Tags » Credit Crisis

Five things to do if you are over-extended on your mortgage

Mortgage default may be rare in this country, but nearly 9% of indebted households need 40% or more of their gross income to pay their debt service charges, says the Bank of Canada Financial System Review. 441 more words


A New Survey Finds U.S. Citizens Aren’t the Brightest When It Comes to Money

The United States has the largest economy in the world. Its citizens’ financial literacy doesn’t match up to their country’s fiscal muscle.

According to an S&P… 229 more words

The Cable

One more time: Greek debt crisis

This economic/political soap opera has been running for 5 years already and it all indicates that more episodes are to come in the coming days. I would be very (happily) surprised if Greece’s third bailout is the final resolution to this economic mess. 1,006 more words


Why kids should be taught personal finance in school - and at home

Every year, a Manitoba high school teacher asks his graduating students to create a budget for the next year. They write down their income and anticipated expenses, but they don’t see how it adds up — and whether they’re in the red — until the very end. 902 more words

Credit Issues

How Divorce Can Damage Your Credit Score

MICHELLE PERRY HIGGINS: In all the turmoil that goes along with the divorce, one thing both spouses need to keep in mind is that divorce has the potential to affect their individual credit scores–and not in a good way. 463 more words

Debt Consolidation

Affordable housing advocates urge action on growing crisis

There are more than 4 million renters in Canada, as housing affordability nears crisis level

Four out of every 10 renting households in Canada spent almost a third of their income on rent, above the level that experts say is sustainable, affordable housing advocates said Thursday… 631 more words

Affordable Housing

Why September is the ideal time to do a financial check-in

When you crunch the numbers, consumers actually spend more during the two and a half months of summer than during the much shorter winter holidays. 601 more words

Debt Consolidation