What is a prepaid credit card?

When it comes to prepaid credit cards, they offer many benefits, including ensuring that you won’t overspend because—that’s right—they’re prepaid. While they are spent like credit cards, they actually function more like debit cards because you are spending your own money by loading the card yourself. Another way of thinking about prepaid credit cards is..

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Year-End Financial Planning Tips

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..

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The Hidden Credit Card

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..

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Canadian Household Debt Exceeds Q2 GDP

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..

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Student Loan Rules Change for Canadians

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..

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A Holiday from Holiday Spending

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..

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