There are some basics of credit scores and what they mean. If you’ve had any consumer credit, like a credit card, car loan or personal line of credit, the details are recorded in the credit bureau. This is a quick and efficient way for lenders to see if you are a reliable borrower. The Types […]
What Happens if You Pay Your Mortgage Late?
So you’re ready to start looking for a home, but you feel a little overwhelmed with all the odds and ends that come with it: there are different types of mortgages, amortization periods, and fees that all can pile up on each other before you’re even given the keys. While there are plenty of resources […]
What Happens After a Mortgage Foreclosure?
Buying a house is arguably the largest purchase you’re ever going to make, and almost every single person pays for their house by way of a mortgage. Mortgages are a specific type of secured loan you set up with your lender (typically a bank) to pay for your house over a period of time. Mortgage […]
How To Deal With Overwhelming Credit Card Debt
Credit cards are useful tools for providing us with money in advance. This money is not free however. It is an advance loan and must be repaid within the credit agency timelines. In fact, the money you spend using a credit card payment is more expensive than your own money from your bank account […]
How to Financially Protect Yourself When Planning for Retirement in a Pandemic
The COVID-19 pandemic has changed the way we looked at our money forever. Studies have shown that 1 in 3 Canadians have felt an impact on their finances since the first lockdown happened in March 2020; an impact that has reduced their income, changed how they saved, and even pushed their retirement plans to a […]
Bankruptcy Misconceptions You Need to Know About During a Pandemic
Alberta’s financial future is changing. While many people in our province found themselves out of a job once the pandemic hit, the Canadian government responded with a flood of different benefit programs designed to help lower-income workers keep their heads above water. Insolvencies decreased across the country during the pandemic partly due to government financial […]
What Your Credit Score Actually Means
As you go through life, you’ll likely hear more and more about a little term called a credit score. Whether you’re applying for a new job, buying a vehicle, or putting a down payment on a home, your credit score will be checked and affected by how you choose to handle your debt. But what […]
How Can Annuities Help Albertans?
If you’re currently planning for retirement, you may have already heard about annuities. But if you’re still a couple of years away from retiring or even thinking about retiring, you might not have much of an idea of what an annuity is. When the decision to retire finally comes around, though, it’s essential to understand […]
5 Ways to Take Control of Your Debt Now!
All Canadians have to deal with debt at some point in their life. Whether it’s for paying for school, buying a house, or getting a car, there will come a time when you will have to take on debt to help you achieve the goals you have. But this isn’t a bad thing. Taking on […]
When Should You Look for Help from a Financial Professional?
Finances can get out of control quickly and you may not realize something is wrong until it’s too late. Many Canadians are in some sort of debt, and it can be difficult to find a way to financial recovery. Searching for solutions can be stressful if you’re not sure what to do, but a Licensed […]