Articles About Borrowing With Bad Credit

What is a Good Credit Score in Canada for a Mortgage?

If you are in the market for a property, one of the determining factors to get approved for a mortgage is a credit score. Sure, you need a down payment, and income but a credit score shows lenders how you manage credit. Without an acceptable credit score, getting a mortgage will prove to be a challenge. Here’s what you need to know about your credit score in order to get approved for a mortgage in Canada.

Buying a Home With Bad Credit: Tales of Success

If a home loan is not approved on the first try, it pays to apply with another creditor that will be open to saying yes. There are countless lenders that offer mortgages specifically for buyers with bruised credit or other financial situations. All borrowers should know their credit score in advance so they have an idea of their chances for approval.

Differences Between Personal and Business Credit Scores

Anatomy of a Credit Score

Why is pulling a credit report the first thing lenders do when an application is filed? The credit score is one method used to measure a consumer’s creditworthiness. Credit scores range from 300 to 850. Credit reporting agencies don’t pull these numbers out of thin air. There are several financial factors that, once analyzed, are...
The Emotional Effects of Debt

How Debt Can Affect Mental Health

Every adult on the planet carries some degree of debt during their lifetime. In fact, the normal rite of passage for young people is to get credit cards or student loan debt as soon as that first paycheck is earned. As time passes, mortgages, auto loans and other types of credit is added to the pile of money owed to creditors. However, there is a possibility that debt can affect mental health when finances get out of control.

How to Build Your Team Before You Buy a House

In a perfect world, you find a house you love, you buy it, and live happily ever after! If only house hunting was as fast and easy as a transaction at the mall. Buying a property is a process that requires time, money, energy, and a qualified team to help you navigate the journey. To help you build your team and prepare for a house purchase, here is what you need to know!

House Buying Tips - How to Buy a House with Your Partner

How to Buy a House with Your Partner

Buying a house is a big step. It’s expensive, time-consuming and stressful. But when everything is said and done, it can be one of the most rewarding experiences in your life. Having a partner to navigate this experience with you can be a blessing with the proper planning and communication. Here are 4 things to discuss with your partner before buying a house together.

10 Money Myths Debunked

8.5 Common Money Myths Debunked – A Financial Exposé

It isn’t always easy to spot misinformation because of the volume of money myths going around. Therefore, there’s no greater time than the present to debunk myths that have impacted how people use credit, save money, and make investments. In no particular order, here are ten of the most popular money myths!

How to Find a Legitimate Loan Lender in Canada

How to Find a Legitimate Loan Lender

Every year, millions of consumers fall victim to lender fraud in some form or another. The fight to find a legitimate lender is a real concern to potential home buyers, students, and other borrowers. But with the abundance of information and resources available, more consumers are obtaining fair financing one legitimate loan at a time.

Bankruptcy Recovery Leads to Financial Wellness

Various circumstances lead people to the doorstep of the bankruptcy court. Some people find themselves with bad credit due to a job loss, illness, divorce or other unforeseen reason that leaves no other option besides bankruptcy. Failed business ventures result in liquidating company assets via the bankruptcy process. This article will explore bankruptcy recovery topics like Symptoms of an Impending Bankruptcy, Which Bankruptcy is Suitable, Staying Financially Healthy and more!

Guide to Small Personal Loans

A small personal loan can be all that is needed to solve a minor financial issue. An affordable loan can be paid as agreed, which may lead to improved credit. Whether borrowing online, in person, or from an alternative lending source, the key is to ponder the pros and cons before jumping into a commitment, a combination which leads to a good ending.

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