How to get a better loan rate from your bank

Canada’s big banks are being squeezed by low interest rates and slowing demand for loans and mortgages. That means they’re more willing to compete for your business.

Bank profits depend heavily on what’s known as the interest rate spread. These institutions take deposits in the form of chequing and savings accounts that pay little interest [...]

A Cash Advance can Offer Immediate Debt Relief

A Cash Advance can Offer Immediate Debt Relief

Are you currently thinking about acquiring a cash advance? Then you’ll do well to take into account the examples below if you cannot afford to getyourself in big problems…

1) Do you need this cash advance? Or, is it just to meet a flimsy wish of yours? [...]

Three Powerful Alternatives To Bankruptcy

Running out of money and not being able to pay your bills is tough. If figures from the national money education charity, Credit Action, are to be believed Britain is rapidly sinking into a mire of personal debt. According to them the total level of personal indebtedness in Britain is rapidly approaching £1.5trillion (in July [...]

Debt Consolidation Loans And How They Can Help You

Debt Consolidation Loans Debt Consolidation Loans combine multiple debts into a single, manageable loan . Shakespearefinance has tie-ups with a range of highly experienced, competent lenders, who work towards providing competitive rates on debt consolidation loans to both homeowners and tenants. Debt consolidation loans are secured against your property and can provide lenders with a [...]

Debt settlement agency businesses growing in Canada

It’s not just personal debt that has climbed to record levels. The companies offering to help you with massive debt are also proliferating.

Call them debt-settlement agencies, debt-solution providers or whatever you want. Their names are plastered on bus shelters and newspapers and call out of over the airwaves and the Internet. Unregulated, it’s almost [...]

Missing bill payments, late charges can put a black mark on your credit record.

So you’ve missed a couple of credit card payments over the years, maybe let your cellphone bill balloon a bit. It’s all ancient history, right?

Sadly, no. Like that ill-advised photo on Facebook, your little financial indiscretions can haunt you for years.

Credit-reporting agencies, such as Equifax Canada and TransUnion, collect detailed credit information that’s [...]

Many students unaware of student loan risks

No one wants to take out a student loan. Most are forced to out of financial necessity, and some have trouble paying their loans back after they graduate. This is where credit counsellor Christi Quinn of the Credit Counselling Society comes in. Her job is to help students manage their debt before it becomes detrimental. [...]

A third of Canadians Curbing holiday spending

With the holiday season nearing, Canadians are planning to temper their spending with almost one-third (31 per cent) saying they will spend less on holiday expenses this year, according to a recent RBC survey. Furthermore, more than half (55 per cent) plan to keep their holiday spending flat and almost one-in-five (18 per cent) say [...]

Canadian mortgage debt tops $1-trillion for first time

The Canadian residential mortgage market crossed the $1-trillion threshold for the first time this year as higher prices forced many to borrow heavily to finance their new homes and low interest rates encouraged many more to refinance.

The Canadian Association of Mortgage Professionals said in its annual report to be released Monday that there were [...]

Task Force on Financial Literacy has released a report

The Task Force on Financial Literacy has released a report summarizing the public consultations it carried out earlier this year.

The report, released Wednesday summarizes the principal themes, issues and suggestions the task force heard in its consultations, including:

the need for tools to assist people with budgeting, saving and debt repayment; the need for [...]