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…


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…


6 tips to improve your credit rating

Your credit is your gateway to getting anyone to lend you money. Keeping your credit score in the attractive zone for lenders is very important. Here are 6 tips to help improve your credit rating and increasing your score. We also have a few videos on how to improve your FICO score and how a…


Bad Credit Home Refinancing Loan – How To Approach One Easily And Effectively

By: Julian Lim People who require a bad credit home refinancing loan has been rising recently these days. The main reason could be because of the impact of current bad international financial crisis. Such poor credit loans are fast becoming popular among consumers who have difficult times in meeting their financial needs. For people who…


How to Improve Your FICO® score

What can consumers do to get credit in todays world? A critical piece is knowing about your FICO® score, how it works, and how to make sure yours is the best it can be. Find out more in this short video from FICO™, the creators of the FICO® score that is used in most lending…


How Does a Secured Credit Card Build Credit?

A secured credit card helps to build credit by allowing the card holder to provide cash collateral to the bank while making payments on time. After a set period of time, a secured credit card will turn into an unsecured credit card. Find out how credit reporting agencies see secured credit cards as an effort…