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More Credit Card Debt Always the Wrong Answer
For many Canadians, debt is a reality of life. With the various monthly payments, along with those incidentals that spring up unannounced, debt can creep up quickly to the point that it becomes unmanageable. For some, amassing more credit card debt to cover such financial requirements sometimes seems like the only option – but it…
Read MoreWhat to Look for in a Used Car Dealer
If you’re thinking about buying a new car – or a new-to-you car – there are a number of important details to consider. Your budget and the type of car you want/need are both essential, but just as important is who you’re buying the car from! If you’re considering buying a used car, here are…
Read MoreA Second Mortgage That Isn’t a Mortgage? What’s the Deal?
With the most recent changes to mortgage lending/borrowing rules, those established by the Canadian Mortgage and Housing Corporation, coupled with a higher interest rate, many Canadians looking to refinance their mortgages are finding it much harder to do so than originally anticipated. While a second mortgage offers a chance to access significant equity to use…
Read MoreThe Canadian Interest Rate Went Up – What Does That Mean to You?
We’ve heard the warning for several months now: the economy is stabilizing, and Canadians have enjoyed an historically low interest rate for years, but a rate hike in inevitable. And, back in July, after months of speculation, the Bank of Canada finally raised the interest rate from 0.5% to 0.75%. This means that payments for…
Read MoreIdentifying Fraud Blog Series: Phone and Text Scams
We’re finishing off our 3 part identifying fraud series talking about phishing schemes – scams designed to steal your financial information, and ultimately your money. Over the last few years, such schemes have become increasingly common, and thousands of Canadians lose money because it has become incredibly difficult to spot a scammer. This is especially…
Read MoreIdentifying Fraud Blog Series: Fake Websites
In part 1 of our 3-part identifying fraud blog series, we took a look at phishing schemes – those scams where fraudsters attempt to scare you into sharing personal information or clicking on a link that gives them access to such information. We’re following things up with a blog that talks about fake websites, specifically…
Read MoreIdentifying Fraud Blog Series: Phishing Schemes
We seem to be hearing about fraud schemes all the time these days. Unfortunately, technology and the internet has made it easier for fraudsters to not only find out personal information, but to use that personal information to trick people into providing details that can then be used to steal their money. This week, we’re…
Read MoreBack to School is Right Around the Corner – Here Are Some Money Saving Tips
There is a reason the back to school shopping season is the second biggest season for retailers. All too often, parents leave the back to school supply runs to the last minute, meaning the options for saving money may not be as plentiful. This year, start stocking up early and use these money saving tips…
Read MoreWhat to Do About Your Vehicle When Considering Filing for Bankruptcy
When financial turmoil strikes, and you’re considering filing for bankruptcy, the question of what to do about your vehicle is one of the biggest sources of confusion. While the decision rests on a number of different factors, as well as your financial abilities, we are hoping that this blog will clear at least some of…
Read MoreRenting Furniture in the GTA: Good Idea or Bad Idea?
When you’re tired of that old sofa or loveseat – you know, the one you purchased years ago – but your bruised credit has limited your financial options, you may be thinking that renting furniture offers the best of both worlds. While this often catches people off-guard, seemingly offering a great option when you don’t…
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