The Canadian Press TORONTO – There was a surprising drop in the amount borrowed on credit cards by Canadians during the holiday-laden fourth quarter, but overall non-mortgage debt went up substantially across the country, a credit analysis firm reported Wednesday. TransUnion said average total debt per Canadian consumer, excluding mortgages, was $25,709 in the fourth quarter of 2010 — up 5.6 per cent from $24,346 in the comparable period of … [Read more...]
10 Things to Consider Before Your Mortgage Renews
Click here to view 10 things to consider before your mortgage renews. … [Read more...]
But I Moved and the Statement Went to the Wrong Address…
This may come across as a little harsh, but I can't tell you how often we hear this when it comes to a client's credit score being 'low' when we are doing a credit report in the process of arranging a mortgage for them. Here is how it usually plays out; we do a credit check and there is a 'mystery' collection or an account that was written-off (rated R9) with a creditor; we ask what the reasoning was and get 'well I told them I was moving and … [Read more...]
