How to Check Your Credit Report for Free in Canada – TransUnion and Equifax

Contact Information and Credit Report Forms Did you know you can check your credit report for free? However, a government mandate on privacy means you can check your credit score for free, you just have to jump through some hoops and send in some documents. It’s not easy to find all the necessary information so … Continue reading How to Check Your Credit Report for Free in Canada – TransUnion and Equifax

Terms and Conditions of Loans and Mortgages

Terms and Conditions of Loans and Mortgages – Excel Loans are among the most significant financial transactions involving interest. Loan represents a contract between a borrower and lender. The borrower is provided by the lender with an amount of money, which is repaid later, and on which the interest is paid. Mortgage is generally a … Continue reading Terms and Conditions of Loans and Mortgages

What is the tax deductible mortgage plan?

**Posted in 2008.** Again the promoters want to take advantage people’s dislike of taxes. The premise behind the plan is the make the interest on a mortgage tax deductible, by putting one’s mortgage into a self directed RRSP. Mortgage payments then become RRSP ‘contributions’’. However there are 2 catches.

Rent to Own Agreements on the Rise in Canada?

With new Canadian mortgage rules coming into effect over the Summer months, a new trend is starting to emerge amongst home sellers. With a higher percentage of the market unable to come up with the necessary down payment for a home, or perhaps they cannot qualify for a certain mortgage, rent to own has increased … Continue reading Rent to Own Agreements on the Rise in Canada?

Debt relief options – Things to know before choosing any

Taking care of your consumer debt is one of the main elements to help pull your household out of the red, but also the economy itself, back on track. Before making any decisions regarding debt relief options spend your time online researching so you understand the different options. There are many debt relief options like … Continue reading Debt relief options – Things to know before choosing any

Debt Ceiling Deal Reached – How Republicans Are Killing America

The Republican hostage taking of the American economy in an effort to keep the rich richer has won out. Tea Party members must be thrilled, in the past year their ‘compromise’ has amounted to tax cuts and spending cuts galore. And many economists will conclude that reducing government spending during times of economy downturn is … Continue reading Debt Ceiling Deal Reached – How Republicans Are Killing America

Revolving Credit Debt Rose in December 2010

US credit-card debt rose for the first time since 2008. What’s hilarious about this whole observation, as reported by the FED, is that it’s an indicator that a) Americans are spending more, b) Americans have a short memory. Part of the inability to recover from the 2008 crash, and why the crash took place in … Continue reading Revolving Credit Debt Rose in December 2010

Better Credit Card Rewards Increase Debt

Uh oh, Canadians beware. Lately Americans have overtaken their Northern neighbors when it comes to savings versus spending. Canadians have more per-capita consumer debt than their US counterparts. Canadians can’t help but overspend what they earn despite the economic climate. Turns out that credit cards are part of the problem. A team of economists from … Continue reading Better Credit Card Rewards Increase Debt