Judy Southon never imagined it would come to this. She and her husband Vic had good jobs, raised a son and were homeowners. But after a run of bad luck, the 67-year-old wound up deep in debt and had to declare bankruptcy. 876 more words
Tags » Credit Crisis
Credit cards as a method of payment, are more popular among Canadians than ever. In fact, a recent survey by the Bank of Canada reported that credit card use was on the rise… 1,225 more words
Improving your credit score can be more arduous at certain points in life — and inspires different approaches. CBS News — with the help of Credit Karma — has broken down average credit score by age, and the options for improving a credit score. 415 more words
Many mortgage holders in Canada have very little financial cushion and could be in trouble if rates rose or they lost a job, according to a new survey. 405 more words
Only one in five consumers know that bad credit scores are likely to increase finance charges by more than $5,000 over time if you’re taking out a $20,000 five-year car loan, according to a new survey. 424 more words
Mortgage rates have been all pleasure and no pain for an oddly long time.
Take five-year fixed rates. They’ve drifted lower for more than a year and a half with no significant upturns along the way. 628 more words