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Consumer Proposals, Bankruptcies, and Your Vehicle
Thinking about filing for a consumer proposal or bankruptcy? You might have a few questions. One of the questions we hear most frequently is “what happens to my vehicle?” Whether you’re considering filing for a consumer proposal or bankruptcy, your car could be affected. Read on for the answer. What happens to my vehicle in…
Read MoreRebuilding Credit is Easier Than You Think!
Rebuilding credit has a lot of misconceptions around it. One of these common myths is that it’s hard to do. The truth is that with the right strategies and steps, fixing a bad credit score is a lot easier than you might think! The trick is knowing what to do and in what order. If…
Read MoreBank of Canada Interest Rate Decreases to 1.25%
The Bank of Canada interest rate is now at 1.25% – a decrease of 0.5% from 1.75%. What does the interest rate cut mean for Canadian consumers? That’s what we’re here to discuss. Why Did the Bank of Canada Cut Interest Rates? On March 4, 2020, the Bank of Canada (BOC) announced a sharper drop…
Read MoreEquity Lending Changes the Borrowing Game – We Have All the Details
Equity lending is changing the borrowing game — and for a good reason! It’s a non-judgmental form of lending that depends on security, not your past. While other lenders require a good credit score, provable income, a strong loan-to-value (LTV) ratio, and more, equity lenders typically do not. Instead, equity lenders require an asset with…
Read MoreCity of Toronto No Longer Issuing Payday Lender Licenses – What This Means for Same-Day Loans
The City of Toronto is no longer handing out licenses to payday lenders. In October of 2019, the City of Toronto council voted unanimously to stop issuing licenses to payday loan outlets. Councillors said the payday lenders are “predatory” toward low-income residents. “We heard over and over and over again stories of how people’s lives…
Read MoreAffordable Family Day Activities Around the GTA in 2020
Monday, February 17, 2020 is Family Day in Ontario! If you’re in the Greater Toronto Area, you might be looking for affordable Family Day activities to do with the kids. If so, look no further. We’ve got a list of low-cost or no-cost things to do with kids around the Toronto area. Fort York Winter…
Read MorePrudent Launches Mortgage Broker Services Division
TORONTO, ON — Prudent Financial is pleased to announce a division created exclusively to serve mortgage agents and brokers. Prudent is a sub-prime equity lender that has offered subprime loans and mortgages to the consumer public since 1983. Prudent’s new division, Prudent Mortgage Broker Services, was created to facilitate its financial products through broker channels.…
Read MoreHow Debt Affects Mental Health
It’s Bell Let’s Talk Day – a day that creates awareness around mental health initiatives. This topic is so important, particularly when it comes to finances, as money problems and mental health are often interconnected. Debt frequently triggers stress, which can reduce resilience against mental health problems. And on the other side of the coin,…
Read MoreBank of Canada Interest Rate Staying the Same for January 2020: Here’s How to Save Money From It
The Bank of Canada (BOC) interest rate is staying the same for January 2020. It’s the 10th time in a row this has happened — the interest rate has stayed at 1.75% since October of 2018. But the January 2020 BOC announcement pointed to an interesting trend – Canadians appear to be spending less and…
Read MoreThe Best Approach to Payday Loans – Consolidate and Never Look Back!
Q: What’s the best approach to payday loans? A: Consolidate them and never look back! Payday loans often seem like a good idea at first. If you need cash fast, they meet that immediate need. But the long-term consequences are not nearly as effective… When you go to a payday lender, you can quickly borrow…
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