I’ve been telling everyone this lately but I’m not sure if I mentioned this to you. I probably did but regardless, I just got a new job. I was flown out to Calgary for training, put up at some moderately reasonable hotel and I have been learning the ropes ever since. The one thing that [...]
While in marriage we often want to share everything, when it comes to debts, sharing may not be the best road to take. Sharing debt may cause more conflict and contention than it solves in a marriage.
While there are some real advantages to joint credit card, mortgage or utility accounts, there are also some disadvantages. [...]
Many people share everything when they get married: the bed, the bathroom, the bank account. It is also common for married couples to acquire debt together – they buy a home as joint signers or they buy a car in both names equally.
There are some concerns to sharing debt with your spouse, but there are [...]
Are you aware of the impact of being a guarantor? Before you decide whether or not you want to be a guarantor for someone else’s debt, you need to understand what it means to be a guarantor on a loan. To be a guarantor for a loan means that if you are guaranteeing someone and [...]
The total debt-servicing ratio (TDSR) is used by most banks to qualify their clients for loans and such. Most likely you wonder how they calculate it.
The first thing you need to take into account is your monthly income. Banks work with gross income. Business owners who are self employed tend to have a higher debt [...]
Free Credit Score - free and available online.