Debt settlement in Edmonton is one of the most questionablet options for residents of this wonderful city who have found themselves in a great amount of debt, behind on their bills, and unable to pay the full balance. Some of the advice that they will hear might be to declare bankruptcy and to start all over. There are two major problems with that scenario and I’d like to share them with you and explain why debt settlement in Edmonton is equally as poor an option.

Read more

Debt related resources published by your government – actually pretty good stuff.

Did you ever think to consult the Government of Canada if you are struggling with debt? While I wouldn’t suggest calling Steven Harper himself if you’re behind on your car payment, Service Canada has a resource page called “Managing Your Debt” with links to information about some of the following topic:

Read more

We are now DEBT FREE

We would like to thank Randy and Parley Consulting.We went to Randy six months ago for help. We were at our wits end and over our heads with credit companies. No groceries and sleepless nights. But that was a quick six months of help from Randy. We are now DEBT FREE and don’t owe money to creditors.
To be debt free is a blessing!

Thank you Randy for helping us.

Sincerely,
F & L

Should You Rent to Own in Edmonton?

Edmonton is a blue collar city with many workers  from other parts of Canada and the World. These workers may not be set up to qualify for a home the traditional way and should consider a Rent to Own Edmonton.
Read more

Knowing how and when to use credit card options can be a tricky endeavor. Seeking advice from a third party person can be one of the best decisions to make. The bank wants you to accept the offer, and you want to be freed of restrictions, but from both perspectives there is a selfish aspect. Taking advice from a debt consultant is smart because they want to see you debt free, and will take an objective stand on the matter in order to achieve that goal.
Read more

What is success?

No matter what the  size of goal or where someone is in their life, at a certain time they will always need fundamental ingredients in order to obtain success. Even though success is relative, subjective and even a little ambiguous at times it is highly sought after, and thus needs to be focused on. how can one be successful? By obtaining the following six success ingredients you will find success easier to accomplish, obtain it faster, and enjoy it more!
Read more

People often make poor economic choices because they are overly optimistic about what they will do in the future, experts say. It’s akin to over estimating how much you can get done in a day

or eating a piece of chocolate cake now because you are counting on yourself to have the will power to have only a salad for dinner.

For example, people transfer credit card balances over to cards that have low initial rates with higher long-term interest rates because they believe they will pay everything off before the “teaser” period is up – most don’t.

Read more

It doesn’t matter where you live, really, but when you are facing bankruptcy in Edmonton, you might not know where to turn. Getting into debt so deep that you can’t seem to find a way out, as though you’re walking through a dark tunnel and it’s only getting darker with each step that you take, you might feel as though there is no hope. So you hide from the calls and the bills that stack up all around you, maybe you even shred them as they come in. Hey, at least they’ll make some good confetti, right?

Read more

Is it love?

Well, yes, kind of. Banks are in the business of lending money – they are like any other retail establishment only they sell money instead of shoes or books or cannelloni. The problem is that we forget that we are the consumers of that money; most of us feel more like lucky “recipients” of the banks love and generosity and we presume that they must know what is good for us or they wouldn’t allow us to have it – like good parents.

Read more

The holidays have come to a quick Monday closing meaning it’s time to head back to the “real world” and start thinking about your bills, and thus, your holiday repayment plan. December has always been a month for overspending, overeating, and overdrinking, so it makes sense that January is, and has always been, a time for new resolutions, new habits, and new goals – we want to correct the overindulging that happened throughout December. Financial resolutions are second in popularity to losing weight/being healthier and sadly end just as fast. Most people who make a new year’s resolution will give in by March mainly because they haven’t made a road map for their success. Today we look at making that road map so that people can feel stronger in their financial resolutions.

Write it out.

If your resolution is to save money, or pay off your debt you’ll need to make a commitment. And what better way to do that than by writing down your resolution in a place where you will see it daily so that you can find strength, be energized, and hold yourself accountable. Post-It notes are a great way to facilitate this goal because you can literally put them anywhere, they’re eye catching, and usually come in cheerful colors! Write a main list and put it on your bathroom mirror, you’ll see it every morning and every night. If you think you’ll need more support throughout the day then tuck them in your car or wallet. Wrapping a note around your credit card reminding you it is for “serious emergencies” (not emergency coffee runs) or “gas only” will help you avoid swiping by being a goal reminder and giving you time to rethink your decision while physically unwrapping it. To get a little more dynamic you can put reminders on your phone too! Set a reminder every payday to deposit your cheque and take out your spending money. This is the cash diet, meaning no plastic, and it’s a great way to ensure you stick to your repayment budget because when the cash runs out, so does the spending.

Read more

You always hear about people who dread bankruptcy so much that they would rather drown in their debt subsequently stressing themselves and their loved ones out instead of filing for a way to eliminate their debts in one foul swoop. Which begs the question: why? We all know that bankruptcy is bad because it stays on your credit report for 6 years after the date of discharge; but so does everything else. Your credit report is like a scrolling list, it takes time for your bankruptcy to roll off the end just like it did for that misunderstanding between roommates regarding who was supposed to pay the phone bill that month. We all know that bankruptcy is bad because it makes it harder to get loans and obtain credit but it’s would be just as hard if you have a shot credit score and existing debts; so that can’t be the reason either. It’s probably because not all debts can be included in a bankruptcy. Any debts or payments imposed by the Court, such as child or spousal support, fines or penalties, legal awards to others or liabilities surrounding white collar crimes, student loans, and any previously entitled dividends that would have been awarded to a creditor in the event you fail to inform your trustee of that creditor are not eligible to be included in your bankruptcy, and thus will still be there after you’re done. That would definitely be a reason to think bankruptcies are bad, let’s take a look at some other factors you may not know about.

First, and foremost, it’s good to know that your monthly payments in a bankruptcy are not fixed and any tax returns must be applied to your bankruptcy. Trustees do a pre and post-bankruptcy filing of taxes and are entitled to your return throughout the bankruptcy. Any tax deficit during your bankruptcy gets added to your total debt, thus increasing the balance owed. Unless of course you owe on the post-bankruptcy taxes then the taxes just become your debt to deal with. Meaning you might have new debt once you’re discharged from a bankruptcy! As for your monthly payments, they’re based off of, and adjusted according to, the amount of surplus income you have during the bankruptcy process. Meaning the more you make, the more they take.
Read more

Randy,

Thank you so very much for sharing your wisdom with me today. I hope you enjoy this little gift to experience the greatest restaurant, in my opinion, Edmonton has to offer.

Namaste.

Ottawa, banks discuss measures to rein in Canadians’ personal debt

Ottawa is talking to the banks about putting new measures to curb the rise in consumer debt into the next federal budget.

Deputy finance minister Michael Horgan has broached the topic in prebudget consultations with executives from Bay Street firms and several bankers say they would support federal moves to cool the market.

Read more

What is a money Mentor? The term isn’t all that common around the world, but in our modern society, they are becoming more and more important to people around the world. Money mentors, basically, are people who are experienced in managing finances, including overcoming debt and saving, who can help teach you how to build a brighter and stronger future for you and your family.
Read more

...we would have been paying debt & interest for the rest of our lives!

“Randy helped me feel we weren’t the only ones in our situation with debt. He made us look at our spending in a different light. Now I feel so good about budgeting and saving money at the end of the week when I see we still have money in our accounts, and we didn’t have to use any credit – I feel so good. If it wasn’t for Randy and his knowledge we would have been paying off debt & interest for the rest of our lives! We are so appreciative & also more educated. “

-Tanya