As a Canadian, maybe you’re in the dark about your credit score. In fact, if you’re like 56 per cent of the country’s adult population, … 627 more words
Tags » Credit Crisis
Some debt experts worry that the Bank of Canada’s slashing of interest rates will lure deeply indebted Canadians to slide even deeper into the red. 801 more words
It is also important to know what is on your credit report. Suppose you find yourself in a financial bind and you have to choose which bills you’re going to pay first that month. 405 more words
Are you helping or hurting your client?
Mortgage loans for clients with bruised credit happen every day – but the industry as a whole needs to ensure those loans are improving fiscal responsibility, and not sinking the client deeper in debt, says one alt lender. 337 more words
Limited or no credit? You’re in good company.
One in 10 adults in 2015 is “credit invisible,” meaning they have no established credit with a nationwide reporting agency, according to the Consumer Financial Protection Bureau. 1,289 more words
Canada’s housing boom is increasingly driving homebuyers to seek mortgages from private lenders, who demand rates that can be more than five times higher than those charged by the nation’s banks. 901 more words