What is Loan Stacking?
In this day and age, it’s not uncommon for Canadians to have multiple types of credit products listed on their credit report. Many borrowers have one or more credit cards, a car loan, a mortgage, maybe even a few personal loans to take… Read More
How to Find Out if a Loan Company is Legitimate
Getting a loan, at least once, is a necessity for most Canadians. Whether you need to get a car, want to buy a home, or simply need some extra cash to cover an emergency, loans are an integral part of our lives. While… Read More
Are Syndicated Mortgages a Safe Investment?
As the real estate market fluctuates, the people who invest in it come up with different ways of profiting during the times when it experiences a much-needed boom. Those investors can renovate houses, then sell them, or simply buy up empty property lots and develop on the land. Read More
PSA: Loan Scam
Toward the end of 2016, we became aware that the number of loan scams was increasing and our company, loanscanada.ca, was being implicated in the worst possible way. Fraudulent loan companies were posing as “Loans Canada” by using our name to scam consumers. We put out this article, informed… Read More
Watch Out For Your Wallet: Top Canadian Financial Scams
In this day and age, there’s no shortage of people who are willing to steal from you and not give a second thought about it. There are also a ton of ways they can do it. With the internet, and everyone having a phone in their pocket, taking people’s money… Read More
Beware of Fake Lenders Posing as “Loans Canada”
It has come to our attention that certain companies, operating under several names, have been posing as a loan referral service. After a consumer has submitted an application with one of these companies, the applicant will have a specific amount of money debited directly from their bank account. Read More
Reverse Mortgage Scams
At first glance, a reverse mortgage can seem like a great idea, especially for qualifying seniors that are in need of cash and are looking to stay in their home for as long as possible. You’ll gain access to the equity in your home but you won’t need to make… Read More
Scam Alert: Canada Revenue Agency (CRA)
In the past few months a new telephone scam has surfaced. This time scammers are calling unsuspecting people at home and claiming that they are the Canadian Revenue Agency. These scammers will explain to you that you owe a significant amount of money in tax debt and that they… Read More
An Introduction to Debit Card Fraud
Convenience, this is probably the number one thing most Canadians associate with their debit cards. In our day to day lives the convenience of not having to have cash on us all the time is priceless, this is why in Canada debt cards are used millions of times every single… Read More