Can I Use a Personal Loan For Emergencies?
For this blog, we’ve teamed up with our partners at Fairstone Almost half of Canadians are $200 away from not meeting their financial obligations each month. You’re not alone if you fall into this category, but being cash strapped can make it difficult to tackle unexpected expenses. … Read More
Does Applying For a Loan Affect Your Credit Score?
For this post, we’ve teamed up with our partners at Fairstone When applying for a loan, or any type of credit, it’s important to understand the impact it may have on both your credit report and credit score. Our partners at Fairstone explain when and how a loan application… Read More
Have You Made These Mistakes on a Personal Loan Application?
Applications for personal loans can be daunting, sometimes there is so much to read and interpret. For this reason, many applicants make mistakes on their application. Unfortunately, filling out an application incorrectly can result in your loan being rejected, regardless of how minuscule the error is. To better your chances… Read More
Paying Off a Consumer Proposal With a Loan
If you’re currently working your way through a consumer proposal, you might have asked yourself, “is there a way I can get through this quicker?” The great news is, the answer is yes. It’s possible to get a specialized loan to pay off your consumer proposal. This is an attractive… Read More
What is a Balloon Payment?
Balloon payments are a non-traditional form of financing that involves little to no payments at the beginning of the loan’s term followed by a substantially larger lump sum payment due at the end of the loan’s term. Typically borrowers who want to use this type of financing must have great… Read More
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
How Do Secured Personal Loans Work?
Sponsored by Fairstone. For this blog, we’ve teamed up with our partners at Fairstone. Most homeowners have the option of securing their loan. The benefit? Secured loans can help you access lower interest rates and more money. Our partners at Fairstone helped us answer some frequently asked questions about secured… Read More
Mortgage Prepayment Penalty
A mortgage is a hefty financial commitment to repay a large sum of money to a lender to buy a home. Considering this, the thought of paying all the money that you owe before it’s actually due might be far from your thoughts when you initially take out a mortgage. Read More
Refinancing a Personal Loan
Refinancing is the process of replacing an existing loan with a new loan that has different terms and conditions. Often, the new loan has more favourable terms, which is more often than not, the reason why consumers choose to refinance their loans. In fact, refinancing can end up saving you… Read More