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by Jeremy
A report by TransUnion released this week, shows that Canadians are getting better at paying down their debts on time. The numbers show that a shrinking number of debt payments are overdue by 90 days or more; overall delinquency rates are at 2.58% (for non-mortgage debts), which is down from 2.69% last year. However, the amount of debt Canadians hold is up, but just slightly. Average consumer debt rose just $148 on average from last year, sitting at about $21,028. Lines of credit, including credit cards and car loans, accounting for 35% of all non-mortgage consumer debt. Experts say this new data proves that Canadians…
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Posted by Jeremy
For some people, getting out of a mortgage early is a realistic option, especially if they are doing…
Posted by Jeremy
Anytime you apply for a credit product (mortgage, car loan, credit card, etc.), your lender is required to…
Posted by Jeremy
Stories about Canadians’ household debt are making headlines this week, and whether or not the hype is true,…
Posted by Jeremy
March is Credit Education Month, and coincidentally there have been a lot of headlines lately about scams and…
Posted by Jeremy
A lot of people are being tight with their money right now, saving in the wake of uncertainty…
Posted by Jeremy
Are you planning on tackling that debt this year? Great news! But the best piece of advice to…
Posted by Jeremy
With Christmastime upon us and a new year approaching, your credit card may have been pushed to the…
Posted by Jeremy
Anytime you apply for a credit product (mortgage, car loan, credit card, etc.), your lender is required to…
Posted by Jeremy
People can work hard to prepare for financial turmoil, but sometimes life just happens. When things get tougher…
Posted by Jeremy
According to Equifax Canada, one in ten Canadians admit it’s okay to inflate their annual income on a…
Posted by Jeremy
If you’re planning for a big purchase, like a home, you’re likely paying extra careful to your spending…
Posted by Jeremy
If you’re self-employed, you may have a more difficult time obtaining financing for that home, but there’s still…
