Blog

A credit score represents creditworthiness, or a person’s ability to repay their debts as promised. Having a high credit score is generally understood to be a good thing, as the score is often used as an important factor in deciding whether or not you will be approved for certain loans and the insurance rates available to you.  Read More

Not all credit card offer identical benefits and costs, but comparison shopping all of your choices can be time consuming. Unless there are drastic upcoming changes happening within the next few years of your life, you can gauge how your spending and repayment patterns will be by looking at your credit card statements in the past year.  Read More

With the Canadian housing market being as active as it is, investing in your home seems like a pretty smart idea, but it’s not entirely foolproof. In addition, if you decide to go forward with the remodel, there may be other options better suited to financing the expense.  Read More

Saving a large sum of money seems daunting, but it’s far less scary than facing a situation where you need to make emergency purchases and you don’t have many options. Everyone, no matter what their situation, is able to save some money, as long as there’s income.  Read More

If you are married and need to claim bankruptcy, you may be concerned as to how your assignment into bankruptcy will affect your spouse. If your spouse is joint on a co-signed debt, then a creditor can legally pursue your spouse for repayment of that debt even if you file for bankruptcy.  Read More

The time that you spend as a student can be fun and exciting, but if you have borrowed a lot of money to get through school, the time comes when you must repay those loans. It is important to pay these off as fast as you can so they are not looming over your head and collecting interest for years into the future.  Read More

It can be a challenge to live on a budget when you have a large family, but it can be done. All it takes is careful planning and being aware of where your money goes.  Read More

When you plan to purchase a home, it is important to know what you can afford. In Canada, you need a minimum down payment of 5% to purchase a house. Some lenders will offer you a mortgage without a down payment, however if you have not been able to save money for a down payment, it could be an indication that you cannot afford to own a home.  Read More

If your mortgage is up for renewal and you are drowning in revolving debt, you may find yourself in a real financial jam. Before you dig yourself deeper into debt or start missing payments, consider refinancing your mortgage to pay off credit cards.  Read More

In North American culture, buying a house is considered one of the more remarkable things someone can do. It shows that a lender was impressed enough to give you a mortgage to fund this expensive asset, and that you were able to save enough money for a down payment. But, how do you manage to come up with a down payment to buy your dream home?  Read More