The Loans Canada Blog

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


2019: A Year In Review

2019: A Year In Review

Loans Canada – the country’s first loan comparison and learning website, was launched in the summer of 2012. Since then, a lot has changed both with our platform and in the online lending industry as a whole. Today we thought we’d take a moment to look back at 2019 and… Read More


Transferring Money With Western Union

Transferring Money With Western Union

Western Union is a union organization that allows its members to make money transfers worldwide. Members can send and receive money through Western Union and earn points while they do so. Points can be redeemed later for transfer fee reductions at a later date. Western Union is known for its… Read More


How This Canadian Millennial Saved Over $100,000 Before Age 26

How This Canadian Millennial Saved Over $100,000 Before Age 26

Started from the bottom  I used to be scared of people finding out I grew up poor.  I was embarrassed that I grew up in a 2-bedroom apartment with my family of 6. I was embarrassed that I shared a room with my 3 brothers. And I was even more… Read More


How To Pay Off High-Interest Consumer Debt in 2020

How To Pay Off High-Interest Consumer Debt in 2020

If there is one issue that most Canadians deal with at least once in their lives, it’s debt. It can be difficult for you to keep your head above the crest of an ever-rising tide of bills, credit card payments, mortgage payments, and consumer loans, but it doesn’t have to… Read More


Your Financial To-Do List For 2020

Your Financial To-Do List For 2020

With the new year in full swing, it’s time to start getting serious about your finances. We know (and hope) that you’ve already got all the basics under control; budgeting, savings, paying down on debt and cutting back on unnecessary spending. Now it’s time to take your financial goals one step further,… Read More


How to Improve Your Credit Score in 2020

How to Improve Your Credit Score in 2020

Every year, people across the country discover just how valuable the health of their credit score is. Not only can good credit help you gain access to the financial tools and products that you need, but it can also get you reasonable interest rates. In fact, many major banks and… 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.