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How Much Are We talking Here? Reviewing Second Mortgage Closing Costs
The GTA housing market has been red hot for a few years now and homes have increased so much in value that many homeowners are finding themselves house rich, but cash poor. This is because Canadian families are carrying more debt than ever and most of their worth is tied up in their principal residences.…
Read MoreSo, You’ve Filed for Bankruptcy… Now What?
So, you bit the bullet. You realized you were in too deep with your debt and decided to file for bankruptcy to get a fresh start. That’s great, but maybe now you’re thinking what’s next? What steps can you take going forward to mitigate the impacts of that decision? Filing for bankruptcy is not a…
Read MoreConsolidating Payday Loans in 1-2-3
Payday loans are dangerous – there really is no other way to describe them. These loans, made even more problematic because of how easy they are to get, are continuously being criticized in the media as taking advantage of regular hard-working Canadians. This week we are talking about why it is so important to get…
Read MoreHappy Canada Day! Celebrating 150 Years Strong
Prudent wishes Canada an awesome 150th birthday! On this momentous anniversary of Confederation, we can’t help but marvel in all that is Canada, a country we are proud to call home! Happy Birthday Canada!
Read MoreDifferent Types of Bad Credit Loans and What They Mean to You
When you have less than stellar credit, but are looking for funding, you may be concerned that your options are few and far between. Since lenders base their decision to lend upon your past and current credit behaviour, having bad credit can make the process of obtaining any type of financing difficult. Don’t lose hope…
Read MoreVehicle Intelligence: Buying a Car the Smart Way
If you’re getting ready to start the process of buying a car, this week’s blog may give you something to think about as far as how to start the process. It’s a common practice when most of us are buying a car: we start with an idea in our head of what we want, then…
Read MoreBeware Phishing Scheme: Prudent Financial Never Solicits Business by Text Message
Attention! Prudent Financial never solicits business by text message. We have unfortunately been a victim of phishing campaign currently underway. You may have received a text soliciting loans from an individual claiming to be Prudent Financial. This person is in no way affiliated with us. We are currently investigating and have contacted the appropriate authorities.…
Read MoreIf I’m Making Minimum Payments on My Credit Cards, I Have Good Credit, Right?
There are so many myths and half-truths when it comes to credit reports and credit scores, and minimum payments represent one of the most detrimental. So many people believe that if they’re making minimum payments, on time, each and every month, they should be in great financial standing. Unfortunately, this isn’t necessarily the case. Why?…
Read MoreOutdoor Summer Activities in the GTA That You Can Do On The Cheap
With summer just around the corner, it is time to start planning those family activities. Don’t want to break the bank? We get that! Here is a list of great outdoor summer activities in the GTA that you can do on the cheap to help make the most of what Toronto has to offer over…
Read MoreInterest Rates May Be Going Up – Time to Get Your Financial House in Order
Back in April, despite suggestions of an increase, the Bank of Canada chose to keep Canadian interest rates steady at 0.5%. However, even with this decision, economists still believe that a hike is coming – probably in early 2018. So, how would you fare if interest rates were to rise? Concerned that your finances would…
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