The Pros and Cons of Putting Down 20% on a House
Should you put 20% down on your down payment? At the end of the day, there are pros and cons to everything, and Liz Enriquez, who bought her first house at age 24, shares the tips she used toward homeownership in order for you to make the most informed decision for yourself.
Canada Child Benefit Loan Applications
CCB assistance is received in the form of a monthly tax-free payment to parents of minor children. Because the benefit is paid on a regular basis (monthly), it is considered qualified income which can be used in an application for a personal loan. In fact, due to popular demand, there is an abundance of loan products exclusively geared to child tax benefit recipients.
Why Canada’s only guarantor loan provider is exploding in popularity
Guarantor loans are exploding in popularity as the country’s only provider of the unique alternative loan type, Lending Mate, continues its national expansion.
Million Dollar Question: Should You Pay Off Debt Before Investing?
When it comes to debt, you can always hear different opinions. Some financial experts are strong supporters of the zero-debt life, whereas others suggest taking a hybrid approach. Here’s a short exercise that can help you choose the most suitable option.
How to overcome financial obstacles to grow your Canadian small business
New findings from a survey led by iCapital shed light on the greatest challenges for Canadian small businesses. Read to find out the top three reported obstacles in 2019—and the best ways to overcome them.
Cyber Insurance & Why Your Business Needs It
Cyber insurance is a specialized policy that is usually not included in your business insurance, and specifically protects your business, employees, and customers from various cyber risks. In the case your business is hacked and undergoes the hardships of identity theft, data breach or a cyber-attack, cyber insurance will protect your business reputation, finances and allow you to resume to business as usual.
Prepaid Debit Card Do’s and Don’ts
Prepaid debit cards are currently a staple in the financial sector, especially since more than 2 billion people are without bank accounts. Low credit scores mean credit card denials or, even worse, credit cards with abysmally high interest rates. That’s where prepaid cards come to the rescue.
Avoid Popular Loan Scams Disguised as Financial Fairy Tales
Consumers who find themselves squeezed tight in a money pinch can easily become victims of popular loan scams. This article will explore some of the most common of these dastardly deeds.
How SharpShooter Is Able to Offer Canadian Business Owners Personalized Funding Products
Since the company was founded in Canada in August of 2015 they’ve provided nearly $39 million in funding to almost 4,000 Canadian small businesses.
Comparing Credit Score Averages in Canada and the United States
Maintaining a healthy, if not perfect, credit score should be a top financial priority. What are the average credit scores for people in Canada and the United States? Are there differences in how scores are calculated in these countries?
OnDeck and Coast Capital Announce Groundbreaking Partnership
Coast Capital Savings teams up with OnDeck Canada to give thousands of Canadian small businesses access to financing in as little as 24 hours.
What are Debt Consolidation Programs?
Houses, cars, businesses, medical bills, school tuition fees? Because our 9-to-5’s might not generate enough for us to pay for these things in cash up front, the best way to get what you need now and pay for it later is by acquiring a loan. If you know how to budget your money and you’re…
Should You Buy or Lease Your First Car?
The process of acquiring a car isn’t the easiest or the simplest. Having a significant impact on your financial situation for years after you sign the contract, buying a car requires a lot of thorough consideration and thought. That’s especially true if you’re hoping to get your first car ever. Aside from your budget…
How To Increase Your Personal Loan Eligibility?
A personal loan is a flexible loan that enables you to receive a lump sum that you can spend towards whatever purpose you deem fit. Personal loans can be used for a diverse range of needs, such as debt consolidation or refinancing, big events like weddings, hospital and medical expenses, property purchases, and basically any...
What Is A Cost-Effective Car Finance Rate?
If you’re thinking about financing a car, then it’s important you consider the other fees and expenses associated with the purchase. Lenders won’t simply hand over a lump sum to cover the cost of the car for you without making a profit along the way. That’s why they apply an interest rate with auto financing…
How To Receive A Government Loan For A Small Business?
Over the past 10 years, the Government of Canada has made it possible for over 63,000 borrowers to receive a sum amount of $9.5 billion in asset-based financing. So, there’s no really wondering why the economy in Canada is currently powered by SME’s. If you’re running a small business, there are a few reasons…
Tips on How to Improve your Credit Score – Part 2
We will now focus on what exactly we can do to either maintain our good credit score or get out of a bad situation. Note that not all debt is created equally, and precedence should be given to those debts that will have a hefty effect on you and which will cost you more to haul.
Tips on How to Improve Your Credit Score – Part 1
Perhaps the most important variable which impacts your score is your payment history. In fact, according to many, your payment history comprises 35% of your total credit score and is considered to be the most fundamental factor when it comes to calculating your credit score.
How To Get A Car Loan With A Credit Score of 600?
Vehicle loans for cars, motorcycles, trucks, tractors, and other automobiles are among the most common types of loans people seek out. It’s almost impossible to live in the modern world without a vehicle, and cars can be needed for both personal and professional reasons, getting us from point A to point B each and every…
Getting a Truck Loan with Bad Credit
Almost everyone has to take out a loan from time to time to cover the costs of large purchases like homes and vehicles. Truck loans are particularly popular, with thousands of Canadians looking to buy trucks each year. Most people simply don’t have the cash saved up to buy a truck outright, so they…
How ConsumerCapital Offers Services Well Beyond Its Years
ConsumerCapital may be relatively new in the Canadian alternative lending ecosystem, but the company is already focused on establishing long-lasting relationships with its customers.
What is a Debt Management Program and What Are the Benefits?
But if you’ve tried a DIY approach to getting rid of debt that doesn’t seem to be working, it might be time to get some outside help. There are services available for consumers struggling with their debt. One such service is debt management.
How to Qualify for a Small Business Loan Canada
According to recent statistics, 98.2% of businesses in Canada employ less than 100 workers. This qualifies them as small businesses which are said to fuel the Canadian economy. They exist in a variety of industries, and usually have a positive reputation among buyers because they’re close to the grassroots and thus appear more trustworthy. …
A Home Equity Loan Vs A Traditional Mortgage
Trying to figure out where you stand in terms of financial stability, capability, and security? It can be tough especially when you don’t fully understand the different financial services available to you. For instance, a home equity loan in Canada is still often confused for a traditional mortgage despite being completely different. If you’re…
Home Equity Loan For Home Renovation
Leaky ceilings, a flooding basement, and faulty insulation – the stuff of a homeowner’s nightmares. But while these problems are fully repairable, very few Canadians have the funds to pay for them. A 2015 report issued by BMO stated that nearly one third of the working population in Canada have less than $10,000 in savings….