If you’ve been using your credit card as a financial lifeline for a long time, it’s likely you’ve racked up quite a bit of debt. Credit card debt is among the most expensive of all debts and one of the hardest to pay off. With extremely high interest rates, it can be nearly impossible to […]
Why You Shouldn’t Use Your Credit Card for Christmas Shopping
The holidays are meant to be a happy time, spent with family, friends and loves ones. We take time to go out and shop for the perfect gift to show our love and appreciation for all the important people in their lives. However, with the Christmas carols and dazzling lights, most people get swept away […]
The Truth About Rewards Credit Cards
The word ‘reward’ has the kind of sweetness about it that few other words can match. When it’s attached to a credit card, it makes the deal even more attractive. Some people spend money left, right and centre just to earn a few rewards. This is exactly what credit card companies want, and they tempt […]
Everything You Need to Know About COVID-19 and Your Finances
With every day that goes by, COVID-19 continues to evolve and change our lives and our world. There is no doubt that all Canadians will see their finances impacted by COVID-19. While the government is stepping in to support those in need, we must all do our due diligence and fully understand what these measures […]
3 Things You Might Not Know About How Credit Cards Work
A credit card can be both a good and bad financial tool, depending on how you use it. If you use your card wisely, it can help you build up a good credit score. If you use it foolishly and go on a spending spree, it can severely damage your credit and get you into […]
Can I Consolidate Credit Card Debt?
Credit card debt seems to be one of the easier forms of credit to get out of hand on you. When carrying that little card around, it’s easy to lose sight of the fact that every time you use it you’re adding to the total debt load. The fact that you don’t see any actual […]
Three Things You Didn’t Know About Credit Card Interest
Getting your first credit card can be an exciting experience. You can shop with ease; whether it is online or in a store, it can’t get any easier than uttering the words, “charge it”! In this day and age we hear lots on the news and online about credit card debt and how it can […]
Applying for Credit? Only You Can Decide What Makes a Good Offer
At some point, most of us have been offered financial products and services we hadn’t planned on buying. Perhaps it was in the form of extra insurance on our credit card or on our mortgage, or of a “pre-approved” increase to our credit limit on our card when we called the bank for something else. […]
5 Ways To Reduce Credit Card Debt
According to a recent credit report issued by Equifax Canada, consumer debt in Canada stood at $1.529 trillion as at the end of 2014, a rise of 7.7% from $1.42 trillion in 2013. This consumer debt was primarily acquired through credit cards. The numbers when it comes to credit card debt in Canada are a cautionary tale. […]
