The Loans Canada Blog

Can I Transfer My Canadian Credit History to the U.S.?

Can I Transfer My Canadian Credit History to the U.S.?

If you’re in the process of moving to the United States, or anywhere else, you might be wondering if your credit history will be coming with you. Unfortunately, credit information cannot be transferred to another country because there are legal and practical implications. The good news is that you can… Read More


Buying a Car Out of Province

Buying a Car Out of Province

After long days and nights of researching cars you’d like to buy, you finally found the one. Mileage is low, the colour is right and it has all of the perks you could dream of. But, there’s one problem, the car resides in another province. If this is you, the… Read More


Do You Need a Pre-Purchase Vehicle Inspection When Buying a Used Car?

Do You Need a Pre-Purchase Vehicle Inspection When Buying a Used Car?

Are you thinking of purchasing a used vehicle? If so, you’re likely aware of how big the commitment is to buy a car. Before finalizing the purchase, it’s worth your while to do some due diligence to ensure you don’t end up with a faulty or unsafe car. Car purchases… Read More


Loans Canada Text Scams

Loans Canada Text Scams

It has been brought to our attention that some of our clients have been receiving text messages from “Loans Canada” stating that they have been approved for an “instant loan” of $5000. We want to make it very clear that this is a scam. Check out this article… Read More


How To Stay On Top Of Your Spending

How To Stay On Top Of Your Spending

Money has changed. Online spending and tap-to-pay have made it possible to spend in just a couple of seconds. Many of us are shifting our purchases to credit and we tend to have multiple cards. Free trials that automatically lead to online subscriptions have made it easy to accidentally purchase… Read More


Buying a House in Canada With Bad Credit in 2020

Buying a House in Canada With Bad Credit in 2020

Your credit is a tool that you can use to gain access to a variety of financial benefits. In fact, having a high credit score can get you some of the best interest rates on a lot of credit products, such as credit cards, car loans, and of… Read More


Using Home Equity To Pay Off a Consumer Proposal

Using Home Equity To Pay Off a Consumer Proposal

Dealing with debt can be a stressful and oftentimes confusing experience especially if you’re having trouble keeping up with payments. This is where debt relief products, like a consumer proposal, can help. A consumer proposal offers relief from collection calls, never-ending interest rates, and difficult to manage payment scheduled.  But… Read More


The Canadian Mortgage Stress Test in 2020

The Canadian Mortgage Stress Test in 2020

Meeting the requirements for a mortgage and getting approved are already challenging enough, but securing a mortgage in 2020 is even more of a feat thanks to the mortgage stress test. Starting in 2018, all Canadian buyers who are applying for a mortgage from a federally-regulated lender are now required… Read More


Minimum Credit Score Required For Mortgage Approval in 2020

Minimum Credit Score Required For Mortgage Approval in 2020

Getting approved for a mortgage these days can be a real challenge, especially with housing prices constantly on the rise. In Toronto, for instance, you’ll be paying over $820,000 for a home, which is nearly $100K more than the average price the year before. Unless you’re rolling in cash, that’s… Read More



Authors and Contributors

Loans Canada works with a series of in-house and freelance writers, journalists, and authors to develop educational content to help Canadians make better financial decisions. If you're interested in contributing content to our website, please email us at marketing@loanscanada.ca.

Note:

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster.

Loans Canada and its partners will never ask you for an upfront deposit, upfront fees or upfront insurance payments on a loan. To protect yourself, read more on this topic by visiting our page on loan scams.