Tags » Credit Crisis

Most Canadians are in the dark. Shedding light on your credit score.

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

Home Buyers

Bank of Canada rate cut will lure Canadians deeper into debt, say experts

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

Mortgage Qualification

The nine rules of credit: Which unpaid bills will impact your rating immediately?

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

Mortgage Qualification

Are you helping or hurting your client?

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

Mortgage Qualification

6 Ways to Build Your Credit From the Ground Up

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

Mortgage Qualification

Living Paycheck to Paycheck on $75,000 a Year

One-third of high earners get by this way.

If you are struggling to save money and think that a larger paycheck is the key to solving your problems, a new report suggests that may not be completely true. 541 more words

Home Buyers

Shadow mortgage lending on the rise as house prices soar

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

Home Buyers