The Loans Canada Blog

How to Conquer Your High-Interest Consumer Debt in 2019

How to Conquer Your High-Interest Consumer Debt in 2019

Getting into debt can happen to anyone, life happens and sometimes things get out of control due to extenuating circumstances. Regardless of how you got into debt, with a little work and changes to your spending habits, it’s possible for, or anyone, to become debt free. What is… Read More


Loan-To-Value (LTV) Ratio

Loan-To-Value (LTV) Ratio

When you apply for a mortgage or another type of loan, the lender will want to assess a number of important factors before determining whether or not to approve your loan application. One of these factors is your loan-to-value ratio (LTV). Read More


20 Different Ways to Secure a Loan

20 Different Ways to Secure a Loan

In general, loans fall into two categories, secured or unsecured. You have to provide an asset as collateral for a secured loan, but you will also have more benefits available to you for the loan, such as a better interest rate and potentially… Read More


What is a Loan Origination Fee?

What is a Loan Origination Fee?

While a loan is a versatile tool that can help you out in many different financial situations, it’s important to know that they aren’t free. In fact, when it comes to most loan types, there will be a number of costs associated with… Read More


Which Credit Bureau Do Lenders Check in Canada?

Which Credit Bureau Do Lenders Check in Canada?

Creditors use credit bureaus in Canada to check a consumer’s creditworthiness before extending credit. Lenders tend to have a preference of either Equifax or TransUnion, but some will check both. Understanding what a credit bureau is, how they get their information, and how to monitor the information contained… Read More


Why Do I Have More Than One Credit Score?

Why Do I Have More Than One Credit Score?

Regular checks of your credit score and report are crucial as it gives you the chance to review and regulate your personal finance performance. Every twelve months, the two credit bureaux of Canada, Equifax and TransUnion, allow every Canadian individual to attain one free copy… Read More


6 Unexpected Expenses to Prepare For This Winter

6 Unexpected Expenses to Prepare For This Winter

Sponsored by Fairstone For this blog, we’ve teamed up with our partners at Fairstone. Having an emergency fund can help lessen the burden when it comes to paying for repairs and other expenses. But we often forget how vulnerable we are to financial emergencies, and… Read More


Will Cosigning A Loan Affect My Credit Score?

Will Cosigning A Loan Affect My Credit Score?

The short answer is yes, cosigning a loan will have an impact on your credit score. Cosigning a loan on its own won’t have an immense impact on your credit, although, how the loan is handled will determine the weight of the impact and… Read More


The 5 C’s of Credit

The 5 C’s of Credit

“Credit” starts with the letter “C,” but that’s not the only important word related to your finances that does. Your credit is a crucial component to your financial health and plays a key role in your ability to secure a loan, land an apartment, and even get approved… 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:

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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.