Posts tagged as:

interest rates

No minimum payment this month. That’s great! Or is it?

February 2, 2012

My recent credit card statement says, “To ease the strain of the holiday season; we will waive your minimum payment this month”. Isn’t that kind of the bank? They also state though, that interest would be added to my outstanding balance. As my minimum payment amount is 2% of my debts, this means the bank [...]

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The ups and downs of our good old dollar.

November 15, 2011

Oh the fun of travelling!  While in Australia last year, I made a big purchase on my credit card.  Easy, no problems, right?  Wrong!  The sales clerk made a small error in the amount charged and asked if she could refund the charges and do it again with the proper amount.  I was slightly annoyed [...]

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Know what you really owe with our Debt Calculator.

April 19, 2011

Today, I urge you to perhaps surprise yourself by considering what you are really paying out when you calculate interest payments over the lifetime of a personal debt. You can do so easily and quickly by using the free Debt Calculator at www.creditcanada.com. But first, let me ask you this: Have you ever sat down to determine [...]

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I was expecting it to be bigger.

February 2, 2011

Thanks to the latest wave of soap opera newscasting I leapt out of bed this morning with the grace of a white tailed deer and ran to the window to see the promised ‘Great Snow Storm of Western Ontario 2011.’   What a letdown! I’m writing from work and I actually made it here early. Sure [...]

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Money wise, 2011 can be a new year in more ways than one.

December 29, 2010

What exactly is a New Year’s resolution? Is it wishful thinking? Or is it practical thinking? There are a million jokes about how resolutions – like quitting bad spending habits – fall by the wayside in weeks, days or even minutes after the clock strikes twelve on New Year’s Eve. You have to ask yourself, [...]

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Handling credit wisely. It’s in the cards.

July 22, 2010

Fellow Canadians, we are in debt big time according to a recent report by the Certified General Accountants Association of Canada. Despite all the cautionary tales we might have learned from simply watching the evening news during the past couple of years, household debt in Canada reached $1.41 trillion at the end of 2009. That translates [...]

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