Your credit score is important. It’s a reflection of your financial health at a specific time, and it’s also a crucial piece of information for any potential lender, with the score representing the risk you represent for them. Your credit score can determine a number of things, like whether or not you can start a..
Prepare the novelty hats and sparkling beverages, because 2016 is on its way out. While many of us have felt like the year (at least in popular culture) has just been one piece of bad news after the other, the end of the calendar provides an excellent opportunity to make new plans, organize yourself, and..
A deeply concerning story was published on CBC News’ “Go Public” consumer affairs section yesterday, detailing the experience of a woman in a Loblaw’s grocery store who was unwittingly signed up for a credit card under the auspices of a third party sales organization connected to President’s Choice Financial, whose representatives posed to look as..
Credit monitoring agency TransUnion has released its latest report on the state of Canadian financial health, and finds that for the most part, year-over-year levels of household debt in Canada have continued on their upward swing – and have now reached a milestone that has some lending experts voicing their concern, as debt growth also..
As of today, students with outstanding loans taken out to help fund their educational growth are subject to a new set of rules and regulations aimed at making student loan payments easier and reducing the impact of debt on personal financial health. Under the old rules, single people had to start paying back Canada Student Loans..
If you have ever found yourself in a tight spot financially and in need of a quick fix, you may have considered turning to members of your family or even your closest acquaintances to arrange a loan. In fact, recent research by Royal Bank has indicated that 78% of Canadians have lent or borrowed over..
The holidays are a time to reconvene, reflect and celebrate. And yet, for many, they also mark one of the year’s most stressful financial periods, due to the often increased levels of holiday spending brought on by the search for gifts, time spent travelling or vacationing, the preparation and planning of events with family and..
The Canadian financial world has been abuzz of late concerning changes to the Tax Free Savings Account, or TFSA, contribution system. Canadians could previously save a maximum of $10,000 per year in their TFSAs: finance minister Bill Morneau announced Monday that the available TFSA limit will be reduced by almost half to $5,500 as of..
According to a new Manulife survey, thirty-eight percent of Canadians report that they were “caught short” without enough funds to cover their expenses at least once in the past year. This is despite the fact that the same survey reveals that 75 per cent of those polled feel adequately prepared to deal with an unexpected household..
Everyone has a different goal at the end of their personal finance journey: whether it’s paying for their education, emerging from debt, obtaining the working capital they need to start an entrepreneurial venture, or simply finding ways to have more money left over at the end of the month. For a large number of Canadians,..