Another Spike In Interest Rates Leave Canadians on Thin Ice
One in three people across the country worry that the interest rate spike could move them towards bankruptcy, according to a recent study...Read full article
Tag: loans
Feeling the pressure of rising interest rates? You’re not alone
The combination of high debt and rising interest rates is putting pressure on Canadian households, many of which are now struggling to make payments..Read full article
Don’t let rising interest rates create debt problems for you
Are feeling the pinch of recent rising interest rates after take on lots of debt during the ultra-low interest rates. Read how to prevent more debt problems..Read full article
How the Interest Rate Hike Will Affect Your Debt Payoff
It’s important to remember that all of your debt payments and your budget will be impacted by expected interest rate hikes..Read full article
Rising Interest Rates and Canadian Household Debts
For the first time in seven years, the Bank of Canada has raised interest rates. Rising Interest Rates Will Cost Canadians!..Read full article
Thinking of tapping into your home equity line of credit (HELOC)?
There are points to consider before you draw on that equity. With a home equity line of credit, you are essentially borrowing against your home...Read full article
Interest rates going up? Signs point to yes
Industry trends are indicating interest rates will increase this year. Consolidated Credit offers tips to help you manage your finances if rates go up...Read full article
Don’t back yourself into a financial mess with payday loans
Life happens and sometimes you get caught off guard by an emergency. Consolidated Credit offers tips to help you overcome some of your financial struggles...Read full article
Ontarians: Put yourself first! Putting Consumers First Act
The Ontario government proposes new changes to the Putting Consumers First Act. Consolidated Credit explains what this means to Ontarians...Read full article
Lending money to friends or family? Beware.
Are you considering lending money to family or friends? Before you do it, consider the pros and cons involved...Read full article
Almost one million Canadians grasping for a life line
TransUnion releases a new report saying almost a million Canadians may struggle if mortgage interest rates increased...Read full article
Debt disease plagues many Canadians
The mountain of debt is a tough one to shake according to a recent poll by BDO Canada. The poll says a quarter of Canadians are unable to pay off their debts...Read full article
Co-signing a loan? Think first.
Before agreeing to co-sign a loan for a friend or family member, really think about the consequences which may occur...Read full article
Don’t get stung by payday loans
The Canadian Payday Lending Association says 2 million Canadians take loans against their paycheques. You may want to slow down before you do the same...Read full article
Fast Car, Fast Money?
Auto loan debt is currently a leading cause of high debt loads in Canada, which can challenges with everyday debt management. Here’s how to manage it...Read full article
Borrower Beware: Canada’s “Wild West” Side of Debt
The debt addiction in Canada has led to some nasty side effects. The Huffington Post has launched a series called "Borrower Beware" - looking at the underbelly of debt...Read full article
Dealing with Inflation
Feel like you're spending more lately? Inflation might be a confusing topic, but one thing it clear - everyday goods are getting pricier. Here are a few ways to avoid the pinch...Read full article
Interest Rates: How Low Can We Go?
As the Bank of Canada cuts the key interest rate even lower, Canadians appear poised to take advantage - in a very good way...Read full article
Non-mortgage debt on the rise in Canada
Though non-mortgage debt is slowing in some parts of Canada, the national average continues to rise. Lowering your debt levels will take a serious effort...Read full article
The Rapid Growth of Car Loans
Executive Director Jeff Schwartz speaks to The Globe and Mail about the need to consider "wants" vs "needs" when buying a car...Read full article
