Posts Tagged ‘Debt Consultant’

What is a Credit Rating?

What is a Credit Rating? Every piece of credit history information in your credit file is assigned a rating by the credit grantor. The most common ratings are “R” ratings. These are known as North American Standard Account Ratings. The “R” indicates that the item being described involves revolving credit. If you always pay on […]

Posted on 09/26/2013 by Debt Relief Canada in Blog, News | Tags: , , , , , , , , , , , , , , , , , , , , , , , , | No Comments »

Debt Relief Canada – Charge cards vs. credit cards: What’s the difference?

American Express offers a line-up of rewards cards designed specifically for high spenders who pay off their balance in full each month. Although they seem to be credit cards, they really aren’t. They are charge cards, which are something quite different because rather than having the option to make partial payments and carry a balance, […]

Posted on 07/29/2013 by admin in Blog, News | Tags: , , , , , , , , , , , , , , , , , , , | No Comments »

Debt Relief Canada – Low interest rate party may be ending

Watch the bond market and QE moves for early warnings that interest rates will start to rise in Canada. The interest rate party for borrowers is almost over. After almost five years of historically low rates, we’ve started to see some upward movement in the cost of money. Most people watch the central banks for […]

Posted on 06/25/2013 by Debt Relief Canada in Blog, News | Tags: , , , , , , , , , , , , | No Comments »

Debt Relief Canada – Average consumer debt load hits new high above $27K

Canadian consumer debt loads increased by 6% in 2012, fastest pace since 2009 The average Canadian’s consumer debt load hit $27,485 at the end of 2012, a six per cent increase over the previous year’s level and the first time the figure has been above $27,000. Credit monitoring firm TransUnion says the average Canadian’s consumer […]

Posted on 06/25/2013 by Debt Relief Canada in Blog, News | Tags: , , , , , , , , , , , , , | No Comments »