The Loans Canada Blog

8 Simple Strategies To Get Out of Debt

8 Simple Strategies To Get Out of Debt

Canadians (both young and old) are carrying more debt than ever before with recent data showing that the average household owes $1.70 for every $1 of income. The numbers are not encouraging especially when you consider that the average non-mortgage debt stands at $29,312 per person, including… Read More


How To Improve Your Credit Score: Meet Borrowell’s Credit Coach

How To Improve Your Credit Score: Meet Borrowell’s Credit Coach

Guest-written by Borrowell You probably know that having a good credit score is a vital aspect of your financial well-being.   But do you know why it is the way it is – or what you can do to improve it? Enter the new Borrowell Credit Coach:… Read More


Vacation and Travel Loans

Vacation and Travel Loans

Life can be expensive. From the houses to the cars, to post-secondary education, certain expenses in life can be far beyond our financial reach. That’s why there are loans to help make such purchases a reality. But one such expense that you might not necessarily associate with taking out a… Read More


Easy Online Loans

Easy Online Loans

You may or may not have come across the hot commodity in the lending and borrowing market: online loans. Online loans are becoming a popular option for many consumers in Canada for very good reasons. Online lenders have many fresh ideas for how they do business which benefits consumers immensely… Read More


Everything You Need to Know About Bankruptcy Court in Canada

Everything You Need to Know About Bankruptcy Court in Canada

When consumers find themselves in a dire financial situation that has caused them to be unable to pay their debts, they may have exhausted many options to alleviate their mounting debt issues. But when all options have failed, bankruptcy is typically the last resort. With bankruptcy, your debts would… Read More


Does Using Overdraft Protection Affect My Credit Score?

Does Using Overdraft Protection Affect My Credit Score?

At some point, everyone will experience an overdraft, regardless of whether you have overdraft protection or not. It is perfectly normal to experience cash flow problems from time to time, so long as it is a temporary issue, not an ongoing one. Given the commonness of bank overdrafts, it is… Read More


Express Loans

Express Loans

Are you dealing with a financial emergency or an unexpected expense? If your answer is yes, an express loan may be the right solution for you. Express loans are personal loans that can be obtained quickly through an online platform. There are many benefits to using express loans, although, before… Read More


Filing a Second Consumer Proposal

Filing a Second Consumer Proposal

When debt woes have got you down, there are options to help you get back up. Depending on where you are on the spectrum of debt issues, there is a program or service that is best suited for you, and a consumer proposal may be it. Consumer proposals are… Read More


The CRA Collection Process vs. Bankruptcy

The CRA Collection Process vs. Bankruptcy

The Canada Revenue Agency, CRA for short, has a lot of power over taxpayers in Canada, more than you may have originally thought. For this reason, it can be unsettling to be in debt to the CRA. There are many types of debt that CRA collects including, but not limited… Read More



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