When a consumer owes money to a company and is not paying or is unable to make the minimum payment, sometimes the company will turn the debt over to a collection agency. A collection agency is a business that arranges for the payment of outstanding account balances and money owed to a company.

Buying a new (or new-to-you) vehicle  is a major purchase and an exciting experience often wrapped up in a surprising amount of emotion. For many people, their vehicle is more than a tool to get from A to B. They’re often an expression of personal style, a bit of a status symbol, and represent freedom. Of course, it’s important to remember that’s it’s also a major financial commitment.

How you handle money over the next few years is key in reaching your future financial goals. One of your goals may be financial freedom – having enough money down the road to travel, pursue your passion and enjoy life. 

Given the challenges millennials face, this may seem like a daunting goal. 

For many New Brunswickers, money worries are top of mind during this difficult year. Financial stress can have a serious impact on your physical and mental health. Below find ways to help you cut back and make small changes that can have a big impact on seven spending areas. 

What does it mean to spend smart? It’s more than just finding the best deal. It means knowing your spending limits, knowing your rights and responsibilities as well as being informed before you buy. Don’t be tempted into a fast purchase by a flashy red sale sticker. Look for a good, reliable product that is reasonably-priced.