The Loans Canada Blog

Your Debt Timetable: How Will Ongoing Debt Affect You?

Your Debt Timetable: How Will Ongoing Debt Affect You?

It’s in your best interest to stay out of debt whenever and however you can. Unfortunately, no kind of debt can be swept under the rug, whether it’s from your credit cards, mortgage, car payments, payday loans, or otherwise. Being responsible by paying your bills on… Read More


Debt Management Tips For Credit Users

Debt Management Tips For Credit Users

Managing your debt can certainly be a difficult task. While it might be simple enough at first to deal with a handful of common credit card or personal loan debt, it can quickly get out of hand, especially when you aren’t making your… Read More


Preparing for Your Retirement in 2018

Preparing for Your Retirement in 2018

By the title of this article, you might think we’re referring to the notion that you’re retiring in 2018. While that might be true, we’re also talking about the fact that no matter what age you are, if you’re earning an income, it’s best to start preparing now… Read More


Secured Credit Card vs. Prepaid Credit Card

Secured Credit Card vs. Prepaid Credit Card

Credit cards are a popular staple in many consumers’ wallets. They make it easy and convenient to make purchases without having to walk around with wads of cash and many even allow cardholders to collect points and rewards for every dollar spent. You can even order items online… Read More


Alternative Mortgage Financing in 2018

Alternative Mortgage Financing in 2018

With the implementation of new mortgage rules in Canada, including the introduction of the mandatory OSFI (Office of the Superintendent of Financial Institutions Canada) stress-test, it’s becoming harder and harder for aspiring homeowners to get approved for the… Read More


How Can I Rebuild My Credit While I’m In Debt?

How Can I Rebuild My Credit While I’m In Debt?

Sponsored by For this blog, we’ve teamed up with our partners at Fairstone. The amount of debt you have plays a role in your credit score, but it’s not the only thing that affects it. Credit utilization, payment history, and credit inquiries are all factors that can impact… Read More


How to Increase Your Credit Score Without Increasing Your Credit Card Debt

How to Increase Your Credit Score Without Increasing Your Credit Card Debt

Credit cards are often the first credit building products that borrowers interact with. In fact, it’s common for Canadians to have at least 2 active credit card accounts listed in their credit report. When managed responsibly, a credit card can be a simple… Read More


How Lenders Set Their Interest Rates (and How to Beat Them)

How Lenders Set Their Interest Rates (and How to Beat Them)

Are you considering applying for a mortgage, car loan or another type of credit product? Are you worried that the product’s high-interest rate will damage your finances and ultimately, your credit health? When it comes to loans, interest rates are a factor that many borrowers forget to take… Read More


How to Start Saving When You Have Too Much Debt

How to Start Saving When You Have Too Much Debt

It’s nearly impossible to meet someone who doesn’t have some amount of debt, no matter how much or how little. In fact, the average Canadian consumer has almost $9,000 in debt, not including any mortgage debt they might have. You likely have plenty of debt… Read More


Note:

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