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Some employers may look at your credit score when applying for certain jobs.
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Recently the Ontario government asked for comments on potential reductions in the maximum total cost of borrowing a payday loan in Ontario. In particular, the Ministry was recommending that the cost be reduced from the current $21 per $100 advanced, to either $15 per $100, $17 per $100 or $19 per $100.
I've had a few people say to me recently "If you have debt, just walk away; the banks won't do anything. My friend stopped paying, and nothing happened to him. Don't bother with credit counselling, or a consumer proposal, just walk away". Does that strategy actually work?
Spring is a time for renewal and for making a fresh start. It's also time to spring ahead with some new, healthy and wonderful habits to kick start our personal finances to get them moving in the right direction. Here are five easy ways to embrace frugality in your everyday routine and habits.
Back in the 1960s, Stanford University researcher Walter Mischel conducted a famous study about self-control. After following the study group for 40 years, the researcher's findings about self-control continue to provide insight today into our collective psychology. That insight may be worth reflecting upon as we confront our current debt loads.
For most of us, spring on the horizon means it's time for our annual spring cleaning. But, if you are like most Canadians, it may be more important to focus on spring cleaning your finances rather than washing the windows or cleaning out the garage.
MONTREAL - Canadians are still on target for a record year of personal debt despite ending 2013 by making a small dent in the money they owe, says credit monitoring agency TransUnion.At the end of las...
Those graduating from post-secondary programs this spring faced the harsh reality that student loan debt in the country has exceeded $15 billion. When our financial leaders speak of Canada's current personal debt, they speak about monetary considerations like tightening mortgage rules and anticipated interest rate increases. But we don't hear many comments about current debt loads that go beyond the economics of the issue. What about the social changes that may be required to dealt with, or simply result from, all this debt?
TORONTO - A new Harris/Decima poll conducted for CIBC says half of the respondents had been able to reduce their debt level over the past 12 months.It found 71 per cent of the people surveyed national...
OTTAWA - New data on consumer credit suggests Canadians are becoming more cautious about making purchases that involve taking on debt.The analysis by TransUnion Market Trends shows average consumer de...
Canadians may say they’re serious about tackling their debt loads, but a national survey finds that many weren’t able to translate that desire into meaningful debt reduction. In an online consumer le...
Instead of making unrealistic and lofty resolutions this year, start 2013 off on the right foot by committing to a personal financial goal, and create a plan to achieve that goal.To help you get started on the road to financial health, try some of these proven methods to tackle debt, and make your 2013 financial goals a reality.
TORONTO - Canadian debt loads grew at their fastest pace in two years during the summer, according to a report released Wednesday — an alarming rate given that officials continue to warn consumers tha...
TORONTO - Canadians have pushed their debt levels to an eight-year high in a climate of ultra-low interest rates, according to a new report that suggests consumers are unmoved by repeated warnings tha...
TORONTO - Canadians are paying off more of their credit card debt and borrowing less as they cope with a weaker economy and some restrictions on credit expansion.The latest national credit trends repo...
TORONTO - About 72 per cent of Canadians say they're holding some form of debt, according to a new poll by CIBC. The bank found that of those debtholders, four in 10 say their current debt level is an...