The Loans Canada Blog

The Top 5 Reasons Canadians Are in Debt  

The Top 5 Reasons Canadians Are in Debt  

If you’re like many other Canadian consumers, you likely have some debt on your plate. The average Canadian owes $8,500 in consumer debt, and that’s not even including their mortgage. And about 12% of Canadians have consumer debt over $25,000, while another 14% have debts between $10,000 and… Read More


Loan Types For Credit Users

Loan Types For Credit Users

When you’re a budding credit user, it’s important to learn about the characteristics of different loan types. Fortunately, there are plenty of loan types out there, suited to all kinds of financial necessities. There are mortgages to buy houses, vehicle loans for cars, short-term loans and credit cards… Read More


Your Guide To Budgeting in 2018

Your Guide To Budgeting in 2018

2018 is already underway and if you haven’t already, it’s time to start budgeting and saving for the sake of your financial future. If you’ve never made yourself an effective budget, don’t worry, you’re not alone. That being said, budgeting is a very important step toward gaining financial… Read More


Renting vs. Buying a Home

Renting vs. Buying a Home

The choice between renting a home or purchasing it can be a difficult one to make. Both options certainly have their pros and cons. In the end, your decision should be based largely upon your own personal needs, life goals, and financial well being. Trying to… Read More


Debt Management Products For Credit Users

Debt Management Products For Credit Users

Having trouble handling your mountain of debt? Don’t worry, you’re definitely not alone. In fact, debt troubles are a common issue for many Canadian credit users out there. What’s important, if your debt is becoming a problem, is that you take the proper steps to stop it from… Read More


How to Choose The Right Credit Card

How to Choose The Right Credit Card

Having a credit not only makes things very convenient when you shop – especially online – it’s also a great way to build and improve your credit. By using your credit card responsibly, you can effectively build a decent credit score that will take you a lot further… Read More


Filing Your Taxes When You Have No Income

Filing Your Taxes When You Have No Income

Did you lose your job? Are you on maternity or paternity leave? Are you in-between jobs. Have decided to go back to school in order to further your career once you get back into the workforce? Or have you decided to take an extended sabbatical in order to… Read More


Will Closing a Bank Account Affect My Credit Score?

Will Closing a Bank Account Affect My Credit Score?

Your credit score is a crucial piece of information that helps determine the overall health of your finances. It’s also a critical piece of the puzzle when it comes to applying – and getting approved – for a loan, whether it’s a mortgage, auto loan, personal loan, or… Read More


Loan Interest Rates: How Lenders Arrive at Rates  

Loan Interest Rates: How Lenders Arrive at Rates  

You’re ready to buy a home and are looking around for a mortgage. Of course, one of the first questions you’ll likely ask when applying for a mortgage is what the interest rate is. After all, the interest rate will have a direct effect on how expensive or… Read More


Note:

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