What I really like about personal finance is that there are no straight forward answers. Each financial product has its pros and cons. While several people debate the usage of payday loans I think that sometimes, it could be a good *temporary* solution.
In order to have a clearer point of view on Payday Loans, I [...]
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 [...]
A pay day loan is, simply put, a small short term loan intended to cover your expenses until your next payday. These loans are sometimes called paycheck advance, payday advance, or cash advance. It can be a bit confusing to call it a cash advance, however, as typically, a cash advance is cash borrowed against [...]
Many young couple dream to have their first property and become homeowner. However, when it comes down to request a mortgage in order to buy the dream of their life, they are left in the hand of the “evil” banker
They don’t really know what to expect, which question to ask and [...]
Without any language in a loan contract to the contrary, a guarantor has certain rights by law in their relationship with the creditor. Because the laws vary from state to state, it is best to specify the steps the creditor has to take in order for the guarantor to be responsible for the debtor’s commitments. [...]