Loans For Bad Credit in Canada – You Can Still Get Them

Taxes in Canada are a real economic concern for many Canadians. Every year an average of 40% of income goes towards paying Canadian income tax. Getting into a situation of bad debt happens fairly easy for any individual. Although it is one of the last situations one would expect to find themselves in. However, the truth is that a few wrong …

How Bad Credit Affects You

A credit score influences many aspects of your life. It may make your life more worth living as well as make it a hell. This is the reason why you need to be careful with the number of debts you are carrying. Too much debt translates to low credit scores thus a bad credit. It will definitely make your credit …

Loans vs Credit Cards

Personal loans vs credit cards: Which is the best option? When it comes to borrowing funds to cover expenses or consolidate debts, there are several true and tried ways at disposal. For most, the decision lies down on either personal loans vs. credit cards. The challenging part to know which one is most suitable. Both personal loans and credit cards …

Loans vs Leases

Do you take a lease only when renting a house or a car? Are loans only meant for long-term projects? Many rarely look towards leasing as an alternative to loans and vice versa. At times, it’s not clear what the difference is between the two. After all, money still comes out of your pocket each month so it’s all pretty …

What is bad credit?

A credit score or credit rating is a method used to determine the creditworthiness of the loan applicant. It takes the form of a number, with a higher number indicating better creditworthiness. Components in the credit score The following components are an important part of the calculation of the credit score : the punctuality of payments made in the past …

How to Create a Family Budget

For singles, creating a budget is relatively easy. They tend to have a good handle on how much money they have coming in, and when tracking expenses, they only have their own to think about. But creating a family budget is a whole new ball game. Most families have multiple sources of income. And when there are multiple spenders, that …

Why Prepare For Retirement?

Time goes so fast that some people are caught unaware that life has caught up with them. These people have been very busy taking care of their families that they have forgotten how to prepare for their future especially when they become too old to work. Every person should prepare for that time when they can just relax and enjoy …

How To Get Rid Of Your Debts

Borrowing is not a bad thing, however, having uncleared debts pilling up is an alarming situation. When you find yourself in a vicious cycle of debts, it is time to find a permanent solution. Whether as an individual, a family or even a business, there are several ways you can get rid of your debts. 1. Raise Your Revenue/Income The …

4 Simple Steps to Save Money

Sometimes, the hardest thing to do around saving money is just getting started. Here are 5 quick and simple ways to do just that.  Keep track of what you are spending & create a budget – the first step to starting a savings plan is to track your expenses, understand when payments are due and where you are spending your money. …

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How to budget for better financial health

The word “budget” can instill quite a bit of fear in some people as it is often seen as a daunting and, at times, tedious task. Budgeting, however, is one of those skills that will help you have better control over your life, which makes it an incredibly vital thing to master. Not only will you be able to have …