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what are the components of a credit score
- Posted February 25, 2011 by Monty Loree
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What are the Components of a Credit Score?


Today is the best time for Canadians to monitor their credit scores. It could give you a $1,000 savings a year in interest payments. During the year 1956, an engineer and a mathematician created a system for interpreting business data to assist institutions make effective monetary decisions. The system known as FICO, immediately transformed into a scoring criteria that are utilized by lenders and investors to estimate the risk involved with loaning money to companies and consumers.

How to Calculate the Credit Score



  • The financial data is obtained about your previous and current credit habits.

  • The data is then calculated into a credit score.

  • When correct payments are done based on you credit card terms, the score will increase. The credit scores range from 300-900; with the higher number as the better credit rating. Hence, a typical Canadian has a 720 credit score.


If you maintain prompt with your payments, you can obtain higher credit limits at lower interest rates since you have shown that you are trustworthy. If you haven’t had an experience with a credit card or loan, you will basically have no credit score. This will eventually make it hard for you to obtain a credit.

Five Components that Construct your Credit Score (according to Fico.ca)



1. History of Payments. This constitutes to 35 percent of the credit score. It is according on how good you pay off your debts. Each moment you miss a bill or settle late payments, your score will decrease. Any chief financial happenings in your life like declaring bankruptcy, actions done by collecting agencies, previous due payments and foreclosures will be filed in your payment history.
2. Overall debt. This takes the 30 percent of your total credit score. This is the sum of the entire credit card debt, loans, mortgages and other debts you may have and the duration it took you to settle it. If you immediately pay all your credit card debts, this will lower down your total debt and increase your score. The proportion between the amount of credit left when compared with the amount you have used will at the same time have an impact on your credit score.
3. Credit history. This involves 15 percent of your credit score, and is decided by the duration of time you have utilized your credit services such as how long you have had credit cards, loans and mortgages. If you close your previous credit card account which you have maintained for years, then begin with a new one, this shortens your history and can be unfavorable to your credit score.
4. Latest credit is the sum a lender allows for you to borrow, and accounts for 10 percent of your total score. After you are accepted for a credit card or loan, the recent credit number will be changed according to the changes.
5. Credit types take part the last 10 percent of your credit score. Big loans like mortgages have a bigger change on this number than a line of credit or a credit card.

See Also


Who Monitors Your Credit Score and Why is It Important?
Making Your Credit Score an Excellent One
6 Ways to Make Your Credit Score a Better One

External Links


Banking.about.com
Consumerismcommentary.com
Creditcardguide.com

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be free from debt and stay away from credit card debt
- Posted February 23, 2011 by Monty Loree
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Be Free from Debt and Stay Away from Credit Card Debt


In good times and in bad, plastic has been the way the Canadians shell out for just about anything and all other expenses. Besides, having credit cards is a good expediency and having the right card with you, you can even grab few wonderful offers. Yet, for a lot of individuals, credit cards can result to financial tragedy. Credit card debt is in fact, the simplest kind of debt to get into and the most difficult kind of debt to get rid of, since high interest charges and appealingly low payment requirements make it simple for individuals to wind up in over their selves.

Below are few tips to help you stay away from credit card debt and prevent reverting back into debt in the future:

Make Use of Balance Transfers to Minimize Credit Card Debt Costs

Once you have credit card debt, 0% balance transfer offers can be a big tool in assisting you to get out of debt. Having a 0% balance transfer, you can transfer your high interest credit card debt to another card that doesn’t charge for interest for anywhere from 6 months to 1 year or longer.

Throughout the duration of a 0% balance transfer, you do not need to pay the interest on your present debts. This means that all of your fees go to minimizing your credit card debt. This will let you keep a good amount of money on interest and it will also assist you get out of debt very soon, because the finances you would otherwise be using on interest fees will instead be used to settle your credit card debt.

Know Where Your Finances are Going

The moment you have blocked interest from accumulating by using a 0% balance transfer, it is time to center your interest on handling your money more efficiently. Finance management does not have to be hard, but it does take some moments and some virtues of diligence.

If you wish to stay away from having new credit card debt, your best protection is to handle your money effectively and that means projecting a monthly financial plan. This will aid you to know how much money you have coming in to your accounts and where that money goes. It also means having the self-control of the urge to spend more than what is needed.

Deal with Your Credit Cards Intelligently

Having both a low rate balance transfer and a financial plan will help you stay on track, but if you do not handle your credit cards wisely, you may be struggling with credit card debt for the rest of your life. A way to prevent this is to allocate as much money as you can to settle credit card debt. This may mean decreasing budget on travel and entertainment, yet eventually, becoming free from debt will free up more finances for you to enjoy life in the coming days.

The main catch to stay away from is running up new debt or not settling bills enough while you are under a 0% charge. While it may be alluring to pay less when your monthly credit card fees are minimized, this error can considerably prolong the time it takes you to have your credit card debt down to a zero balance.

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a report on balance transfer credit card for february 2011
- Posted February 23, 2011 by Monty Loree
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A Report on Balance Transfer Credit Card for February 2011


Over the duration of six months, it happened first time that the usual length of 0% balance transfer proposals, together with balance transfer fees, remained the same when compared to last month. Because of the expiration of two partial offers from Discover in the month of March, this month, together with January, can be the perfect time in this year for clients wanting to gain benefits of 0% APR balance transfer proposals.

February’s Finest Balance Transfer Bids


In the month of January, the finest balance transfer offers in February are restricted time proposals from Discover. The initial offer, a no balance transfer fee card, provides a 0% interest charge for a year on balance transfers and acquisitions. This is most probably the perfect package for consumers, since the termination of a balance transfer fee allows savings by $30 to $50 for every $1,000 transmitted. Like for example, on a $4,000 balance transfer, this means that there is an extra $120-$200 in savings plus the amount which can be saved with a 0% interest charge.

The highest balance transfer proposal in February also is from Discover and lasts 2 years. Nonetheless, this card has a 5% balance transfer cost. The second highest proposal, a 0% APR for 18 months accessible on the Citi Platinum Select Card, has a lower 3% fee. On a $4,000 balance transfer, selecting the Citi card put away clients $80 in payments upfront, making that card a better alternative for those clients who can reimburse the volume of their outstanding credit card debt in 18 to 21 months. Though, consumers who will require 24 months or more are perhaps better off selecting the Discover offer, since they can put away more in interest than they will expend on the upfront balance transfer charge.

Regular Balance Transfer Proposals in February


For the month of January, the regular duration of online 0% APR balance transfer offers studied was 11.6 months and the regular charge was 3.36%. Whereas these averages have hardly budged over the recent 2 months, they are noticeably enhanced than they were in Fall 2010, when the regular duration of balance transfers was 10.7 months and the regular charge was 3.88%.

Discover has 2 restricted time proposals which are the main reasons why the general balance transfer market stays so tough. Without these exceptional promotions, the regular duration of balance transfer proposals would be approximately as low as it was in September 2010, having a figure of 10.8 months, with the regular charge of 3.47%. When these promotions end at the start of March, clients who did not take advantage of these deals will have lesser alternatives.

Not including the best offers from Discover and Citibank, the total balance transfer market is astonishingly weak, while the regular duration of 0% APR deals falls to 9.9 months. Another unique offer from the rest comes from Capital One, since the Capital One Platinum card provides a 0% APR on both expenditures and balance transfers for 15 months. Chase also has an above regular 0% APR transaction on the Chase Slate credit card. The stretched advertised charge lasts up to 18 months, although few applicants may be accepted and only approved a 0% charge for 6 months, making this offer fine only for those with outstanding credit.

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debts from credit card continues to increase the reason why many clients are opting for debt resolution
- Posted February 23, 2011 by Monty Loree
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Debts from Credit Card Continues to Increase: The Reason Why Many Clients are Opting for Debt Resolution


Americans are reverting to their old practices of racking up credit card loans with the hope that the economic status will get better. The "all pay for it later" habit has lastly reached up to many Americans who have fully used out their credit cards and are having a big difficulty in settling them. Debt resolution cases are at an all time increase and credit card agencies do not have a choice yet to create debt settlement deals.

Companies in credit cards and other creditors of unprotected loan are very apprehensive regarding the increasing rate of delinquent financial records. The truth is that a lot of clients simply cannot manage to settle their credit card loan. To stop them from declaring bankruptcy, creditors on the other hand, are left with no option but to negotiate and receive a smaller installment. They are aware that if the debtor were to be established under bankruptcy, they would definitely have their money back. In short, a debt resolution frequently creates a financial sense for creditors. When half of their money is returned, it is better than not having to receive anything at all.

The latest federal laws, in fact, allow the process of debt resolution much better for consumers and small businesses looking for relief in their loans. Last October 27th 2010, the federal trade commission created new provisions which forbid debt resolution companies from gathering upfront fees. In the meantime, when a person joins a debt settlement program, they must have their loan settled for a specific proportion which is usually 35%, or they won't have to shell out a single penny.

Prior to selecting any debt relief alternative, it is best to consult with a debt relief network. They will give a free and balanced analysis of what debt relief alternative will be effective for a certain scenario.

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clients may be using finances they dont have
- Posted February 21, 2011 by Monty Loree
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Clients May Be Using Finances They Don’t Have


Over the holidays, a lot of economic analysts and businessmen were excited about the general increase in relation to spending using credit cards, since many perceive this as an indication that the economy could soon get better.

Nonetheless, a lot of consumers may have been loaning the finances that they can’t afford to settle. By spending more than they can afford, these cardholders could be putting themselves up for more liability and credit damage eventually.

On top, most Americans are not up to savings these days, overturning an uphill trend that has been occurring ever since the year 2007. During December of last year, the rate at which clients allocate their earnings to their savings bank decreased to 5.3 percent, way lower from the 6 percent determined in August.

An economist mentioned that while the figures have evolved over the recent six months, this may pinpoint to a faulty system rather than a notice that clients are taking on more loan.

Further censure of the method is that it does not feature in aspects like real estate appreciation, capital gains and stock holdings. Hence, it creates excessive focus on revolving debt; the debt that has been making clients build up with basic credit card spending. The subsequent huge marker of the overall savings trend could be the sales made on February 14th, Valentine’s Day. Clients are anticipated to give away more than $100 on their loved ones and partners over the duration of the occasion. Moreover, if credit card transactions once more display large profits, this may be indicative that consumers are going back to their previous spending practices.

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who monitors your credit score and why is it important
- Posted February 21, 2011 by Monty Loree
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Who Monitors Your Credit Score and Why is It Important?


There are three major credit bureaus in Canada. These are namely Equifax Canada, TransUnion Canada, and Northern Credit Bureaus. Every credit bureau may have a varied score which relies on the documents that they have for each client. In Canada, free credit reports are constantly accessible when requested. Remember that recurrent requests will not have any effect to your score as it does in other countries.

Credit scores are commonly categorized into six levels. Each level corresponds to a certain interest rate that must be paid. That is the reason that you must know your credit score. For example, you have a credit score o 659. This score means you belong under 620-659 bracket or level. If you can add to your score by just one point, it will become 660. Having this score places you in the 660-699 level, which could eventually result to a huge amount of savings in interest for a year.

It is recommended that clients must check their gross debt service ratio which is the proportion of your yearly debt commitments to your annual income. The consumers should not go beyond 20 percent. When they have a monthly income of $3,000, they must only be allocating $600 to service debts. In this manner, there is no decrease in your savings rate.

It has also been advised that unfortunately, our recent information displays that the weaker economy together with increased personal debt levels has resulted to a rising figure of clients declaring bankruptcy. Hence, this has a long-term impact on credit scores and will surely decrease the credit score of an average Canadian.

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how unique is a cash back credit card
- Posted February 19, 2011 by Monty Loree
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How Unique is a Cash Back Credit Card?


Cash back credit card is a credit card similar to any other in which you have a spending limit and you are permitted to utilize the card as a substitute of paying cash for something at the time of purchase. The only difference with this sort of credit card as compared with others is that every time you purchase something you will acquire cash back. A lot of cards refer to the cash back as rebates, thus fundamentally whenever you purchase something you are rebated a percentage of the purchase value of that item.

The best thing about cash back credit cards is that you don’t get this rebate just once or on particular purchases, in most instances you obtain cash back on every purchase. Hence, if you put together ten separate purchases in a day you would be given ten different cash back rebates for those purchases. It sounds too good to be true, but it’s for real and the savings can add up over the course of a month or even a year.

The means that the cards work is that when you submit an application for the card you are informed how many rebates you will be getting on every purchase. As a result, if you accept a card that has a 1% rebate for each purchase and you spend $100 you would receive $1 back. Doesn’t sound like that much but take think of it this way. If you spent $500 a month for a whole year then you will get a bigger rebate. The money adds up without you knowing and you can use these funds in other transactions.

What makes Cash Back Credit Card Advantageous?


The good thing about the cash back credit card is that you are saving all around on your credit purchases for the reason that you are not only receiving the rebates, you are paying less in interest because you aren’t charged interest on the rebated amount. It may not appear like that big of a difference, but at the end of the year you could accumulate hundreds of dollars in rebates, which could mean hundreds of dollars in interest that you would have paid. It basically makes sense to use these cards if you can be eligible for them because the savings are almost unrestricted. Look into the cash back credit card offers that are out there for you to take benefit of and think about how much you could save if you continually use your credit cards.

Cash back credit cards allow customers to get benefits on certain purchases. The offers change for different credit card companies. Several offer advantages on nearly anything while other companies grant higher rewards on purchase of particular items. Cash back credit cards are having unique alternative in saving money. Cash back credit card users earns from the cash reimbursement on spending made depending on the total amount.

Cash Back Credit Cards Offer Great Rewards


The rewards of cash back credit cards vary from one creditor to another. One percent is the lowest limit on cash back credit cards while six percent is more often than not the highest reward of cash back benefit. Banks and credit card companies generally put rewards on the procurement of certain chosen products.

Typically purchases made at drug stores, gas stations, grocery stores and others, carry larger cash back reward percentages ranging from four percent to six percent. A number of cash back credit cards require the user to pay out a specific prearranged amount on the credit card to be able to activate the use of the cash back service.

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how to avoid being a victim of identity theft in canada
- Posted February 19, 2011 by Monty Loree
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How to Avoid Being a Victim of Identity Theft in Canada


Canadian credit agencies have reported that there are more or less 2000 people every month that have their identities and personal information stolen or compromised in several ways. Nevertheless, there are few things you can do to safeguard your personal and financial information from being stolen and harmed by other people.

Obtain A Copy of Your Credit Report and Read Thoroughly

Under Canadian law, you are allowed to get one free credit report from every major reporting agency each year, and every time you get denied in obtaining a credit. Take benefit of this law. When you acquire your credit report, you must scrutinize it watchfully for information that you did not do, applications for any service that you did not apply for, and change of address that you did not approve. These can be simple mistakes which you will need to correct. However, they can be indications of an identity thief who is attempting to draft in your credit. If you do observe any of these signs, contact your credit company and your local police right away.

Keep your documents secure

If you go out from your home, keep your personal documents in your house except if you are certain that you will require them. In nearly all cases, you will not require your social insurance card or your passport. Do not take it with you. They can give very valuable information to thieves. Do not leave cheques inside your car visible enough for other people to see and only bring with you credit cards that you will make use of. If you utilize an ATM or purchase things using your debit card, cover the keypad when you input your PIN, look around to check if somebody is watching you very directly, and stay in high-traffic, well-lighted areas. If someone asks you to scan your credit or debit card into two different machines, do not do it. Given that, the second machine will simply record your information for future use.

When you are at home, you must take the follow the same kinds of safety measures. Identity theft can take place when thieves get your personal documents from your trash or from your mail box. Several of the most known documents are pre-approved credit card offers. The thief can basically take it and submit an application using your name. They will then change the address for the reason that your credit card will now go to them. These offers must be shredded, or torn apart and thrown away in different trash containers. The will also be true for any other documents with your social insurance number or other confidential information on them.

Be Knowledgeable in Using Computer

Computer hackers crop up with ever more smart methods in acquiring your personal information from you. They can say that they are an employee of your bank or your internet provider, and needs your password or bank number. Legitimate companies are not doing this. Thus, never provide this information out on line. Yet, few of these solicitations seem to be very valid. Hence, if you are uncertain, call or email your company to inquire them if the offer is legitimate. Be sure that your passwords are hard to crack, and never utilize simple information consisting of names or birthdays.

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a way to verify you credit rating
- Posted February 18, 2011 by Monty Loree
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A Way to Verify you Credit Rating


There is no single reason to be spending a huge amount of money on interest just because you did not settle your bills before the due date. Those clients who have a respectable credit score can save a lot of money. Here are few points to follow to know your credit rating.

Since letting somebody borrow money entails trust and risk, the system on credit rating is created to assess each person's unique financial routines. That is the reason that it is so significant to have a good credit score. The credit score will reflect two important aspects: the amount of credit you are qualified to obtain and the rate of interest you are projected to pay.

Moreover, a very low FICO credit score number (349 to 619) can change your life in a different ways. Usually, your applications for credit cards or loans will not be accepted. It is unattainable, or very hard, to own a house or a new car unless you are already eligible to shell out the entire sales price upfront.

Having a fair credit score of 620 to 659, you are still a big jeopardy to creditors. With this rating, you may meet the criteria for small loans and credit builder credit cards. However, you should foresee to give very high interest rates. This can accumulate a big amount of expense to any large item.

For those who have a fine credit score that of 660 and 749, they have more chances to use large amounts of money at lower interest rates. They are eligible for the best credit cards and all types of other incentives such as better mobile phone plans and less expensive insurance. Landlords also have a preference for tenants with good credit scores.

Most importantly, any credit score which is above 750 is considered excellent.

Annually, you should ask for a copy of your credit report to confirm that there are no errors and to check if your identity has been taken by somebody else. Hence, if you see any mistakes, get in touch with the credit reporting agency right away.

There are three options to ask for a free document of your credit report to be mailed to you. You may contact a 1-800 number given by the reporting agencies TransUnion and Equifax, ask for a request by mail, or create an online application. You will just have to give some essential identification information.

Subsequently, if you will apply for a credit card or mortgage and need it the soonest possible time, you can obtain your credit report quickly online for only a fee of $15. If you also need the report to provide your FICO score number, include it in the request. You will have to give an extra amount of $10 to have the FICO credit score number included in your report.

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do the reward programs in credit card enhance card debt
- Posted February 18, 2011 by Monty Loree
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Do the Reward Programs in Credit Card Enhance Card Debt?


Termination of the credit card reward programs may perhaps cause a decline in consumer debt, based on a research co-authored by a Rotman School of Management University of Toronto professor.

The benefits provided by credit card companies such as complimentary airline miles, dining dollars or markdowns at a particular shop, frequently promote excess spending and eventually add to the big figure of Canadians loaded with credit card debt. This has been confirmed by the 2008 review by Andrew Ching, an assistant lecturer of marketing at the Rotman School of Management and, Fumiko Hayashi, a senior economist at the Federal Reserve Bank of Kansas City.

In the pursuit to accept credit card bounty, clients may satisfy their appetite at the expense of their bank accounts. Because of rewards, this makes consumers more apt to make use of their card, although they have an unsettled balance, the report said. And the only answer to debt incurred by the beauty of rewards is to take out the incentives in the card. This could assist to avert the piling up of credit card debt by clients who are after rewards points.

Removing the rewards programs may have a financial effect on credit card companies, which depend on the reward programs as a way of inviting clients and promoting those they have to keep charging.

The researchers Ching and Hayashi said that if all the reward programs on credit cards and debit cards were terminated, then almost all clients would continue using the cards they already have. However, they may use them in a varied manner. The figure of credit card transactions is predicted to slowly reduce while the dependence on debit cards would go up.

The study confirmed that reward programs are more gainful for credit companies to guarantee continued card use, but they are not as life-changing when thinking of debit card loyalty. One more side effect of terminating the tempting credit card and debit card deals would be a low proportion of clients abandoning plastic for paper alternatives of payment.

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ways to avoid credit card fraud
- Posted February 15, 2011 by Monty Loree
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Ways to Avoid Credit Card Fraud


In the year 2005, statistics displayed that credit card fraud had about C$2.8 million which was lost because of deceitful use of MasterCard and Visa alone. This report was given by the Royal Canadian Mounted Police (RCMP).

Luckily, credit card users can do something to guard themselves. Currently, credit card fraud outlay clients and credit card issuers as much as C$500 million each year. These depressing figures imply that credit card fraud is still increasing. And with the present status of the economy, credit card users may be more susceptible than ever to robbery.

A private financial consultant named Bill Christie once said that thieves have gotten wiser over time. He stressed that they don't seem to aim the wealthy users for the big catch as much since they seem to focus on little bits from the most defenseless consumers.

Those defenseless individual who include fresh immigrants and the old, are who experience these situations. That is the reason why the Bank Of Canada, in cooperation with the RCMP, Canada Post, more than a few commercial banks, Payment Card Partners (Visa, MasterCard, etc.) and industry corporations collaborated to discuss fraud. They have come up with a compilation of self-education kits which includes DVDs, for sellers and consumers, accessible on the website of Bank Of Canada.

Additionally, a lot of financial corporations and lending institutions provide pointers on how to stay away from fraud of all kinds, specifically credit card fraud. Christie believes that such facilities may need to be more insistent in their strategy to making the average client to sit up and take accountability.

Below are some pointers from both Christie and Bank of Montreal on ways to safeguard yourself from credit card fraud:

Online/Interac

  • Always keep your passwords and PIN to yourself.

  • Confirm that no one behind you can view what you're typing on Interac machines.

  • Constantly erase your cache after doing any online transaction.

  • Do not let your browser to "remember" your passwords.

  • Select passwords that wouldn't be simple to deduce, like combinations of letters and numbers.

  • Do not forget to log off after finishing a transaction in the internet.

  • Do not reply to an e-mail asking you to click on a linkage to bring up to date or verify significant data.



In General

  • Keep only several months old worth of billing statements and discard the previous ones.

  • If possible, op for paperless transactions if your bank allows this alternative.

  • Confirm your credit history annually. You can do this by contacting credit reporting agencies like Equifax Canada and TransUnion. These documents display credit updates for all transactions with your name attached to it.

  • Verify monthly statements meticulously and give details for any inconsistencies noted.



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stay away from the traps of introductory low interest credit cards
- Posted February 15, 2011 by Monty Loree
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Stay Away from the Traps of Introductory, Low Interest Credit Cards


Did you experience accepting one of those invites to apply for a low interest credit card? Make sure that you are equipped with information before you affix your signature on the dotted line. Years back, Greg Lipinski signed up for several low-interest credit card offers, however, he did not read over the contract and verified what he was getting himself into.

Lipinski said that his applications were approved almost immediately and he got his cards in no time. He said that they even provided him with high credit limits which he considered to be great during that time. However, a year later, the APRs drastically increased, and then he cannot anymore keep up with the bills. Eventually, his credit was entirely a disaster.

This is actually normal. Together with several young Canadians looking for alternatives to build up a strong credit history, Lipinski was convinced with the low-interest-rate net that many credit card companies offer. A lot of people cannot actually read when applying for these packages is the clear message -- that the interest rate will increase the moment the introductory period has ended. And if you do not monitor when the introductory rates end, you will find yourself caught off guard. It can be overwhelming for those who utilize their cards liberally without distressing about the situations. Yet again, there are tips on how to safeguard yourself from interest rate attacks.

Subsequent to getting himself into a huge amount of debt, and ridiculously asking his mom to co-sign a loan to pay his debts, Lipinski looked back to his previous low-interest credit card offers once more and he was shocked with what he found out.

He said that he was so stoked to procure the card that he did not notice that his interest rate would increase from 1.5 percent for 9 months up to 29 percent after the introductory period. He had 3 cards having similar, great initial rates, and made use of them all, then he had no means to compensate what he spent when the rates drastically increased. Subsequently, Lipinski utilized one credit card to pay the monthly fees on the other, a sequence that may maintain your credit history up to par, but this will stuck you in debt.

These are some tips you must know before affixing your signature on the dotted line:

Read first before writing your signature. The applications you receive in your mailbox will let you know what will happen next when their awesome low-rate period has ended. You just have to look for it since it is encoded so small that almost all of us do not even give time to try and read it, however, it is actually there. Give a minute or so to comprehend completely what the card gives and how things will transform once the introductory period has ended.

Research for materials. When you browse over the websites of large banks like TD Canada Trust or BMO, you will see that they do have lower rate cards for students, businesses or rich customers (as low as prime + 1.9 percent), however, these rates remain with the card. This means that they do not transform after a certain period of time. Moreover, there is nothing bad with most of these low-rate card facilities. They aid a lot of individuals reestablish or even begin a credit history. Just be cautious not to immediately grab on the first offer; hence, look for the best offer.

Grab the best alternatives. The perfect thing to do is to select the card providing the lowest initial rate, the lowest permanent rate and the one that does not have an annual fee. Considering that these corporations, and even the huge banks, generate an income from interest and fees will assist you to be aware of the best accessible card offer.

Speak with a representative. Do not grab the offers according to face value. Speak with someone. And they are not the ones who are instructed to talk you into signing up. Speak with a person with a high position like a manager. Inquire about their rates and what they can provide you. Let them know that you are shopping around and you want the best proposal.

Remain on top of the introductory time stage. You must be aware that the rate change will occur without notice. Frequently, they estimate the date from when they accept your application and not when you accepted and listed your card number. Be certain that what you have on the card is completely settled before that rate change happens so you will not be charged of any interest at an advanced rate.

The most significant thing to do is not to utilize the card except you can settle what you put on it immediately. Do not be trapped in the series of only paying the lowest amount on an enormous balance. With high interest rates, the lowest amount hardly includes the interest charges. It is difficult to stay out of that cycle once you are already in it.

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5 ways in building credit after experiencing bankruptcy
- Posted February 12, 2011 by Monty Loree
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5 Ways in Building Credit after Experiencing Bankruptcy



It is not easy to restore your credit after undergoing bankruptcy. However, many are successful if you are just patience enough. Regardless of the difficulties placed on individuals who are filing for bankruptcy, it is still achievable for them to re-establish their credit, acquire credit cards, and to start once more. All it needs is patience and an organized plan for it to happen.

Following your filing of bankruptcy, the information will still stay on your credit report for six years. However, that information will not stop you from creating a new credit or getting new credit cards in the future.

Here are five simple ways to help you start building a good credit history:

  1. Get in touch with your bank and inform them that you want to rebuild your credit history. Your bank is a helpful source of information and can assist you in choosing the most excellent plan in restoring your credit.

  2. If you own a savings account, get hold of it. If you do not have any savings account, this will be the best time to have one. Make sure to have an automatic withdrawal plan with your bank. Each pay off period, you must have a small amount of money that you will deposit in your own savings account. You will not notice that it has already accumulated to a certain amount.

  3. You must pay for your bills promptly. Settle the required monthly payments of your student loans. Pay off each of your credit card bills promptly and completely when you receive your credit card bills. You must also pay your utility bills on time.

  4. After you have talked to your financial institution, you are expected to get an advice to apply for a secured credit card. This kind of credit card is supported by your savings account. With that, the credit card limit of the card you own will be equal to the total money you have in your savings account. The secured credit card functions more or less similar to a real credit card. As you put together regular payments using your secured credit card, the information will be forwarded to the credit rating companies. This means that your credit history will be improving every month.

  5. As a card user, you have the authority to create a note and place it in your credit file with every major Canadian credit companies which is Equifax Canada, NCB Inc. and TransUnion Canada. This is would compose a 50-100 word statement that can be provided to anyone who wants to have a credit report coming from you. It is important to follow every step for you to be in the right track towards building a new, better credit history after having bankruptcy.



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credit card insurance is it ideal and necessary for you
- Posted February 11, 2011 by Monty Loree
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Credit Card Insurance: Is It Ideal and Necessary for You?


When you make your credit card payments every month, it can be difficult if you just underwent a sudden illness or you lost your job. With that, it is best for you to get credit card insurance.

Credit card insurance policies guarantee to look after you against unforeseen events consisting of severe injury, disability, accidental death or loss of job by paying off the minimum payments of your credit card. Credit card insurance can be very helpful in maintaining a good credit score while you are not able to put together any payments particularly when you are ill.

However, credit balance insurance policies can provide peace of mind in time of difficulty. There are several factors consumers must remember when they are going to decide whether or not it is worthy to pay the premiums.

Here are some tips for consumer who wants to be safe and secure:

1. You might already have sufficient credit card coverage without you knowing it. A lot of life and disability insurance policies take account of paying off your credit card payments. In addition, the cost of credit card insurance can differ. Thus, make sure to look and compare insurance offers. According to the FCAC, premiums can range from $0.49 to $1.50 for every $100 of outstanding balance of your credit card. It is essential to be sure that you are not already qualified for a different kind of insurance that will cost you less.

2. If the amounts of your outstanding credit card balance changes, wait for your premiums to change as well. Premiums are usually charged directly to your credit card each month and will vary depending on your outstanding balance. The lower the balance you have, the lower the premium you will be paying. If you hold a large balance every month on your credit card, the credit balance insurance premiums can suddenly increase.

You have to be cautious regarding your premiums. They can add up into your account quickly. Additionally, if you are getting near your limit on your credit card, the premium fees can make you go beyond your credit limit. If this occurs, your credit card company may charge you with an over-the-limit fee.

3. If you are not sure of your credit card insurance is the best for you, you can ask your card issuer a 30-day trial. Normally, you can discontinue anytime or even get a refund for the premiums you have already paid off. Be sure you withdraw the policy before it turns into an automatic monthly cost on your credit card bill. It is best give time in checking your credit card statements. If certain words appear in your statement such as payment protector premium, you might already be paying off for an insurance coverage without you knowing it.

4. A lot of credit card insurance policies have some conditions and restrictions. When you read the fine print of the contract, it is an excellent step in understanding what you can and cannot anticipate from a policy. For instance, you must be aware that you should be not more than 70 years old to be eligible for such type of insurance.

Other Common Limitations


The company will pay for your credit card debt. However, it will be up to a maximum amount which will range from $5,000 to $50,000. Coverage is usually limited to critical illnesses taking in cancer, multiple sclerosis, paralysis and other severe conditions. Nearly all policies will only make you pay the minimums you have return to work. Credit card insurance can assist in times when you lose you job or have a grave injury. However, when you want to protect your finances, it is at all times rewarding to read the fine print and to consider different options available.

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credit card contracts 7 tips in understanding it
- Posted February 11, 2011 by Monty Loree
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Credit Card Contracts: 7 Tips in Understanding It


Whether you are paying off your cell phone bill using your credit card or simply applying for a new card, there are several things you must be aware of regarding contract with the card issuer prior to signing the contract. If you skip in looking at the fine print, you will be surprised of the fees and high charges. In addition, you must fully understand the fine print stipulated in your contract. You will be able to come up with better decision as how you are will be using your credit card.

There are 7 essential things you must be knowledgeable of concerning whichever contract you are going to sign:

1. You must have a detailed understanding of your contract regarding the terms and conditions. You must be aware of your interest rate, the fees, the charges and the grace period given when you make a purchase. You must also be cautious to some cards that automatically charge the interest as soon as you made a purchase transaction. Each of this information is written under your contract.

2. You can shop around. You must at all times check your different contracts coming from certain multiple vendors to get the best offer, benefits, perks, terms and conditions. Better However, if there is Card Company that provides better terms compared to others, do not be fearful to discuss for a better program or a better interest rate for you to have. You will be surprised that the card issuer will give your request.

3. You may sometimes want the pitch of a salesperson. However, do not trust on friendly gestures. Given that a contract is not worth it if the card company raise there rates. With that, make sure to inquire from your friends or family regarding the reputation of the company. Or you can check with the Better Business Bureau or explore the company in the internet.

4. Rates are cheap when talking on the viability of the contract. Coming from the Financial Consumer Agency of Canada, you must never believe in verbal promises. Be sure that any agreements or claims made by a salesperson must be placed in the contract. And if you come to a decision to remove some provisions from the contract that are not desirable, be sure that all these changes are made with your presence as well as the salesperson prior to your signing for any legal terms.

5. Keep your contract in a safe and secure place. Companies keep an organized file of their contracts. You should also do it. That is for the reason that it is not unusual for a company to right away renew a contract within a particular time period, change interest rates or terms. With your original contract on hand, you will have easier time making any complaint.

6. Always take your time. It means that you should read your contract. Make sure that you are decided of what card you will apply for. But if you are still not definite the right card for you then you should think of it. You can ask advices from your friends or anyone that can help you decide.

7. Learn how to end a contract. Coming from FCAC, there is short period of time given to allow you to withdraw from a contract not getting penalized. It must also be stipulated in your contract. If it is not, the FCAC will advice you to check the Consumer Protection Act depending which province or area you belong to keep away from incurring additional fees.

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debt relief solutions for canadians who love credit cards
- Posted February 09, 2011 by Monty Loree
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Debt Relief Solutions for Canadians Who Love Credit Cards


Canadians love owning credit cards. There are more or less 37 million debit cards and 72 million credit cards be used all over the country. The Credit Counseling Service of Toronto showed that it is not unusual for Canadians to own 8 to 10 cards having a debt credit of $30,000 or more. Based from the current statistics coming from Equifax Canada, the total outstanding credit card debt has already reached $78 billion in September 2009. It has an increase of $76 billion compared from September 2008.

That is the reason why credit cards are the main reason of having personal bankruptcy in Canada. However, an increasing credit card debt does not require you to have a one on one meeting with a bankruptcy trustee. A debt management and credit counseling organization provide tested solutions in solving your credit card debt.

Think of a consolidation. One of the most successful ways to lower your credit card debt is to search for no-interest options. Even if it unsafe to get an interest-free loan with your parents or close relatives to pay off your debt. It can be an option. If it is not a good decision, home equity loan can be an outstanding means to pay off the balance on your credit cards having a low interest rate. A line of credit coming from a homeowner is generally a bit higher in percentage compared with the prime rate. With that, you are paying off very low interest on the loan, which allow you to hit the principal. Yet, experts are separated on tapping into home equity to pay off the debt as a lot of individuals find there own selves indebted over what are the values of their homes having a poor economy.

Transfer your balance. If you have several credit cards, you might need to think of a balance transfer. Initially, check on credit cards that have the most convenient payment conditions and have the lowest interest rate. The advantage is that when you hold similar amount of total debt, your interest is somehow be greatly low. Just keep in mind that there are lots of credit cards balance transfer fees. Thus, make sure to pick the card the offers the lowest penalties.

Ask for an expert advice. There is an adversary that the consumer encounters during the time when they paying off their credit card debt which is their own self. If you hold a credit card balance, you must have to keep track on what you are spending with your money. Luckily, a credit counselor can assist you to be true with their financial situation and make a reasonable credit card relief plan that is not just done immediately but for a certain period of time.

Try to negotiate. Credit card companies are not doing business to loose money. It is one cause why they are willing to lower your existing debt balance. Certainly, your debt negotiation success usually will depend on your present status with a credit card company. If you are not paying your bills, and if you have not made any minimum payment, then making negotiations is useless. Aside from that, a debt settlement generally gives short-term relief. Visiting your bank or calling will typically grant you a six-month gap and slightly lowers the percentage points. Therefore, be realistic with your expectations.

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6 ways to make your credit score a better one
- Posted February 09, 2011 by Monty Loree
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6 Ways to Make Your Credit Score a Better One



When you have a bad credit history, it does not mean that you will be carrying it for life. It is factual that financial mistakes consisting of late payments, bankruptcy, foreclosures and repossessions can be placed in your credit report and remains to be present there for more or less seven years. Yet, there are methods and ways you can improve your credit history.

You can completely repair and make everything better by yourself. However, an important factor in improving your credit history is persistence and determination. This will not take place in just an overnight.

Here are some tips for you to have another chance in improving your credit rating:

1. Applying for a secured credit card. A secured credit card is a type of card that has a secured fund in which you have deposited with the card issuer or to the financial institution. In addition, the credit limit of the card is set depending on the amount that the cardholder has deposited. A secured credit card will be reflected on your credit history as an ordinary card. Yet, secured credit cards are not difficult to apply for even if you have poor credit history. You can then utilize it to start building you credit history.

2. Get a Registered Retirement Savings loan. An RRSP loan will not only assist you in maximizing your retirement plan contribution. However, since it normally has low interest rate, you can pay for it within one year. It can then automatically provide you positive information in your credit history.

3. Do not be hopeless. There are some organizations that offer services that they will help you fix your credit record and aid you in repairing it. Do not be one of the victims and do not trick yourself in considering that it will only take a short span of time. It is legally not possible to change or revise an accurate credit history.

4. Limiting your own self from owning credit cards. It is true that even though you pay off your credit cards on a regular basis, having a lot of credit cards can affect your credit history. A creditor can tell you that you have the possibility to put yourself into high debt for the reason that you have five credit cards with a $7,000 credit limit on every card. There will then be a possibility that you can have a debt of $35,000. For sure, your balance will stay at zero on each of your cards. However, a possible creditor might recommend that it is in excess to open a credit.

5. Visit a credit counselor. A credit counselor can not only provide excellent tips on how to deal with your money better. However, they will give you several ideas on how to guarantee you do not put in more damage to your credit rating.

6. Stop applying for multiple credit lines at one time. If inquiries are wide-ranging and in a short period of time, can seem to be damaging on your credit rating, it can appear as if you are searching for credit or aiming to collect the various kinds of credit. Discontinue making investigations and your credit rating will surely get better.

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four essential pointers in collecting debt
- Posted February 08, 2011 by Monty Loree
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Four Essential Pointers in Collecting Debt


Difficult economic periods mean more Canadians are getting calls from dreaded debt collectors. However, as debt mounts and collectors come after you, it is not the best time to switch off the lights and let them feel you're not home. Relatively, the correct techniques can assist you handle a debt collector and take a better grip on your money.

Debt in the household within Canada obtained a record of $1.41 trillion in December. If that was extended between all Canadians, every individual would carry more than $41,740 in outstanding debt - a total which is 2.5 times greater than 1989 after manipulating for inflation and population growth, according to an outline by the Certified General Accountants Association of Canada.

The dilemma then presents when, almost 60% of subjects whose debt had been greater than before through the time of the recession and 92% whose debt decreased or remained similar still felt they could either handle it well or take on more debt.

Pointers You Must Know About:

Get to know your rights. Are you aware that there are protocols debt collectors must follow? Or that it is unlawful for a debt collector to hassle you? Taking a look at websites can assist you to understand how agencies work, what irrational collection practices are, and how to handle with an irrational collector.

Begin early. The longer time you set aside to manage a debt collector, the worse your experience will be. Besides, escaping a collection agency's calls is only going to create doubts and eventually irritate your collector. In the moment, your debt will be mounting up steadily. Thus, it is essential to face the circumstance. Usually, it can even be handled with a simple telephone call.

One cause to get a jump-start on informing a creditor: before you know it, the corporation you owe money to will delegate your offending account to a third-party collection firm that will perceive you as a number and not a long-standing client. Someone said that when you are in the early levels of debt that has been overdue, you can still directly manage with creditors. However, when the account has been sold, it then becomes difficult to renegotiate.

Bargain. While creditors need their finances, they also wish to maintain a business relationship with you. You can perhaps bargain your interest terms. If you are paying more than 18% interest, you can inquire if they can decrease it based on your financial status. Hence, it is always okay to ask.

Ask for help. When you are still not getting anywhere with a debt collector, search for a financial consultant in your area who can guide you through your financial alternatives and support on your behalf. By evaluating your income, assets, expenses and debts, a consultant will provide you with alternatives from a fair and objective way and clarify all the choices that are available.

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keep yourself from cyber scams when you go shopping
- Posted February 07, 2011 by Monty Loree
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Keep Yourself from Cyber Scams When You Go Shopping


With the increasing number of consumers getting credit cards, the more chances they allow thieves and hackers to pursue their prohibited scams.

From counterfeit gift cards to attractive offers seen on websites, there are numerous techniques cyber criminal utilize in doing scams on individuals. There are several tips to have a safe online shopping.

Usually, consumers believe that e-tailing sites are having the most security risks. However, social media tools composed of Twitter and Facebook make threats that can harm consumers.

People are not at all times cautious regarding with the data they place in Facebook or Twitter. Providing your house address or showing signs that no one is present there can somehow end into an identity theft or robbery. Information on Facebook and Twitter is frequently made accessible to anybody who wishes to check your profile. With that, if you place personal information which takes in credit card numbers, social insurance numbers or other vital details online is certainly not an excellent idea. Find out the privacy settings you can have access and be sure you are not giving out information unilaterally.

There has been many discussion recently concerning hackers that make use of cell phone text messages to deceive consumers in revealing their personal information. They do not acquire regular reports having those attacks. It is for all time essential for individuals to be vigilant and hesitant before believing the text message. Policies comparable to other forms of messaging which comprises e-mail and instant messaging do apply.

For instance, it is not usual for a financial institution to mail or send you text message and instruct you to click on the links and change personal information or to verify a certain transaction. Think thoroughly first prior to making any action and if you found something strange, you can call your bank utilizing the phone number you see at the back of your card.

There are steps in which consumer can follow to guarantee that an organization is truly legitimate and not there to take the credit card information of someone. If you are worried about it, you can get in touch with the organization straightforwardly through phone or by sending an e-mail to there website prior in purchasing something just to validate the details.

Procure items or products that come from a trustworthy online store that is far and wide known. Make sure to have a secure search tool which will warn you if a website is possibly risky or unsafe. Be sure that the domain of the e-tailer is an acknowledged domain such as .com or .ca. And shop at protected websites that show https and not http.

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indicators showing that the credit market of canada is improving
- Posted February 07, 2011 by Monty Loree
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Indicators Showing that the Credit Market of Canada is Improving


The credit card statement you receive after the holidays do not show it. However, there are several helpful signs when the Canadian credit market is improving. It is according to the newest findings coming from TransUnion Canada which is one of the credit rating agencies.

There are five signs to consider that credit market of Canada is on the verge of getting better as the nation gradually surface from the decline.

1. Obvious decrease in the credit population. TransUnion have reported that there is currently an active credit population of 24.8 consumers. It went up by 15% compared to last year. Even so, this development will even out and turn around in the next quarters as new young Canadians. Single-digit debt has improved. Consumers have a standard household debt of $25,163, not including their mortgage. A 4.3% rise comparing it from the numbers last year. Yet, the rate of increasing debt has been sluggish during the past three quarters, particularly when you compare it to the double-digit boost that took place pre-recession.

2. There is a fall in the number of delinquencies. Debt may be increasing however delinquencies on credit accounts specifically those having 90-120 days past due, plummet in the third quarter of 2010. Actually, TransUnion have shown that the ratio of delinquencies was 3.4% in the third quarter, moving down to 7.8% during the second quarter. The turn down of major delinquencies is a clue that Canadians have started to get a hold of their debt payments after the recession. Indeed, Canadians are doing a responsible work in paying down the credit card debt than they believe they are.

3. Decreasing due balances. Canadian average credit card borrower debt improved for the third continuous quarter to $3,709 comparing it with the earlier quarter which is $3,614. Though, that is still down by 1.7% in comparison to the third quarter of 2009 which is at $3,772. There is more. The most affirmative indication has been the considerable drop in earlier period due balances that has fell 15% from last year following three consecutive years of increases.

4. The future appears to be impressive. TransUnion does not predict whichever considerable adjustment upcoming in the credit market basing it with the recent developments. Deliberate progress in delinquency rates and flat to humble debt growth will persist as Canadians detachment themselves from the current recession and take note on how worldwide financial crisis will affect them.

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tips to when it is the best to use your credit card
- Posted February 02, 2011 by Monty Loree
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Tips to When It is the Best to Use your Credit Card


When you borrow money, it is not wrong. Indeed, there are several purchases such as car rentals, airline tickets and large-ticket items that are utilized for purchase protections. All of these make sense as you place it on your credit card. The trick is to recognize what are the transactions that qualify as creditworthy and what purchases are more expected to lead to an out of hand debt.

When is it practical to put a purchase on your credit card?

It usually happens during frantic times and hopeless measures in taking care of themselves. A 50% off sale will not be considered as a desperate time. In its place, conscientious usage of credit must be associated to your capability to do payments. The problem a lot of Canadians encounter is that when the bill is received, they have not made any budgeting and are paying off the purchase made having compounding interest rates.

What kinds of purchases must consumers keep away from having it on credit and why?

Unimportant daily things can add up very fast in your account. The food you eat in restaurant or in diners can somehow be cheap. However, there will be a time in which you will be paying for it. It can more or less double or tripled in amount because of the interest.

What are several tips in borrowing money wisely?

Here are three essential tips that can help you:

Think about low interest rate credit cards against loyalty cards. Points and miles are not given for free. Credit card users who are carrying a balance every month will probably pay a lot more in interest compared with the benefit they may obtain from earning and using of the points.

1. Make a distinction between your wants and needs.

2. You must think of the future. For instance, preparing for any unforeseen expenses that can take place any time and you got might not be prepared of.

3. You must plan accordingly.

If you are having debts, what are various steps that can help you manage well your finances?

Nearly all people know precisely the amount of money they are earning every month. The problem is that a lot of them are not aware of how much they spend or how much money they owe from all their business transactions. You must create a personal budget which can act as a road map to your success.

The problem is not at all with the big ticket items. Everybody is aware that rent or mortgage, car payment, electric bill, gas bill, cell phone and others are part of it. The concern would be on the smaller items that are likely to snowball. It can be your frequent lunch outs, gifts being purchased or school expenses you are paying off for your kids.

You must be in control of your how you spend your money. You are the one making the decision every month as to you need to spend your money. You should put together a sensible and informed decision. You must prioritize to what is important for you not just going for lunch most of the time and forget to manage your debts.

See Also


Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada

External Links


Bankrate.com
Credit.about.com
Tomorrowsmoney.org

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be careful in using credit card balance transfers
- Posted February 02, 2011 by Monty Loree
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Be Careful in Using Credit Card Balance Transfers


When the economic decline took place, a lot of Canadians are undergoing problems in paying off their credit card debt. In trying to benefit from on this situation, companies are presenting new balance transfer credit cards that have low introductory rates.

This could appear as an excellent idea as balance transfer credit cards can acquire the amount you are indebted on another credit card having the usual 20% interest. However, if you transfer your balance with them, it may only have 6% interest. If you look closely on it, there are several reasons to be careful when you make a credit card balance transfers.

First, make sure to take note for the period in which the low APR credit card introductory rates are offered and when it will be effective. It might only be offered for a short time. If you are not able to pay for the balance transfer credit card debt during the due date, this will put you to a higher interest rate above what you already are having. It is also essential to understand that the balance transfer process is not all the time immediate. It can take some time maybe three weeks or more.

As you wait for the time in which your balance transfer will take effect, you must have to settle the minimum payments on your old card as well as your new card. Prior in signing for a balance transfer from one bank to another, you must inquire your own bank if it provides low APR credit cards for balance transfer. Several banks do not require any fees for balance transfers from one credit card to another if it is within their own bank.

In addition, look into any other low APR rate as it may only apply to the balance transfer amount. The rate may be considerably higher for any new purchases you have made. It is also vital to limit the number of balance transfer credit card accounts you own. When multiple creditors check your credit history, it can affect your credit rating to go down.

Nearly all Canadians pay zero interest with their credit cards for the reason that, 73% of the individuals pay their balances every month. If you are one of the 27% who is carrying a balance every month, you must make a decision whether if you can really pay off the debt in the time in which the balance transfer credit card low introductory is still effective. If you can pay for it, then a balance transfer for a new credit card can be a very helpful choice for you.

However, if you are paying the minimum payments, there may be other alternatives that you must think such as applying for a loan from your bank to purchase your debt. With that, the minimum payments you are paying to the credit card companies will stay afloat and can be utilized to pay off the principal of your debt.

Give the time to search around for the balance transfer credit card that is suitable for you and also with your financial state. Make sure to remember that it is necessary to read the fine print. There is a lot of information you can get that are helpful coming from online guide that the Financial Consumer Agency of Canada provide.

See Also



Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada

External Links


Moneysavingexpert.com
Creditcards.com

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travel reward points mostly not being utilized
- Posted February 01, 2011 by Monty Loree
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Travel Reward Points: Mostly Not Being Utilized


It is true that Canadians wants to travel a lot. However, most of them are not getting the full benefits of their credit cards features particularly travel rewards programs which can help them pay off for the trips they are planning for.

Based on several travel rewards website, there are less than 30% of those individuals who belong to a credit card rewards program that are booking their travel utilizing their rewards points accumulated. Regardless of new survey outcomes, it has presented that Canadians are not prepared to pay off in large amounts of money for lavish vacations.

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Statistics have shown that Canadians had put together more or less 4.3 million trips outside of the country last Christmas season. It has a 3% increase against the numbers of the past months. With the recent International Travel Account report coming from the Canadian Tourism Commission, it has displayed that Canadian that spent money outside Canada boost to 11% which is $4.7 billion. In addition, Canadians spent over $8.3 billion aboard which is 5% yearly. The stats have demonstrated as the second-highest total for this certain period.

Not utilizing travel rewards is a big lost of opportunity given that it can lower your travel expenses. What most of the people fail to see is the significance to keep on tracking their travel rewards points every time they receive their card statements. Several of the cardholders do not even check their statements for the reason that they are doing things through online banking.

Luckily, you can make the most of your travel rewards points easily than what many Canadians have thought. Here are some tips on how to do it:
  1. You must pick a credit card that will suit your needs. Not every travel rewards cards are made equal on their benefits as well as their features. Several programs provide discounts on car rentals while others grant hotel and travel deals. Likewise, various cards permit quick discounts on low ticket items. Others entail cardholders would let cardholders spend much for several months and collect points. The thing here is to determine your travel main concern and the amount of time you are eager to wait to convert your points.


  2. Think on switching to another credit card. If you own already a travel rewards card, however, you are not getting the advantages of it, it is time to switching to a different program. Always put in mind that you may not be allowed to transfer your hard earned points to another new card. With that, you must be ready to sacrifice your points.


  3. Organize a plan. If you are accumulating your points to make up for a considerable portion of your dream vacation, you are advised to book ahead of time. The important thing here is that you must have to plan everything in advance. The more closer you are of your travel date, the greater number of points will be used. It is better then to ask yourself how you want your points to be used. Do you want to utilize it for a hotel, car rental, and airfare? Hence, you then start on saving and spending accordingly.

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A lot of Canadians allow their travel rewards points to fade away in fact they can make use of it for a weekend trip or vacation. Yet, being careful in selecting card and have a little planning, you can then make your rewards points work for you rather than working hard to for the rewards.

See Also



Best Credit Cards Canada

Best Balance Transfer Credit Cards Canada

Best Cash Back Credit Cards Canada

Best Capital One Credit Cards Canada

Best MasterCard Credit Cards Canada

Best MBNA Credit Cards Canada

Best Visa Credit Cards Canada

Best Secured Credit Cards Canada

Travel Credit Cards Canada

External Links



Investopedia.com

Stretcher.com

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the supremacy of cash back rewards cards
- Posted February 01, 2011 by Monty Loree
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The Supremacy of Cash Back Rewards Cards



With regards to credit card rewards, cash back is excellent choice. Coming from the latest RBC poll, it has been found out that 33% of Canadian cardholders choose cash back over whichever other kind of rewards. This will also be true for merchandise having 27% and travel rewards with about 23%.

In our present economy, it appears that a lot of Canadians want a reward that is more material in from and would not oblige them to have long period of spending or waiting just to get anything back to what they have spent. Consumers desire for value and simplicity with their reward credit card and perhaps a shorter time period to acquire a reward again.



Actually, RBC's survey came up with a result that 2 out of 10 reward cardholders occasionally disregard to use their reward points. Earning cash back for the purchases you have made every day is valuable particularly when it is automatically given to you on a yearly basis. For some cards, the cash back you have earned will be added to your balance in January which is an advantage for the reason that this is generally the time when peak holiday spending takes place.

Even so, consumers dispute that credit card companies must be offering cash back reward programs that are trouble-free to handle. Our clients have informed us that they would not like intricate and confusing earning rates, tiers or thresholds. They find it very confusing and deceptive. A lot of consumers are searching for a straightforward card that provides them cash back no requiring them to accumulate or trade in points or join clubs.

Important features to search for in whichever rewards program would comprise cash back on an extensive variety of items taking in groceries and retail goods. It must also have purchase security, extended warranty insurance and zero liability fraud protection. In addition, consumers can be sensible to think about the long-term benefits of cash back programs. Indeed, 1% cash back on all purchases may not appear to be similar of a financial windfall. However, the cash back you get can add up quickly basing it on your daily spending habits.



The survey also generated a result that more than half or 58% of Canadians own a credit card with several kinds of reward programs. 9 out of 10 credit cardholders or 88% shows that they pay for travel utilizing their card and more than half or 53% make use of it to pay off their retail purchases. 50% presented that they use their credit card for dining, entertainment or gas purchases, while a third or 34% utilize it to pay for drug store purchases. Aside for that, Canadian families spend an average $628 at the grocery store every month. The majority or 53% use their debit card at the cash register while others split it by using cash which comprise 21% and credit cards which is at 26% to pay off grocery purchases.

See Also



Best Credit Cards Canada

Best Balance Transfer Credit Cards Canada

Best Cash Back Credit Cards Canada

Best Capital One Credit Cards Canada

Best MasterCard Credit Cards Canada

Best MBNA Credit Cards Canada

Best Visa Credit Cards Canada

Best Secured Credit Cards Canada

Travel Credit Cards Canada

External Links



Suite101.com

Articlesbase.com

Ezinearticles.com

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My Wife is going in for surgery/cancer - Money is secondary
- Posted February 26, 2009 by Monty Loree
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My Wife is going in for surgery/cancer
- Money is secondary

I thought I would write this post for all of those people who get on this site and tell people to "pay their bills and stop complaining."

In the last few months, my wife Lisa has found out that she's got a 21cm tumor growing inside her. It's more than likely a large cyst, however, it could be cancer.

In that time I've been pretty freaked about the situation. I'm not ashamed to say it. I haven't been concentrating on my business and this site as much as I normally do.

The worry for my wife's health is huge, and its something that will be there until she has the operation and is recovering nicely. (Thank God for Canada's health system!)

It's at times like these that we some people coming on the site and talking about how they are having problems with collection agencies. They're not paying their bills and are getting hassled by bill collectors.

I'm not in debt, and I don't have bill collectors calling me, but I could see how this type of situation could cause a person to fall into these problems.

My wife has had to quit work in the last month, as she was preparing herself to have the tumor removed. This means that all of the bills fall onto my shoulders to pay. If we needed her income to pay credit cards and other debts then we would be in trouble right at the moment.

I guess I don't need to mention that my wife didn't didn't decide to have this 21cm tumor. It wasn't part of her financial plan to do the surgery and take time off of work.

The Economy is Bad - These things happen
Where as I believe that people should pay their bills as agreed to, bad things still happen to the economy and to individuals.

These days there are hundreds of thousands of lay offs in Canada. People are losing their jobs because of circumstances out of their control.

They may get behind on bill payments. The collectors might call.


The point is... bad things happen to people to hinder them making payments. It always makes me furious to have people come on this site and laugh at others because they fall into rough situations financially.

The people that say "pay your bills and stop complaining" obviously haven't gone through the traumatic experience of losing their job , or having a loved one take sick for a prolonged period.

I know that my wife's health will get better. I have the greatest confidence in the Canadian health system.

In the meantime.. I am going to work a few less hours in the next few weeks, and I am going to stay worried until my wife gets better. I dont' think I'll have any bill collectors calling me, however, It deepens my sympathy for those who are going through rough times in Canada.

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GM loses $9.6 billion - Let's give them more money?
- Posted February 26, 2009 by Monty Loree
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GM loses $9.6 billion - Let's give them more money?

I see on money.cnn.com that General Motors lost almost $10 billion in the 4th quarter. Now they've got their hand out asking for more money.

I keep talking about General Motors because as of last year they had 252,000 employees according Time Magazine, and they were bleeding money all year.

You would think that this company would do massive lay offs and plant closures to shed a ton of its costs.

WE FOUGHT AGAINST SOCIALISM IN THE WAR
Growing up in the 60's and 70's I remember a little talk about how we hated Russia's communism, and how we fought in World War's to fight against socialism.

The U.S. and Canada have prided themselves for being free market countries. These days it doesn't seem like it.

1) General Motors is getting social assistance for people to make $40/hour
2) General Motors is still hemorraghing money
3) Where's the incentive to innovate?

1) General Motors is getting social assistance for people to make $40/hour
It's not like we're helping starving people who are going to the food bank.
General Motors employees are making alot of money relative to other workers.

In trying to tighten its belt in the last decade, Canada's federal government has tightened its belt with Employment insurance, & social assistance. People didn't like the added restrictions and cost cutting but they learned to live with it.

Now the government is handing over public money, without much thought, to a company who is paying its employees several times more than minimum wage.

2) General Motors is still hemorrhaging money
General Motors seems to be incapable of cost cutting to a point where they're profitable. Because of their extensive contracts, they're unable to lay off people and close plants. I'm not sure what the reasons are, however, the company is still losing money.

I understand why General Motors would be reluctant to lay off alot of their staff. It's because it costs them so much money to recruit and train people. That's understood.

However, the problem is... they need to shed alot of costs right now. $9.6 billion in the fourth quarter. That's $3.2 billion per month at least that they would need to shed before they started making money.

3) Where's the incentive to innovate?
Necessity is the mother of invention. That's been a strong rule that we've lived by as a country. When the chips are down, or there is a strong need, we get to work and innovate.

Having General Motors receive money like they are is just delaying the problems.

If General Motors and Chrysler declared bankruptcy, that would focus their minds on actual cost cutting and innovation. The amount of pain suffered would be enough to motivate them to do what it takes to make the company profitable again.

I like General Motors.. They make good cars. I am pretty loyal to their brand. They're just not getting the point right now. They need to declare bankruptcy, shed their costs, get motivated again to start making money.

If we keep bailing out this company, it's going to be a socialistic company. I definitely won't buy a car from a company that's owned by the Federal Government!!

Let's talk about this

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Warren Buffet's Berkshire Hathaway's Stock down $4100 in a day
- Posted February 18, 2009 by Monty Loree
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Warren Buffet's Berkshire Hathaway's Stock down $4100 in a day

I was curious to look and see what Warren Buffet's stock is doing these days, during the economic crisis.

The 52 week range for NYSE:BRKA is 74,100.00 - 147,000.00 per share. That's a huge fluctuation in value.. not only percentage wise, but also dollar wise.

berkshire hathaway stock value


I guess even the Oracle of Omaha has bad stock years. His company is legendary for investing well, and making money

If you lose $63,000 per share from their highs of $147,000 per share, and you own 1000 shares ... that would be $63,000,000 you would have lost on those 1000 shares.

That's different from General Motors stock which is currently worth $2.18 per share, or $2,180 for 1000 shares !!

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General Motors Bailout - Federal Made Cars?? - VIDEO
- Posted February 17, 2009 by Monty Loree
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General Motors Bailout - Federal Made Cars?? - VIDEO

It bothers me to no end that General Motors was given a deadline to make a plan to make their company profitable.

The deadline was today, and they didn't do it. I'm not really surprised, but I am pretty angry.

Instead of making a plan that would make General Motors profitable today, they've made a plan that might make them profitable in the future..
Oh yeah.. and start to make repayments by 2012!!

This video is in response to the video below by Rick Wagoner








Making profit is simple... Costs are less than sales revenue.

General Motors and Chrysler need to lay off enough people and cut enough costs until they're profitable today. Not in 2-3 years... and especially NOT using tax payers money.

Would you want to purchase cars made by the federal government.. I didn't think so.. but that in essence is what's happening when the federal government keeps bailing out losing companies.

That should be General Motors next marketing slogan..

The all new 2009 Cadillac CTS... made by the U.S. and Canadian Federal Governments. How prestigious is that?!!

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If General Motors goes bankrupt, will you still get warranty?
- Posted February 17, 2009 by Monty Loree
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If General Motors goes bankrupt,
will you still get warranty?

Never in my life time did I think I would have to think of this question.
If the US car companies go bankrupt, that probably releases them from all contracts regarding living up to their warranties. Unless it was a part of the bankruptcy negotiations.

General Motors and Chrysler could walk away from all of their warranty obligations if they declare bankruptcy.. That would leave millions of car owners fending for themselves.

Will this happen? It's not likely, given the Federal Governments propensity to keep helping out the car companies.

By definition General Motors and Chrysler are bankrupt. So... there is a possibility that they will not live up to their warranties in the future.


Answers on How the GM, Chrysler Restructuring Will Affect Your Car

By Ylan Q. Mui
Washington Post Staff Writer
Tuesday, February 17, 2009; 9:00 PM

General Motors and Chrysler delivered their plans for survival today to the White House in order to receive billions of dollars in loans. Here are some answers to questions about how their restructuring could affect what's in your garage.

Q. Will the warranty on my car or truck be affected?

A. The short answer is no. The automakers are obligated to fulfill their end of the contract as long as they remain open for business, said Philip Reed, senior consumer advice editor at Edmunds.com.

General Motors has said several times that it will honor all outstanding warranties in the United States and worldwide as it attempts to stay solvent. At Chrysler, a spokesman said yesterday that the company "stands by its customers."

However, if an automaker did fall into bankruptcy, the fate of consumer warranties would be unclear. Reed said the issue likely would be addressed quickly in that worst-case scenario.

What happens if one of the automakers goes bankrupt?

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Economic Crisis - Timeshares don't need a bailout? -VIDEO
- Posted February 16, 2009 by Monty Loree
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Economic Crisis - Timeshares don't need a bailout? -VIDEO

I was watching the bailout stimuls talks on CNBC and CNN.. The congressmen and senators were talking to Tim Geithner...

RANT Part #4 of 4




One of the congressmen mentioned that Florida's economy was in trouble and that the tourism industry was doing badly. One of the things he mentioned was that Timeshares were doing poorly.

TIMESHARES DON'T NEED A BAILOUT
I couldn't believe it as I watched a congressman actually wondering if timeshares could be helped out by the economic stimulus package of $787 billion.

I sat there in wonderment.. This is the mentality of people right at the moment.

For all of the worry and concern about the economy, wouldn't it be prudent to worry about the homeless, putting food on the table, and getting shelter for those who need it.

While timeshares do have something to do with credit... THEY'RE A LUXURY.. PLAIN AND SIMPLE.

If the time share industry needs to go bankrupt because they haven't saved enough money and paid down their debt, then so be it.. The consumer isn't there to service the timeshare industry... the timeshare industry is there to service the consumer.

CONGRESSMEN... GET A GRIP ON REALITY.. PLEASE!!
The point is... if congressmen are wondering about what to bailout, and they have such low priority items to talk about, it's not really a wonder that the ecomony is in the toilet.

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Economic Crisis - Elkhart Indiana, MotorHomes, RV's - VIDEO
- Posted February 16, 2009 by Monty Loree
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Economic Crisis - Elkhart Indiana, MotorHomes, RV's - VIDEO

Elkhart Indiana was showcased by President Obama visiting their city.

My heart goes out for the people in this city as their unemployment rate is running upwards of 18%.

RANT Part #3



The problem I've got is that their economy is largely based on Motorhomes and RV's manufacturing. Of course, with the credit crisis, their sales of motor homes and RV's are probably very low right now.

These types of products are hugely credit based.. and there probably isn't alot of credit available for RV's at the moment.

NO BAILOUT FOR MOTORHOMES OR RVs PLEASE
Where as it's bad that there is huge unemployment based on the manufacture of these luxury items... I don't think they should receive any stimulus package money. That would be ridiculous in my opinion.

Again, manufacturers are there to service the consumer... if the consumer isn't buying , then the manufacturer needs to do something else. Hopefully the manufacturer has put money aside and paid down their debt so that they can weather this economic storm.. but it doesn't look like they have.

It's painful for the workers to have to retrain, and relearn new skills, however that seems to be the only answer right now. Instead of looking for bailout money to keep jobs making motorhomes... why not use our god given talents and find out what the market does want and then start to manufacture that!!

It's all about supply and demand. Right now the demand for many luxury items have dropped. It's time to rethink the process and find out what consumers all over the world are willing to purchase.

It's easier said than done... however, this was the approach that our founding fathers used when they came to Canada and the U.S., pioneered everything, and made our country great.

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Why Saving is SAVING the economy-VIDEO
- Posted February 16, 2009 by Monty Loree
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Why Saving is SAVING the economy-VIDEO

This post is in response to money.cnn.com's article titled:
Why saving is killing the economy

RANT Part #2



It makes me furious to think the media and government are giving the consumers heck for saving their money and paying down credit.
Let's get something straight.. retailers are there to service consumers. It's not the other way around.

IMPORTANT: RETAILERS ARE IN BUSINESS TO SERVICE CONSUMERS
Retailers are in business to service the consumer. If retailers declare bankruptcy because of a bad economy, that's their fault... not the consumers. Retailers had ample time and sales to put away cash reserves for themselves to weather a bad economy.

I want to publicly strongly disagree with media and government who are encouraging consumers to spend their money.

I'm encouraging people to become financially healthy again. Save your money, and pay down credit.. FOR AS LONG AS IT TAKES.

Don't get bullied into thinking that it's the consumers responsibility to uphold the economy by spending every last cent they've got.

I want to congratulate all of the people who are saving there money and paying down credit during this economic crisis. I think you'll be much better off for doing that.


I also posted my reply on lthe cnn's talk back blog.

This is my reply on CNN


monty's reply on cnn.com

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Economic Stimulus Package won't work - VIDEO
- Posted February 16, 2009 by Monty Loree
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Economic Stimulus Package won't work - VIDEO

In this video I give my opinion as to why the U.S. and Canadian Stimulus package won't work.

RANT Part #1

I've been watching TV in the last few weeks and found so many things that made me furious.. I just needed to rant a little.




An example I use is about the forefathers who built the country from scratch.
-- Back in 1620 the settlers knelt down on Plymouth Rock and prayed, "Dear Lord, can you give us a nice stimulus package to help us pioneer the U.S. and Canada.

I have nothing but the greatest respect for the people who risked their lives and took the time to pioneer across Canada and the U.S. hundreds of years ago.

These pioneers were resilient, creative, and enduring and did what ever it takes to build the country.

We've lost that resilience as a nation and have become fat and lazy.

FAMILY MAKING $94,000 LOSES THEIR JOB AND HAVE NO CASH RESERVES
I also talk about a family that I saw interviewed on cnn.com. The father loses his well paying job. He's making $94,000 per year.

I feel really bad that the family is having this crisis...

I'm wondering why a family that made this much money needs to go to their families for help because they only have 2 months cash reserve saved up.!! They should be the ones that family come to for help!

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capital one cecured credit cards for canadians
- Posted February 10, 2009 by Monty Loree
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Capital One Secured credit cards for Canadians

I made this video as I thought It would be pretty informative for those who are looking to build or rebuilt their credit.

SecuredCC.com


CapitalOne Secured Credit Card

Alot of people ask me about how to improve their credit rating on the Canadian-Money-Advisor website

They're applying for a car loan, credit card, or mortgage and they have "bad credit" or even "new credit".

Let's talk about this for a moment

NEW CREDIT
New credit means that you've never had credit that's reported to the Equifax and/or TransUnion credit bureaus before.

This could be because you're a student, just turned 18, or perhaps you've newly immigrated to Canada.

BAD CREDIT
Bad credit means that you've missed a few payments on a credit card, loan or car payment... or maybe even had some dealings with a collection agency


The Capital One secured credit card can help you get started with a new and improved credit rating

Before I continue, let me give you a little information about what a security deposit is:

A security deposit is just that... it gives the creditor security against your loan, and... the amount required will be based on your current credit rating.

---

By giving CapitalOne a security deposit of as little as $75, you have guaranteed acceptance with their secured credit card. This will give you a credit line of up to $750... credit lines of up to $1500 are available based on your credit rating, and higher security deposit.

This means within a very short period of time, your new credit card will start to report to equifax and transunion and start to develop your credit score.

---

In my opinion.. for only $75 ... this is the least expensive credit card that will help you build or rebuild your credit rating.!!

Apply today at: ---SecuredCC.com--- Again... that's SecuredCC.com

Please Note: Capital One Secured Credit Cards are not available to the following:
Individuals who have not been discharged from a bankruptcy
Individuals who live in Quebec, Northwest Territories, Nunavit, or Yukon Territories

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Bankruptcies were up 47% in Canada - December 2008
- Posted February 10, 2009 by Monty Loree
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Bankruptcies were up 47% in Canada - December 2008

According to bloomberg.com Canadian bankruptcies were up 47% in December 2008 over December 2007.

The total number of bankruptcies in Canada were 8,299 in December

Canadian Bankruptcies Dec 2008

bloomberg.com

Canadian Bankruptcies Jump 47% in December From Year Earlier

By Theophilos Argitis

Feb. 9 (Bloomberg) -- Canadian bankruptcies in December jumped 47 percent from a year earlier, as more consumers struggled to pay their bills amid the country’s first recession since 1992.

The number of bankruptcies filed by consumers and businesses in Canada totaled 8,299 in December, compared with 5,659 one year earlier, the country’s bankruptcy superintendent reported on its Web site. Bankruptcies filed by consumers jumped 51 percent to 7,821 in December, according to the Office of the Superintendent of Bankruptcy Canada.

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Canadian Credit delinquencies rising, Deloitte warns -Canada
- Posted February 03, 2009 by Monty Loree
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Canadian Credit delinquencies rising
Deloitte warns -Canada

Consumers are going to get hit at the credit cards, it seems, whether they have good credit or bad!

According to this Financial Post article: Canadian credit-card users could face a wave of credit checks, limit reductions and even account closures as issuers fight against a rise of between 5% and 10% in the delinquency rate.

I'm thinking that what the credit card companies will do is go through a filtering process of who is potentially higher risk credit card holders and then reduce their credit limits, do credit checks accordingly.

It might be worth a phone call to your credit card company and your bank if you're concerned about having your limit lowered on your credit cards.

I had it happen to me in the past... a line of credit was actually shut down because my credit score dropped. My payments were current, and there were no problems with the account at all. The only difference was that I was showing a lower equifax score. (It was probably due to me having 45 inquiries on my credit report. I didn't understand the term credit shopping at the time )

EXAMPLE: If somebody has a credit card with a limit of $20,000 and they're only using $3,500 of that limit on a consistent basis... at the same time their credit score drops ... this might be a situation where the credit card company feels that they are over exposed and may reduce the credit limit down to a limit matching that person's current credit score.

Bottom line, the credit card companies need to make sure that they're not taking too much risk their current clients.

Financial Post
Canadian credit-card users could face a wave of credit checks, limit reductions and even account closures as issuers fight against a rise in the delinquency rate to between 5% and 10% from 4% before ...

Canadian credit-card users could face a wave of credit checks, limit reductions and even account closures as issuers fight against a rise of between 5% and 10% in the delinquency rate.

Consumer debt on credit-cards issued by Canadian banks has soared nearly 40% since 2004 on the back of loosened standards, according to accounting giant and advisory firm Deloitte.

Now, it's delinquencies that are rising. The average loss rate of between 3% and 4% has risen by between 50 and 100 basis points, according to the firm's new report, Uncharted Waters for Credit Issuers, released Tuesday.

Deloitte puts the total value of outstanding consumer debt on credit cards at $80-billion, putting as much as $800-million at risk of write-offs in the next year if issuers "fail to take action immediately.

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People are saving more - but backwards?
- Posted February 03, 2009 by Monty Loree
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People are saving more - but backwards?

I still can't believe it.. consumers are getting heck for saving their money, because it hurts the economy!!

Finally, consumers have gotten it into their heads that they need money saved. They're paying down debt and saving money. This is fantastic in my opinion.

It would have been a little nicer if they had done this during the boom times, however, I guess people start being conservative when the news gets really bad. Better late than never.

I heard a figure that was saying the U.S. population increased their savings by 4% over the last 6 months. This is almost unprecedented in recent history. It's absolutely wonderful... except....

The problem is... all of this money saved isn't going into the economy to boost the businesses and retailers. Businesses rely on consumers spending themselves into the floor to keep afloat each month.

So ... the question is: Should consumers spend their money just to keep retailers afloat?



What's wrong with this picture?
southtownstar.com
By Lauren FitzPatrick on February 2, 2009 3:51 PM

The U. S. Commerce department today released a report about consumer spending and saving in December 2008, and what came out is that Americans are stashing more money than they're spending.

Seems like good news, right?

The New York Times doesn't seem to think so.

Squirreling away money and paying down debt may be good for one family's kitchen-table economics, but the broader economy suffers in the short-term when millions of families do it.
A dollar saved does not circulate through the economy the way a dollar spent does, and these higher savings rates immediately translate into lower revenues and sales for struggling businesses. Still, some economists said the higher saving rate was a natural consequence of America's spendthrift ways.

You can read the whole story here.

It continues to talk about personal savings rates, which dropped to nearly ZERO during the last boom, when folks were tapping their houses for home equity loans, treating their dwellings like ATMs.

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2012-12-12 20:21:33
Canadian Credit Delinquencies Rising Deloitte Warns Canada
Put a date on your articles so that people know when it was written! How else will someone else understand if the information is recent?
Comment By:
jj

2012-12-12 12:18:15
Freedom Prepaid Mastercard Debit Card For Canadians
How do i check my account balance i only bought a couple of things on this card n now i have nothing on my account i got it a couple of weeks ago ????
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kyle from regina

2012-12-05 04:58:54
Car Repossessed Trouble With High Risk Car Loans
Reading all the comments below is frustrating.......you dont have to be a rocket scientist...........every post the people didnt make there payments n
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George

2012-11-13 23:08:19
Cbv Collection Services Problems
same deal,,these criminals sent a bill saying i owe 18,000$..hilarious,,they call me 5x per day..i am taking rogers to court..small claimes..why not y
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karen cliff

2012-11-13 13:18:44
Retail Theft Could Get You Sued
I keep receiving emails and phone calls from people who think they can simply ignore the letters from these Civil Recovery lawyers. Don't. They
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Gerry Laarakker

2012-11-10 12:04:12
Bad Credit Loans For Individual On Benefit And Have Low Income
I am a single mother and have a high gas bill can't afford to pay it I'm on ontario works and have a full time job but one income doesn't cut it I nee
Comment By:
amber haayema

2012-10-18 08:23:07
Retail Theft Could Get You Sued
Bank statements can be demanded or balloon a day even fail to repay the debts incurred from the varied lenders. The offered amount in such cash untill
Comment By:
Spadiatrere

2012-10-15 11:43:43
Bad Credit Loans For Individual On Benefit And Have Low Income
Need a loan wanting to buy a atv. Loan of 8,000 dollars is this possible.
Comment By:
Adam Brundage

2012-10-09 18:46:26
Bad Credit Loan Needed Canada Bad Credit Need A Loan
Dear Sir / Madam I am Mr.Nikky John of UNIVERSAL LOAN.we offer a variety of financing options at competitive prices to the Consumers who h
Comment By:
Mr.Nikky John

2012-10-09 12:42:44
Credit Repair Canada 3 Things You Should Know
to , take up a new job. Also, reflect on investing in generating a payday advance loan while using classmates and more, typically the segments. The in
Comment By:
WarbabsjamY

2012-10-09 12:24:31
How The Debt Based Monetary System Functions In Canada
incredible cash loan right away inspiration the email mentioned learn more loan service that demand the particular choices signal asset loan applicati
Comment By:
Nilkgeoli

2012-09-30 20:03:01
Cbv Collection Services Problems
I had a telus pay as you go phone from 2003 2008 and now cbv collectons is claiming that i owe over 1500 dollars, the last time they called i called
Comment By:
marcus

2012-09-25 10:19:31
Cbv Collection Services Problems
Had a bogus 'roaming charge' bill from Telus a few years back. Got mad at them and switched providers. It went to CBV. Yes, they are persistent and
Comment By:
Scammed

2012-09-23 07:37:50
First Canadian Finance Scam Site
While these aforementioned dangers are a cause for legitimate concern, there are other dangers that derive from perceptions that often have no basis i
Comment By:
effomicok

2012-09-21 19:09:43
Car Repossessed Trouble With High Risk Car Loans
I have had a Carfinco loan for almost 4 1/2 years, I have not missed a payment nor have I ever been late. I had to use this company because I had file
Comment By:
Gord

2012-09-16 16:42:15
Retail Theft Could Get You Sued
I am sick of all you so called legal counsel, wanting money from me , there was a reason i was stealing the items in the first place, i have no money!
Comment By:
a shopplifter

2012-09-15 05:13:22
Freedom Prepaid Mastercard Debit Card For Canadians
Some honest advice... if you need a card to use online DON'T EVEN THINK of using this one. Terrible customer server that disconnects calls on you and
Comment By:
Honest Advice

2012-09-13 11:18:04
Car Repossessed Trouble With High Risk Car Loans
Our car loan was with wellsfargo to begin with then transfered to carfinco,. Have never had a problem with them yet and have less than 2 years left on
Comment By:
Darlene Fougere

2012-09-02 18:27:17
15 Blog Post Articles That Talk About Equifax
obviously like www.canadianmoneyadvisor.ca however you need to test the spelling on several of your posts. A number of them are rife with spelling p
Comment By:
promotion site

2012-08-31 11:32:19
Retail Theft Could Get You Sued
so i went in zellers and i baught bus tickets. then walked around playing with toys, and i was with a friend, we're both adults who like stupid toys.
Comment By:
Aj.



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