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The Bank of Canada Interest Rates Stayed the Same for May 2018, But You Still Need to Be Prepared for a Hike
The Bank of Canada interest rates remained at 1.25% following a scheduled announcement on May 30, 2018. The Bank of Canada (BOC) kept interest rates the same but warned that higher rates will be needed over time. Economists are predicting that higher rates could be coming into effect as soon as July 11, 2018. Since…
Read MoreHow to Get Approved for a Loan When You Have Bad Credit
If you have bad credit, it can seem nearly impossible to get approved for a loan. But it’s a catch-22 because if you do have bad credit, one of the best ways to repair it is by securing financing and repaying it responsibly. When you’ve bruised your credit, several factors can help you get loan…
Read MoreCar Problems – Repairing Vehicle Vs. Buying a New One
Owning a car makes life more convenient, but also more expensive. One of the major dilemmas most car owners need to face is what to do when a vehicle breaks down — is repairing the vehicle better or should you just buy a new one? If you’re asking yourself this question, here are some considerations…
Read MoreIs Refinancing My First Mortgage the Right Choice for Consolidating Debt?
With Canadian interest rates rising and household debt levels at a record high, many people are looking at debt consolidation options. And one of the most popular is refinancing a first mortgage. If you’re considering consolidating debt, is a mortgage refinancing the best choice for you? The answer is, it depends. Refinancing your first mortgage…
Read MoreFinancing a Vacation in 1-2-3
Ah, vacation — a relaxing holiday away from home. The only thing that’s not so relaxing is figuring out the logistics of financing a vacation. The one thing that can snap you out of your blissful vacation state is coming home and realizing you’ve racked up hundreds of dollars — or more — worth of…
Read MoreWhere Do We Finance…
At Prudent Financial, we specialize in offering personal loans, car loans, and home loans to people with bankruptcies, consumer proposals, and bad credit histories. We’re also known for giving secured loans to self-employed people. Unlike payday loan companies or other bad credit loan providers, Prudent Financial has one of the lowest rates for bad credit…
Read MoreAffordable Family Activities Around the GTA
Family activities are a great way to spend the weekend together, but often it can feel like finding things to do with the kids can rack up the big bucks. Many fun family activities are expensive and if you’re on a budget or saving for the future are more of a splurge than a bargain.…
Read MoreCar Loan Financing When Bankrupt
Life after bankruptcy can come with several challenges and one of those is car loan financing. There are three common scenarios you might be facing: Discharged Bankruptcy If you’ve been discharged from bankruptcy without re-established credit, you will have a few options for car loan financing, but it will still be tough to secure. It…
Read More2017 Tax Deadline Quickly Approaching – How to Handle a Small Balance
The 2017 tax deadline is coming up quickly — April 30, 2018. If you’ll owe a small tax debt, do you know what to do? Let’s start by defining a small balance — typically, anything under $8,000 is considered a small tax debt. A balance of $8,000 or more means that if you can’t pay…
Read MoreTips for Buying a Used Vehicle Before the Spring Rush
Spring seems like the perfect time for buying a used vehicle — which is why so many people go car shopping when the weather turns warm. People don’t typically buy vehicles during the winter because of weather conditions. This shifts supply and demand. When spring comes, everyone hits the market to buy. In turn, you…
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