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Job loss is one of life’s most distressing events. However, taking care of a few significant responsibilities during the first few weeks of the situation will safeguard you and give you a sense of control. Take a look at the different approaches you can use to make it through this challenging period! Introspective Reflection Reflection […]

Putting aside enough money for a down payment is one of the most significant challenges associated with buying a home. Many people have RRSPs (Registered Retirement Savings Plans), even if they don’t have a lot of money in their bank accounts. The Home Buyers’ Plan can be a good option for you if you are […]

According to the CPA Canada 2021 Fraud Study, 73% of individuals surveyed have received fraudulent requests. Email (44%) and telemarketing (33%) are the most popular targeted strategies. As a result, 33% of the population has been a victim of some kind of fraud at some point. According to the Canadian Anti-Fraud Centre, the amount of […]

In the lending and loan industry, co-signing is a very common practice. It allows someone with stronger credit to assist someone with less-than-ideal credit. Due to the need, there must be a strong bond and a lot of trust for the applicant. This technique is most popular among close family members and friends. The reason […]

Both debt consolidation and debt settlement are financial strategies for reducing personal debt burdens, but they work in different ways and are used to resolve different issues. Debt settlement is useful for lowering the amount of debt that is owed, whereas debt consolidation is beneficial for reducing the total number of creditors that are owed […]

The burden of debt is something that millions of Canadians deal with from time to time. It may have been brought on by a loss of a job, a divorce, an illness, or just plain bad luck. A person intending to accumulate an emergency fund may find that debt stands in the way. Emergencies happen […]

The Bank of Canada (BoC) is raising interest rates. What does it mean? Your wallet may be impacted in a variety of ways by these hiking interest rates. Fortunately, not all types of debt are affected by interest rate increases, which can send consumers into a tailspin. You can better manage your finances and debt […]

Taking out a loan is like playing a game with two sides to the same coin. On the other hand, responsible borrowing will assist you in establishing a strong credit score, which will allow you to qualify for more essential loans or lines of credit, such as a mortgage. However, depending on how well you […]

The cost of borrowing money is represented by the interest rate. To put it another way, interest is calculated as a percentage of the total loaned amount (the principal amount). The Bank of Canada helps the Canadian government oversee the economy by fixing the bank rate and regulating the amount of money in circulation. What […]

When was the first time you received a credit card? You felt as if you were gripping financial independence in the palm of your hands. You might remember how thrilling this was when you swiped that flat piece of plastic for the first time.  Perhaps a car failure compelled you to ask for a loan […]