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U.S. Government Digging themselves deeper in debt
- Posted October 14, 2008 by Monty Loree
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U.S. Government Digging themselves deeper in debt

Being a Canadian blog, I like to keep things Canadian. I am dumbfounded with the U.S. government and what they're doing.

U.S. Forces Nine Major Banks To Accept Partial Nationalization - Washington Post

It sickens me to think that 9 large banks need the government to step in and save them. I naively was under the impression that banks were the strongest companies in the economy. I guess I was very wrong.

Usually in the creditor - debtor relationship, the creditor has got the debtor all tied up with contracts and the legal system. If the debtor doesn't pay, he has his things reposessed. The sheriff comes in and takes what he wants. I guess that is what gave me this impression. If the debtor doesn't pay, the creditor goes after him.

Not in my wildest dreams did I think that banks would let themselves get into a situation where they were the ones in trouble.

So... the question is... why don't they go bankrupt? Why don't we let the sheriff come to their place and take everything? By the government bailing out the large creditors, this sends a message that the government is for the banks and not the people.

I understand that the frozen credit situation stalls the economy. Maybe that's not a bad thing. Banks need to learn how to manage their money, just like people need to learn how to manage their money.

Case in point... when an individual goes bankrupt, they have to go through a nasty process of baring their financial soul to the world. It's painful and lengthy. They have to liquidate their assets and then start from scratch. Many times this process takes several years to unfold.

Now.. when a bank goes bankrupt, or has a liquidity problem, they go to the government, who then promptly bails them out. Where's the pain and suffering in that. Does the bank have to bare their financial souls to the people, or the government? I hope so..

Getting back to the government.. The U.S. government is supposed to be unbreakable. The way they're spending, they're going to have liquidity problems soon. It could be that the other countries say to them.. "sorry, we're not giving you any more money." At that point you've got a credit crisis on a national level!

At this point, with the U.S. government borrowing hundreds of billions of dollars, they could go bankrupt as well. Except we would call it something more polite. The Polite term is credit crisis and liquidity issues.

Despite all of these bailouts, individuals have too much debt, companies and banks have too much debt, and now the U.S. government has too much debt. It takes years to pay down debt, and get into a situation where you have more assets than liabilities.

Yesterday the stock market rose 936 points. My opinion at this point is, "so what"?!! The U.S. still has an overwhelming amount of debt.

The U.S. government, companies, and individuals are going to have to do credit repair for many years to come. I guess I'll have to expand my DIY Credit Repair Ebook for Canadians to help them too! :)

Here's what Canadians can do.. Let's learn from the U.S. and not repeat their hideous problems. While we have the luxury of learning from the U.S.'s problems, I hope they don't drag us into their mess. I am sure we will be affected some how...

This article talks about?
Is the U.S. government digging themselves deeper into the hole?
Should the government use credit repair to help themselves?
Can I learn about credit from the government?

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Is the U.S. Economy Bankrupt?
- Posted October 11, 2008 by Monty Loree
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Is the U.S. Economy Bankrupt?

How to save a Bankrupt U.S. Economy?!! Emerites
Consider this: "The United States is now, in some very general sense, bankrupt." That is not some gimmicky headline-grabbing statement from a politician or some throwaway line in a bar. It is the hard conclusion of one of the economists I follow closely, John Kemp.

According to the U.S. needs to borrow $2 billion a day from its creditors overseas just to keep the lights on

These are some pretty scary thoughts. The U.S. has to borrow money to keep it's infrastructure going. And... it's credit system is in a big state of distrust.

No wonder the North American citizen is in debt over their heads, because they're watching closely the government's example. If the government can borrow like that, it must be okay for me to borrow like that.

The simple truth is: "No, it's not okay for anybody to borrow like that."

Would you advise tell an insolvent individual to borrow more money to pay off their debts? For that matter, would any creditors lend them money? NO!! to both questions. It's ridiculous to even think.

However, this is what they're proposing for the over leveraged bank system. Get the government to throw more debt sourced cash at them them, to unclog the pipes. I love that terminology... unclog the pipes. Can a bankrupt individual unclog their pipes with more credit input.?

U.S. Economy and Financial System Bankrupt --What's next?

It's pretty bad when other countries are openly publishing the fact that they feel the U.S. is bankrupt. I can hardly blame them for that matter.

Here's my advice to the U.S. government. Start paying down your debt, and put money in the bank. Balance your budget and stop spending more than you make!! Kinda basic advice from !

You're welcome!!

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You're Invited DollarMakers Joint Venture Bootcamp
- Posted October 05, 2008 by Monty Loree
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You're Invited DollarMakers Joint Venture Bootcamp

Regina, SK October 25, 2008

WHAT: DollarMakers Joint Venture Bootcamp Seminar
WHERE: Western Christian College - 4th Ave & Lewvan Dr
WHEN: October 25, 2008 8:30 am to 6 pm Registration is at 8:30
PRESENTER: Robin J Elliott - Joint Venture Expert
ADMISSION: $497 per person (includes a spouse)

We are pleased to announce we are hosting the first ever DollarMakers Joint Venture bootcamp in Regina on Saturday, October 25, 2008.
This all day event is guaranteed to help the serious entrepreneur be able to generate more profit for his business.
You'll learn the fundamentals of doing joint ventures & joint venture marketing, and you'll be mentored in person by the expert himself Robin J Elliott of

The purpose of the Bootcamp is to teach people how to make more profits from utilizing the power of leverage and joint ventures. They will learn how to leverage and benefit from other peoples skills, resources, money, time, relationships, contacts, distribution systems, products, services, reputations and more.

  • If you are one of the lucky "outside the box" thinking people who attend this exclusive Fast Track JV 101 Bootcamp, Robin J Elliott will personally teach YOU:
  • How to leverage and benefit from other peoples skills, resources, money, time, relationships, contacts, distribution systems, products, services, reputations and more...
  • How to Borrow Credibility and use leverage and duplication to build solid wealth in your spare time, by understanding and implementing JV's.
  • What is a JV, how does it work, how to make money from it.
  • How to select the right JV partners.
  • How to select matching businesses and see the synergies
  • How to approach potential JV Partners, and how to explain the concept to others in seven minutes or less.
  • Learn what language and words to use in order to impress the person you're talking with and get their undying respect in the first four minutes
  • How to make them an offer so powerfully compelling that they just cannot refuse it ever single time.
  • How to remove all of the risk and cost from every single JV deal.
  • 29 Different Joint Venture Strategies to get you started!!

I've attached 2 joint venture ebooks titled "Life Is a Joint Venture" (341 Pages) and "Joint Adventures" (149 Pages), Valued at $98.00, at no charge to you.
I want you to get an instant idea about what joint ventures are, so that you'll get the idea of they are right for you.

Not able to access these attachments? Download the Joint Venture ebooks here:

I'm also giving you a one hour interview with Robin J Elliott and Monty Loree, a $39.00 value, at no charge to you.
During this interview, Robin Elliott answers the fundamental questions about who he is, why he's qualified to teach joint ventures, and What are Joint Ventures.
Listen to the Podcast interview here:

We're pleased to bring in the quality and very experienced speaker, Robin Elliott. Believe me, Robin Elliott will give you access to his 22 years of practical Joint Venture experience.

Our motivation is to give you alot of valuable information that will help your business make more profits.
We're not going to high pressure sell you products and services. Our ultimate goal is to find people who are interested in helping their businesses make more profit and becoming prospective joint venture partners.
That's why we're giving you away FREE ebooks and podcasts to start, to make sure that this is right for you.

You never have to worry about getting your money's worth because you have our "Money Back Guarantee". Just try the first 4 hours of the event (until 12 pm and if you are not absolutely convinced you have gotten at least double the value of your registration by that time, then just let us know and we will refund you all of your money on the spot!

In the meantime, please enjoy the free ebooks located at:

and the podcasts located at:

You can also see video interviews from the Winnipeg Joint Venture Bootcamp on Facebook:

Hope to see all of you at the first ever Regina DollarMakers BootCamp Seminar!!


Monty Loree

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