Monthly Archives: October 2012

Credit Score the Key Factor of Your Personal Finance

The recent economic problems that have hit every country have meant that households have often been faced with financial problems, often unemployment and sometimes repossession. No one saw the problems coming in an environment where real estate value was rising and credit easy to come by. As it turned out this complacency was soon shattered. While there continues to be ...

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Why the New Mortgage Rules are not all Bad News for Canadian Investors

Earlier this year on July 9th, Finance Minister, Jim Flaherty announced new changes to the mortgage rules. The new measures included shortened amortization periods (30 to 25 years), lowering the maximum amount Canadians could borrow against their home when refinancing (85 to 80 percent), fixing the maximum gross debt service ratio (39 percent) and limiting government backed insured mortgages on ...

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How to Deal with Creditors’ Calls

You’ve stopped answering your phone. You’ve cut it off even. You just can’t take the creditors telling you that you owe them more money. What will you do? It’s time take control of the situation, and get those creditors’ off your back. Give Them Money – Any Money Creditors know that you can’t pay your bills. They wouldn’t be calling ...

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Pre-planning Your Funeral, a Wise Financial Decision

 Some people will avoid this subject like the plague, but planning ahead is often the most financially responsible decision you can make. Many people may think their life insurance policies are enough to cover these final expenses. This is not always the case, and planning ahead spares bereaved families from dealing with minute details. Life insurance policies rarely pay out ...

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Investing in Buy to Let Property in the UK

Buy to let was coined as a term in the UK in 1995, but the practice of taking out mortgages on a property with the express intention of privately letting it had existed for some time before then. The 1988 Housing Act introduced ‘assured shorthold tenancies’ and overrode much of the legislation contained in the Rent Act eleven years earlier, ...

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Prepaid Cards vs. Credit Cards

New technologies have changed not only the way we live, but the way we work, and the money we use. It seems just yesterday, that cash was the norm checks and money orders were the only ways one could transfer funds. Today, it is credit cards, not cash which makes up the bulk of money in purchases. With so many ...

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Affordable Moving Tips

Moving can be more than a physical pain the neck, it can be a pain on your wallet as well. After all, the cost to get your car transported, hire a moving company to help you pack up your stuff and get it to your new destination is rarely an inexpensive endeavor. With that in mind, it is important to ...

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