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If I’m Making Minimum Payments on My Credit Cards, I Have Good Credit, Right?
There are so many myths and half-truths when it comes to credit reports and credit scores, and minimum payments represent one of the most detrimental. So many people believe that if they’re making minimum payments, on time, each and every month, they should be in great financial standing. Unfortunately, this isn’t necessarily the case. Why?…
Read MoreOutdoor Summer Activities in the GTA That You Can Do On The Cheap
With summer just around the corner, it is time to start planning those family activities. Don’t want to break the bank? We get that! Here is a list of great outdoor summer activities in the GTA that you can do on the cheap to help make the most of what Toronto has to offer over…
Read MoreInterest Rates May Be Going Up – Time to Get Your Financial House in Order
Back in April, despite suggestions of an increase, the Bank of Canada chose to keep Canadian interest rates steady at 0.5%. However, even with this decision, economists still believe that a hike is coming – probably in early 2018. So, how would you fare if interest rates were to rise? Concerned that your finances would…
Read MoreVacation Financing – Taking Out a Loan vs Using a Credit Card
With summer just around the corner, the lure of far-off places and amazing adventures can be almost overwhelming. We all want to take some time during the warm summer months and get away, escaping the routine of the day-to-day and experiencing something new. However, if your vacation financing options are a bit more restrained than…
Read MoreFinancial Counselling in the GTA: When it Might be Time to See a Professional
Canadian consumer debt is a growing issue, and many individuals struggle on a daily basis to keep up with their bills and debts. When debt builds up to a point where you are losing sleep, it may be time to get some financial counselling. Finances can be tough and debt is often very overwhelming. It…
Read MoreBad Credit Car Loans: Don’t Fall Down the Rabbit Hole
When your car is on the fast-track to the wreckers, but you have bad credit, you may just be biding your time until public transportation is your only option. Many assume that bad credit car loans are either so problematic rate-wise or that they simply don’t exist, and so many Canadians think that, when in…
Read MoreRebuilding Credit Tips: How Long Does Past Bad Credit Stay on Your Credit Report?
When you’ve struggled to make ends meet, made less than the minimum payments (or no payments at all) on your bills, or had to choose which bills to cover and which to leave for the next month, your credit report is probably feeling the impacts right now. Your credit is based on current and past…
Read MoreVacation Financing Tips for Your Summer Holiday
It is April already and that means many of us are looking forward to the summer months and getting away from the city. Perhaps you have plans to rent a cottage for a week and spend the days out on the water. Maybe a trip touring Europe is more your style. Whatever your plans, we’ve…
Read MoreGas Prices Increasing in the GTA: Tips to Save Money on Gas
With gas prices increasing all the time, it is easy to cast aside those costs as mere necessity. However, every time you fill up, that is money drained from your account. Even though we may need that gas to get from point A to point B, perhaps on a daily basis, that doesn’t mean there…
Read MoreMortgage Refinancing in the GTA: How to Obtain a Mortgage Without Getting Your Spouse Involved
When you’re in debt, finding a viable solution requires looking at the various options available to you. If you own your own home, accessing equity may be one of the best. Often leveraging home equity to resolve financial challenges is a big money saver. When this happens, however, sometimes it can be a pain to…
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