By: Giselle General
This article was also submitted by the author as a contribution to the Alberta Filipino Journal (a cultural/ community newspaper in the province of Alberta, Canada) in June 2022.
Managing one’s finances is an important responsibility in order for us to have a comfortable life. But sometimes, unexpected things happen, and we find ourselves in a difficult financial situation. Perhaps the bills, mortgage, rent or credit card payments were left unpaid too many times and things have escalated a bit. Perhaps you are about to lose your home, or received a court document, or been subjected to aggressive phone calls or messages from those who want payment.
Here are some resources that can help when financial problems turn for the worse.
When Financial Debt Requires Legal Help
- Consumer Debt Negotiation Project Program – Edmonton Community Legal Centre: Many of us have consumer debt, such as credit card payments, car loans, personal loans, even a mortgage. You might be falling behind on payments, and you discovered that there is a legal action that happened, let’s say, you received a court document from the bank or the company you owe money to. You can contact this free program so you can get an opportunity to speak to a lawyer to get help.To contact this service, to go the website https://www.eclc.ca/need-legal-support/ and then click on the box that says “For Consumer Debt Negotiation Project”
Emergency Financial Supports
- Community Bridge Program: Funds To Prevent Getting Kicked Out by Landlord: If you are renting the place where you live right now, and you fell behind on rent payments, it is likely that your landlord would want to evict you. Getting kicked out of the place where you live can be very stressful and disruptive. This program is a financial ‘rapid response’ as a last resort so you can stay in your place and make payments you missed. The link to access this program is https://bissellcentre.org/programs/individual/community-bridge/
- Emergency Needs Allowance – Government of Alberta: This is a program direct from the Alberta Government for when you face an unexpected emergency that can present a health risk and caused by unexpected circumstances that you cannot pay for. It can cover a wide range of needs such as food, clothing, childcare, temporary shelter, utility payments, eviction payments and more. The link to get more information and how to apply is: https://www.alberta.ca/emergency-financial-assistance.aspx
Financial Literacy – Learning about Money Management
- Credit Counselling Society – Online Courses: This is a self-paced online course that focus on financial management skills such as learning the realities of credit, budgeting, spending on food, and more. In addition to the online courses, they also have other ways to support when you are currently facing financial difficulty. https://nomoredebts.org/financial-education/online-courses
- Each One, Teach One: This program is designed for bankers to deliver basic financial literacy workshops to newcomers, refugees, individuals who face barriers to financial services, and people living in low-income communities, in a “teach the teacher” type of format. It is comprehensive, as it covers topics beyond just budgeting and debt, such as investments, contracts, and fraud prevention. https://www.myunitedway.ca/each-one-teach-one/
- Money Mentors Financial Education: Money Mentors also provides services to help people in financial difficulties, and they have also educational content on their website. The catalogue is even more comprehensive than the other two, addressing other complex but common issues like preparing financially for a baby, having unpredictable income sources, home ownership, money discussions in inter-generational households, and many more. https://moneymentors.ca/financial-education/
This is not an exhaustive list, but I hope that this is a useful starting point. After you contact these resources, it is possible also that they might recommend other programs and services to help with your situation. Having financial issues can be stressful and embarrassing, but a lot of the time, the staff and volunteers that are part of these programs are understanding and compassionate. When contacting them, I highly recommend sharing all the necessary details and not leave out information even if it feels shameful. Complete transparency is important for them to understand your compete situation in order for you to get the best help you need.