Cambridge Life Solutions Canada Announcement

Cambridge Life Solutions Canada is proud to announce we currently are enrolling clients in: British Columbia, New Brunswick, Saskatchewan, Ontario, Quebec & Prince Edward Island.

We are pleased to announce Cambridge Life Solutions Canada is offering debt negotiation services.

By providing debt negotiation services in the above provinces, Cambridge Life Solutions Canada offers an opportunity for residents to achieve a debt free lifestyle. Cambridge Life Solutions Canada makes it simple for Canadians to speak with a debt consultant and receive a customized debt program they can easily follow.

Cambridge Life Solutions Canada understands this is a difficult time for Canadian residents. Many are consumed with over $25,000 in credit card debt alone and it’s on the rise. “TransUnion said average total debt per Canadian consumer, excluding mortgages, was $25,709 in the fourth quarter of 2010 -- up 5.6 per cent from $24,346 in the comparable period of 2009.” Cambridge Life Solutions Canada reveals its mission is to “educate Canada about credit card debt and make solutions available to help relieve the stress affecting so many Canadian families.” Cambridge Life Solutions Canada has worked hard to create a program that empower clients to eliminate their debt and rebuild a strong financial future.

Cambridge Life Solutions Ontario is proud to donate to the following charities: Daily Bread Food Bank, Hope Air, Ryan's Well, Sleeping Children Around the World, United Way of Kitchener-Waterloo, Multiple Sclerosis Society of Canada, and Bridges of Hope. We hope those that have been blessed by Cambridge Life Solutions would also consider donating either their time or money to these amazing organizations making an incredible difference.

Cambridge Life Solutions British Columbia welcomes you to visit the "Actual Settlement" section of our website to view settlements achieved on behalf of our clients. Cambridge Life Solutions Saskatchewan invites you to visit the "Better Business Bureau (BBB)" section of our website to view our business rating and "0" complaint track record. Cambridge Life Solutions Quebec welcomes you to visit our "Client Reviews" section to find Cambridge Life Solution Reviews made by our customers. Cambridge Life Solutions Prince Edward Island invites you to explore our "education centre" to see the various debt options an individual might have available in order to become debt free.

Residents of these provinces are welcome to contact Cambridge Life Solutions Canada at 877.473.8008 at any time to begin to process of eliminating their debt. Calling Cambridge Life Solutions Canada may be very first step towards achieving financial freedom. The call is free, there is no risk and/or obligation to talk to a debt consultant.

Cambridge Life Solutions Canada is dedicated to assisting clients with eliminating their debt.

Debt and Family Type in Canada

What a great article that outlines the trends between debt and family type in Canada. Click the link below to read the full article. Here are the highlights:

• Debt-to-Asset Ratio increased to its highest point in 35 years in 2009
• Canadians in lone-parent families are more likely to have high debt-to-asset ratios
• Financial insecurity related to debt decreases with higher income
• Canadian-born had lower odds of high debt load than immigrants
• Debt-to-income ratio climbed more than 55 percentage points between 1990 and 2009
• Older Canadians have less debt

Happy Canada Day!!!! Enjoy and Relax this Holiday weekend!

Here are some fun facts about Canada!

• Detroit, Michigan just across the river in the US holds a Canada Day celebration. Conversely, Windsor, Ontario celebrates July 4, the US Independence Day
  
• We are responsible for Smarties, Crispy Crunch, and Coffee Crisp
  
• Baseball is Canadian - First game: June 4, 1838 - Igersoll, ON
  
• Lacrosse, Hockey, and Basketball are all Canadian
  
• Apple pie is Canadian!
  
• Colour television was introduced to Canada on Canada Day in 1967
  
• Tim Hortons is just plain better than Dunkin' Donuts (a US company)
  
• In the war of 1812, started by America, Canadians pushed the Americans back ... past their White House.
  
• Our civil war was fought in a bar - it lasted a little over an hour
  
• A Canadian invented Standard Time
  
• The Hudsons Bay Company (aka 'The Bay') is the world's oldest company
  
• We invented: Ski-doos, jet-ski, Velcro, Zippers, Insulin, Penicillin, Zambonies, and the telephone.
  
• A Canadian invented Superman.
  

Pushing the Limits

Eleanor Roosevelt said "Do one thing everyday that scares you." We agree and think living by this mantra is a great way to challenge yourself and continually grow. Take a second and think about the things you want in your life, but don't currently have. Take those dreams and turn them into reality by breaking down your goals into daily activities that will always move you closer to the end result. The idea is to pick a small adjustment for the week, then another and another. It can be big or small, but the goal is to make it so that it is realistically achievable. For example, if you feel you need to lose weight, your goal shouldn't be to lose 100 lbs in the next year, you should take it one week at a time. The first week decide to drink more water, then the following week eat only 1/4 of the portions you were before, then the week after that you add in exercise. This way you're not overwhelmed with trying to accomplish too much at once and feeling like you have failed just because you couldn't keep up with the demands you put on yourself.

The same goes for your debt situation. If you are really dedicated to becoming debt free. It is a process and it will take time. Doing nothing will be overwhelming and you will feel like a failure at times. Taking it week by week and making small changes will have you where you want to be in no time. You could try saving $20.00 one week by cutting out coffee stops, then try saving $50.00 the next week by cutting out coffee stops and using coupons, and so on. Before you know it, you're saving enough money to start paying off those debts and live the CamLife!

There is no better feeling than accomplishing what you have set to do. It may be a process but Cambridge Life Solutions is here to help along the way!

Top 10 Credit Card Myths Dispelled!

Word of Advice: College Freshman should not get Credit Cards!!!!

I know, I know, it's your first day on campus and you feel such a sense of freedom. You're walking around, exploring the campus and there is a big booth covered in your school colors. They are offering a free school sweatshirt just for filling out this paperwork...SCORE!!!! The free sweatshirt is very awesome, but the credit card you just applied for, not so much. Most college freshman don't have a lot of money and it's as it should be. By going to college, you are sacrificing and making an investment into your future. You might think that by applying you'll just see if you get the credit card but won't really use it. Trust me, that's not the way it works. Next thing you know, your friends are begging you to come on a spring break trip with them and your pulling out the credit card to pay for it. After graduation, you will be working so hard just to pay off your creditors and you won't have time to focus on building a strong financial future. Trust me, the free sweatshirt isn't worth it, stay away from those credit cards!!!

http://www.theglobeandmail.com/globe-investor/personal-finance/top-money-tip-for-university-frosh-dont-use-plastic/article2040925/

Great Question! Should we burn RRSP to pay off credit card debt?

We get this question all the time. It's not just in relation to RRSP, but any sort of stock accounts, equity lines, debt consolidation loans. There are several aspects to consider. First, you have worked hard to build your retirement accounts. Don't touch them! They are for retirement. Don't touch your equity lines, that will cause an unsecured debt to now become secured and debt consolidation loans are just making it easier for you to accumulate more debt. There are plenty of other ways to eliminate your debt without tapping into these alternatives.

Make sure you do your research and are aware of all the pros and cons to each method of getting out of debt. Every situation is different and only you can make the choices that best fit your needs.

Here is a real life situation and the advice they received.

http://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/cash-clash-burn-rrsp-to-pay-off-credit-card/article2024590/