A Secured loan is a type of loans where you borrow the money you need depending on the collateral you own to secure your loan. If you fail to repay the loan, the lender will use your collateral to recover its amount. Secured loans are widely used for building a bad credit history. Interest rate …
Getting a bank mortgage was the best move you could make a couple of years ago. Traditional lenders allowed Canadians to own their dream homes through mortgage loans and make affordable payments. But that isn’t the case now: The different economic variables in Canada have forced banks to increase their interest rates, making mortgages expensive. …
Is Mortgage Becoming More Expensive? A Guide on How to Safeguard Your Home Read More »
When tackling a huge undertaking, the best approach is to break it down into smaller, manageable tasks and tackle them one by one. By focusing on each step individually, the massive challenge becomes less intimidating and much more achievable. Breaking Down the Huge Undertaking of Finding a Bad Credit Home Loan This principle applies perfectly …
7 Handy Steps To Help You Find A Bad Credit Home Loan Read More »
It’s okay to feel that you don’t need your existing credit card. It could be for any reason, including that you want to reduce your dependency on credit cards or wish to find another card suitable to your needs. Whatever your reason, it’s necessary to understand how to cancel your current card and what effects …
Impact of Credit Card Cancellation on Credit Scores Read More »
When managing a family, one cannot go overboard with anything. You have bills, rent, and other expenses to manage on a limited budget. If you’re not spending correctly, you end up saving nothing. In budgeting, a significant portion of our income is spent on food. So, one starts to think about how to cut down …
Savings Showdown: Supermarket Hacks vs. Meal Planning Masters Read More »
Several people are aware of the importance of credit scores but don’t know why it’s important or how to keep track of it. In fact, several people don’t even know their scores. Luckily, now every Canadian can check their credit score with the help of credit monitoring apps. When it comes to calculating credit scores, …
Have you been postponing to own a house? Your concerns about the price of a home in Canada are valid. In 2021, house prices started skyrocketing amid the pandemic, instilling panic among potential homeowners. Statistics reveal that Canadians witnessed a 26.6% rise in the House Price Index during that time – the highest ever recorded. …
Student loans are an ordinary reality for many Canadians pursuing higher education. With the skyrocketing tuition, books, housing, and other expenses, student loans bridge the gap between savings, family support, scholarships, and total costs. However, student loans come with real impacts on your financial life during school and beyond. Specifically, your credit history is tightly …
How Student Loans Impact Your Credit History in Canada Read More »
Planning a honeymoon is exciting for newlyweds, but the costs can quickly increase. Honeymoons have become increasingly expensive from flights and hotels to dining and activities. However, there are ways to craft the perfect romantic getaway without breaking the bank. Opting for Canadian destinations allows couples to avoid pricey international flights and take advantage of …
Crafting the Perfect Honeymoon Budget: Canadian Destinations That Won’t Break the Bank Read More »
