personal finance Archives

The Many Consequences of Bad Credit

One of the best things that you can do to protect your financial future is to maintain good credit. Your credit score is a three-digit number that can make or break your finances. There are a number of negative consequences of bad credit. Credit Card and Loan Applications May Not be Approved Creditors know that they are taking a risk every time that they lend someone money. However, they know that they are taking an even bigger risk if they lend to someone who has a low credit score. That is why bad credit will make it a lot harder…

Stop Living On Credit And Rebuild Your Finances

When you have a large credit card debt, it hinders your ability to save for the future, a rainy day, your retirement, or any of your other financial goals. Large debt means larger interest payments, and it becomes a bigger financial burden just to pay off interest, not to mention shrinking your debt. If you’re struggling just to stay where you are and not go further into debt, you’re not making progress on your financial goals, and it’s time for something to change. In 2016, the average Canadian was carrying $21,000 in debt, not including mortgage debt, according to Licensed…

How to look after your finances

While we tend to make excuses when it comes to the way that we take care of our financial matters, the fact remains that we are all capable of looking after your money better. All it takes is simply being able to do the research and apply the knowledge you acquire in a way that is best suited to your lifestyle. While there is always the possibility of applying for additional cash from a short term loan lender or using your credit card to fall back on in times of need, it is best for us all to learn how…

Keith Springer – Why Your Family Needs a Financial Advisor

Here are some tips to let you know what you can expect from a financial advisor should your family wish to tighten things up a little.

What To Do In Case Of A Bill Avalanche

At some point in their lives, almost everyone gets overwhelmed by bills. The how and why is different for everyone. For some it’s a series of unlucky home disasters. A clogged drain is followed by a frozen pipe which is followed by a leaking roof. For others, it’s an issue with their car that isn’t corrected by cleaning, replacing parts, or updating the computer. Whatever it is that has caused your momentary financial trouble, remember that it’s only temporary. It will pass, and until it does, you can cover all of your obligations with a personal line of credit. When…

5 Tips to Get a Home Mortgage Loan

If you got into a situation when you need to get a home loan then you should understand what steps you need to make to get approved for it. With no doubt, you have lots of tries, but the sooner you get the money, the faster you will be able to resolve any of your financial problems. So read the article and learn six simple steps to get approved for home loans in Mississauga. 1. Know Your Credit Score Some people think that credit score is something they cannot influence on and so consequently there is no reason to check…

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