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what is capital one cash advance credit card
- Posted July 31, 2009 by Monty Loree
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What is Capital One Cash Advance Credit Card?
Introduction: Credit cards have become the main means of money transaction in the present age of trade and commerce. We require the credit cards more than the traditional paper money for more transfers or transactions for the simple reason that they are far more effective and flexible, with much more security than them. The credit cards have also become the major means of transaction handlers in the present day environment. The usage of Credit cards is not just limited to the On-line environment but also in all other fields of trading and marketplaces. In Canada the major credit card issuer is Capital One, which has the major share of the Credit card market in that country. Its popularity and brand recognition is because of the security and lower interest rates with higher credit limits than its competing Credit Card issuers. Let us see much in detail about the Capital One's Cash Advance Credit Card.



Cash Advance Credit Card - What it is: Cash advance is a service provided by most of the credit card issuers and their credit cards. They allow the user to withdraw cash upto a certain limit, which is in most cases the credit limit of the person, or a percentage of it. The Cash Advance that has been acquired has an increased rate of interest than the ordinary transactions that are done using the credit cards. These Cash Advances are also to be given by the banks, if the person provides the proper identification and the credit card. The person need not provide his PIN Number to the cashier who is in-charge of the transaction. This service is provided by the Capital One and the person can get money from the ATM's using this credit card.

Capital One Cash Advance Credit Card: This service is enabled as default in the Capital One standard Platinum Card and in the Capital One No Hassle Cash card. The minimum amount a person can take from an ATM for a Cash advance is ten dollars. The Rate of interest is at three percent of each cash advance that has been withdrawn. There is also a late fee and advance fee for getting this money from a bank. The Capital one's interest rates are far lesser when compared to other Canadian Companies that issue Credit Cards. Also the Capital One Credit Card ensures that the money can be got anytime from any bank in the country. Such is the network of its transactions.



Usage of Cash Advance: Though this Cash advance scheme may sound a little tempting it is advisable to use it with caution. This is because the interest rates differ from the normal transactions, and keeping track of this might get difficult resulting in non-payment of bills that would ensure the credit score of the person to fall. The Cash Advance Credit Card from Capital One is also available to the person with average credit scores unlike other credit card companies that require the person to have at-least a good credit score. Hence these are the possibilities and advantages of the Capital One's Cash Advance Credit Card.

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what is canadian tire master card compared to capital one
- Posted July 31, 2009 by Monty Loree
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What is Canadian Tire Master Card compared to Capital One?


Introduction: Credit cards have become the new medium for transactions and are aptly called plastic money. They are, in many ways, a lot better than the traditional paper money. The companies like Capital One and Canadian Tire are the major players in Credit Card market of Canada.

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The two firms offer several products and credit cards that provide reward programs and competitive interest rates. They offer a variety of choices for the user, that allows the person to choose what the product he or she need with an affordable interest rates. The Capital One MasterCard offers better options with lower interest rates and better benefits. Let us see the comparison between the Canadian Tire Master Card and the Capital MasterCard.

Canadian Tire Master Card:


The Canadian Tire Master Card is available in three types the Platinum Card, Gold Card and the Silver Card. The differences between these cards are their credit limits and the interest rates charged in every transactions using the cards. The Platinum Canadian Tire Master Card has a interest rate of 26% with no annual fee.

The Canadian Tire master card has three other types of master cards like the Options Master Card, The Gas advantage Master Card and the Cash Advantage master Card. These cards are issued to the users based on their choice of services and the previously mentioned types are issued based on their credit status or by their credit scores. The latter cards are very much useful if the person is looking out for cash back rewards and incentives for their attachment with the company. Now let us see about the cards and services that are provided by thee Capital One financial services.

Capital One Master Card: The Capital One Master Card has a lower interest rate and a number of low interest cards. These low interest master cards have interest rates of between 16.8% and 19.8% but with zero annual fee. Even if the Capital One doesn't have the annual fee rates, the cumulative expense from the cards differ in favor of the Capital One Master Card. The Capital One Master Card has three main types: the Aspire Travel Platinum MasterCard, Aspire Cash Platinum MasterCard, and Priority Club Platinum MasterCard.

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The Credit limits of these cards vary from highest to the lowest. The Capital One Credit Card also does not require high credit scores like the Canadian Tire Master card. The credit score required only the average. The Capital One Master Card also has excellent rewards programs for the Credit card holders like the Aspire Travel Platinum MasterCard which offer good incentives the card holder. The other types of Capital One master card that are available are the Capital One Guaranteed and Capital One Secured Master Cards. These services and rewards programs offered by the Capital One have made it the better option and it has increased the popularity and reliability of Capital One as a brand. What is Canadian Tire Master Card compared to Capital One?




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what is credit card help
- Posted July 31, 2009 by Monty Loree
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What is Credit Card Help?


The advent of credit cards has forever changed the global financial market industry. Its ease of usage and convenience are factors that explain its tremendous popularity amongst consumers of various financial backgrounds. Almost everyone seems to own a credit card from one of the several banks providing the product. Since the concept of credit cards often leaves certain ambiguities on the part of the consumer, most credit card companies offer credit card help through their website or by a customer care service which can be accessed by phone.

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Capital One is one of the highly established credit card profvders that do not compromise its customer service by providing sufficient credit card help to its clients whenever their help is needed. Their FAQ section in their website can reliably answer any general questions that you may ask to learn more about credit cards, how to apply for them, how to choose the appropriate card for you, etc. Their customer service department is very efficient and prompt at answering any queries from their customers and from those interested in getting a credit card. Any report of a lost or stolen card can be made immediately at their toll free number, which is available 24x7, so you do not end up paying any unauthorized purchases.

With hundreds of companies offering several credit cards and with each having unique features, it becomes really difficult for consumers to decide which credit would suit him or her the most. Such credit card help can be provided with ease by the Capital One website itself. It's Find a Card tool is extremely helpful in choosing the card that is best for you. By answering three simple, straight forward questions, one's dilemma can be solved without any hassles.

While choosing the best card for you, the tool will ask you about the feature you are most concerned about, in a credit card. You will also be asked to rate your own credit in terms of being excellent, good, needs improvement and in the process of being established. Also, the first question that you will be asked is whether you already own a Canadian credit card or not. Answer these questions and let the machine decide which the best option is best for you. Such credit card help is rarely seen in any other credit card company in the business.

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If you cannot rely on the credit card help provided by a machine, you can help yourself by visiting the Capital One website and comparing the various credit cards that are offered by Capital One. All the cards offered are listed on the same page and parameters such as interest rate, annual fee, eligibility, etc. can be easily compared for all the cards simultaneously. Special features, such as cash back on certain purchases, are also mentioned with other details. When it comes to credit card help or help in choosing the best credit card, Capital One seems to be the best option for everyone regardless of their credit history. What is Credit Card Help?




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what is a credit card balance transfer
- Posted July 31, 2009 by Monty Loree
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What is a Credit Card Balance Transfer? You might be wondering what this credit card balance transfer is all about if you are a new customer to these credit cards. This is one of the services that are provided by the credit card companies like Capital One that can help you save a lot of money by simply transferring your high interest balances from the other credit cards, loans and also retail cards. All this is transferred to your Capital One master card.



Hence to do this you have to own one of these Capital One master cards. This is applicable to those staying in the country of Canada. So the next question that arises is why you will have to make use of this balance transfer service that is provided by Capital One. The first reason is that you can save a lot of money on all that you have spent. Next you get to transfer all your balances to the low interest rate credit cards of yours that are from Capital One and hence you will be able to consolidate all the debts that you have in to one monthly payment that is really simple.

So how much will you be able to save is yet another question that comes to your mind when you will be applying for this Capital One credit card so that you have easy access to the credit card balance transfer. Capital One also provides you with a calculator that calculates your balance transfer savings. It is now easy to use. You will also find that in a very short period of time you will be able to save much more by transferring the high interest balances to a Capital One card of a low interest. You also have Capital One with their very many services to help you just in case you do not know how to go about things.

Initiating a balance transfer is one thing that most of the new customers have doubts on. All you need to do is to call the customer relations that operate twenty four hours every day of the week. You can also log in to the online banking site and transfer the balance. Online credit card balance transfers are quick and also very easy for you to perform. The best thing is that you can do it at any point of the day. To make sure that your balance is gone to the right place you can also make a quick check on the balance transfer when you log on to the online banking.



You can make use of this credit card balance transfer with Capital One for all personal loans, similar accounts, auto loans plus the credit cards like master card, visa and also American express. In addition to all this you can also use retail cards. Balances from other accounts of Capital One is not allowed to be transferred. This sort of a credit card balance transfer service is available in Canada for all Canadian accounts. All your requests will be processed in Canadian dollars. What is a Credit Card Balance Transfer?

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what is a credit card balance
- Posted July 31, 2009 by Monty Loree
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What is a Credit Card Balance? Credit card balance is something that can really help a lot in improving the rating of your credit. One thing that you ought to keep in mind is that you should never ever be late with your payments when you make use of your credit cards. This is because your credit rating will actually go down and put you in a situation that is bad. There are also many other factors that add to the things that go into the determination of the credit score of yours. Credit card balance is one of those things that make a difference in that credit rating of yours. Credit scores reflect anything and everything that go on from the loan defaults, late payments and go up to foreclosure.



If you are a person who pays your bills on time with your loan payments as well as debts, do not have any repossessions or collections, not declared for bankruptcy then it is most unlikely that having a credit card balance will actually have some effect on that rating of your credit. This is very true in the country of Canada. It is not that it is not the same in other countries but still it does matter a lot here.

As Capital One suggest if you have no form of creditor even if you are recovering from a credit that has been bad then a credit card is sure to help you build good credit even if not great credit and hence offset that bad history of yours with your credit. A secured credit card does not cost you so much and hence this is provided by Capital One even though you are not earning an income that is good enough. However you need to be careful about applying for these credit cards as some of them will need some credit inquiries which will actually put a black mark on your name as well as your credit report. Most of the lenders are deterred if they sight more than about four credit inquiries in a period of six months.



Once you have a Capital One credit card in your hand then you can make purchases that are small and then pay it off as soon as possible or even immediately. This for sure will help you build your credit. As you keep doing this, you become stable and then you can make purchases that are larger and also maintain a balance on that Capital One credit card of yours. Make sure that you pay off that required amount right on time. It is also important that you keep in mind that the rate of interest on these credit cards is high. So if you make small payments overall then it will cost you a lot in the long run. So try paying as much as possible when you can and at one go, instead of small amounts every now and then. What is a Credit Card Balance?

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what is capital one cash back platinum master card with no hassle rewards
- Posted July 31, 2009 by Monty Loree
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What is Capital One Cash Back Platinum Master Card with No Hassle Rewards? In the real world of today, credit cards have achieved a commonplace stature and things have reached a situation wherein life cannot just move on without that little piece of plastic, craving for your touch. So obviously, the market for such little geniuses is extremely enormous and has always led to newer vistas in credit card sales.



Speaking of the company as such, Capital One was founded in 1988 by Richard Fairbank and Nigel Morris and is now one of the leading players in the credit card market, apart from making inroads into the loans, savings and auto finance sectors too. Capital One’s operations began in Canada in 1996 with the opening of its head office at Toronto. However, unlike in the USA, Capital One does not operate outside the credit card sector. It is the second largest customer of Canada post. Capital One now offers to you the Capital One Cash Back Platinum Master Card with No Hassle Rewards.

This Capital One Cash Back Platinum Master Card with No Hassle Rewards credit card is certainly a one of its kind card in the Canadian market. It is an exclusive card on offer for Canadian residents only. The customer gets to choose from a check or a statement credit. Adding to the existing irresistible features is the bonus of no upper bounds on earning being set by the company. So whatever be your salary, you shall enjoy unequivocal benefits as any other customer of the card does.

The Capital One Cash Back Platinum Master Card with No Hassle Rewards should be your priority certainly because you can claim the reward money at any time of your ownership of the card. You need not let it build to a certain amount before collecting the promised sum, or rather worse, wait until the end of the year before you can get your reward sum like other cards of this nature. In addition to this, you start earning rewards right away from the word go. Any average credit card amortization period would always require you to spend 5000 dollars before you qualified for a reward. However this Capital One Cash Back Platinum Master Card with No Hassle Rewards card helps you earn the dollars, right from the moment you have signed the application form.



However, over and above the above given benefits, the greatest asset of the Capital One Cash Back Platinum Master Card with No Hassle Rewards card is that you can use it at just about anywhere you would want to – for your groceries, at the supermarket, gas station- almost anywhere where the plastic currency is accepted. As far as this card goes you will never find any purchase too small. And as per our estimates, on purchases that reach till a limit $3000, the customer gets to enjoy a 0.5% cash back annually as returns. For example, if this credit card pays you 1% back, and your bills total $2500 a month, you qualify for about $25 in cash each month. That amounts to an amazing $300 a year, just for using the credit card for a period of one year.

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what is a credit card interest rate
- Posted July 31, 2009 by Monty Loree
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What is a Credit Card Interest Rate


What is a Credit Card Interest Rate? Whenever you take a loan, you are expected to pay a certain percentage of the loan as interest to the lender in compensation for lending you the money. Since credit cards are also a form of loan where you spend the money from the bank first and then repay it later, you are expected to pay an interest on them. This rate which decides how much additional amount you pay for your cards is called credit card interest rate. This interest rate depends on a number of factors such as credit history of the borrower, amount of money being borrowed, securities, etc.

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The main factor that influences credit card interest rates is the credit history of the borrower. If you have defaulted on your payments or declared bankruptcy, it could give a bad credit history. This means that you will be charged a higher rate of interest as compared to a person with a good credit history. Sometimes a person with a bad credit history will have difficulty in getting a loan. However having a bad credit history is better than not having one at all. People with no history might be charged with even higher rates of interests.

Most credit card companies only require you to pay a minimum amount every month for your credit cards depending on your credit card interest rate rather than the full payment. You can then pay up the rest of the loan later on. This is very useful for people who have limited income at the time such as seasonal workers. They can pay the required minimum amount and pay up the full amount when they have the funds.

However using a credit card that has a balance left on it could be troublesome sometimes, especially if your credit card interest rate is high. This is because the more balance you carry, the higher will be the interest charged and you will spend more time trying to repay the loan. Although it is good practice to invest your money, investments hardly have interest rates that match credit cards and whatever gains you make on your investment might be negated by the interest on your credit cards. Therefore it is better to use the money you plan on investing to repay the balance on your card.

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Capital One, which has its Canadian headquarters in Toronto, is one of the leading credit card companies in the UK, Canada and the US. Canada One offers a variety of credit card plans that caters to your needs. The low credit card interest rates they offer are really enticing and is one of the best deals available in the market! They also offer online banking facilities making all your transactions much easier. A relationship with capital one is bound to be beneficial, transparent and secure. What is a Credit Card Interest Rate?



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what is a credit card limit
- Posted July 31, 2009 by Monty Loree
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What is a Credit Card Limit?


Credit cards have become an integral part of everybody’s lives. They give us the convenience of buying now and paying later when we have the cash. However it is not all fun. All cards are set a credit card limit. You will not be allowed to spend more than this limit. This is simply for the sake of security to ensure that you don’t spend more than what you can repay to the banks. This makes sure that banks and credit card companies do not suffer huge losses on account of your overspending.

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The credit card limit varies from person to person. There are a number of factors that determine what the set limit for a person is. Some of these include the card holder’s credit history, his or her income that will determine how much of principal and interest that person can pay, the total assets that the borrower owns, etc. The credit history is important as it indicates the reliability of the borrower. If you have made your payments on time, paid more than the required minimum and gotten out of credit as soon as possible, it reflects well on your credit history. This means that you will automatically get a higher limit as compared to a person with a bad credit history.

The second important factor that determines credit card limit is the income the borrower gets and his or her ability to repay the loan. A person with a higher income or with more resources at his or her disposal will have a higher limit for obvious reasons. The lower your ability to pay back the credit, lower will your limit to protect the bank from losses.

The credit card limit is also dependant on the recoverable assets. Higher the value of the assets you own higher will be your limit and vice versa. This is to ensure that in case you defunct, the assets will save as security for the financial organization or Credit Card Company and can be used to compensate for their losses.



Having a credit card with higher limits is always beneficial. This is because not only do you have enough to spend on what you need but it will also ensure that you do not exceed your limit accidentally. Also this will enable you to carry fewer cards rather than a number of cards with low limits. Fewer cards mean lesser interests and will ultimately save lots of money. annuity income

Capital One is a bank based in USA having operation is USA, UK and Canada. They have emerged as world leaders in credit cards thanks to the various plans they have to offer that are mutually beneficial. They have won a number of awards and accolades and have made a good reputation for themselves. Rated amongst the top banks in the world, they offer cards to customers with credit card limits that will be enough for you to get everything you might need in life. What is a Credit Card Limit?

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capital one cash back guaranteed mastercard for gas groceries
- Posted July 31, 2009 by Monty Loree
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Capital One - Cash Back Guaranteed MasterCard® for Gas & Groceries
Introduction: Credits and debts have become thee way of life for most people at this present technological age. The trade and marketing industry survive based on credits and trusts. These credits are provided by large Banks to the industries and companies. The plastic money provides people with short term credit and gives them the independence to get or buy whatever they want, provided they are within their range of earning and income. Canada the land of promises has its own range of Credit Card Providers and Companies that give Credits and loans. The most famous of these is the Capital One Credit Card. This is the major Brand Name for Credit Card in Canada. It has a very high reputation and trust among the common users of the country. But to get to this place the company has to go through various hardships and marketing strategies. So what are they?



Cash Back Rewards and Free Miles Programs: People would not easily buy an object without first testing it or experiencing it. So usually samples are handed out. In this case the marketing strategy was to give the customers a lot of benefits and having various rewards programs. In the process of hoping to get these rewards and reward points, people bought this card initially. Later the service and the reliability impressed them more than the rewards programs, which brought the company customer loyalty. People started coming back for more. In a process of encouraging this practice, the Cash Back Rewards program was announced. It was initially reward program for the Master Card range applicable to the purchase of Gasoline and the groceries along with daily provisions.

The Master Card contains a lot of benefits and the reward program has the following features. The person gets cash back of 2% instantly on all Gasoline purchases in the fuel stations and pumps. The card also offers the same 2% cash back for the groceries purchased through this card. The Guaranteed cash back is also for other purchases but the cash back is only 1 %. The person earns back the cash spent and also lots of other prizes, making use of this Capital One Cash back Guaranteed MasterCard for Gas and groceries. The best thing about this is that the person can choose the method of getting the cash back either by the usage of cheques or by cash or by a credit statement that would be deducted if said so from the credit statement.

Also the best advantage of the usage of this card is that there is no limit of how much a person can get back from the Capital One for the Cash Back guaranteed Reward for Gas and Groceries. This reward program has got the full support of the public and this can also be cited as the main reason for the success of this company and its credit services. This card also has the option for including another user in the same card with no extra fee with fraud liability being 0. The Customer Care is also a 24/7 service servicing the users. Capital One - Cash Back Guaranteed MasterCard® for Gas & Groceries

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what is a credit card apr annual percentage rate
- Posted July 30, 2009 by Monty Loree
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What is a Credit Card (APR)
-Annual Percentage Rate?


The term APR or the annual percentage of rate, is the yearly rate of interest applied to a credit card as compared to a payment that is done every month on a particular date as that is applied on mortgages, credit cards or loans. It is a charge of finance that is expressed annually.

In simple words, the nominal credit card APR or annual percentage rate is the interest rate for a whole year. A credit card's APR is the total of the fee as well as the compounded rate of interest that is calculated over one year. It is so easy you do not need to contact an attorney to understand the process.!



low interest credit card. The card offers the following benefits:

• Enjoy a low, long-term rate of 5.99% on purchases and balance transfers, guaranteed for 3 years (as long as you pay your bills on time)
• After 3 years your rate will stay low and become a variable rate of Prime +6.99% on purchases and balance transfers
• Annual interest rate for cash advances is 19.8%
• No annual fee



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- Posted July 30, 2009 by Monty Loree
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What is TD High Interest Credit Card?


Even though there are people trying to save their money, they still get a high interest credit cards that the market is offering with the least interest rate possible. You must be wondering why people are buying these high interest credit cards. Below are the features of the TD high interest credit cards.

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There are people who are getting the TD high interest credit card. Those TD high interest credit cards with no fee at all are the cards that people are looking for because they can save money on these credit cards even if they are paying a high interest rate to maintain these credit cards. Most of these credit cards will need some minimum balance that is required to keep your card running.

The TD high interest credit cards do not require this minimum balance that costs around thousands of dollars. This is an advantage that most of the users like about the TD high interest credit card. Also, the TD high interest credit cards have lots of free features which includes stuff that is related to finance. You do pay frugally to live more happily with these TD high interest credit cards.

The TD high interest credit card does not charge for balance transfers. This feature entices people to own this type of credit card. You also do not have to worry when you travel because travel fees are reduced and more services are given to you free of charge. You do not have to pay so much when you are traveling. and can save a lot of money at the same time. The TD high interest credit cards can calculate the savings that you can make. This is a great feature that TD high interest credit card is offering.



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- Posted July 30, 2009 by Monty Loree
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How to apply online for a credit card?


The credit card has become an indispensable tool for many of us. As the demand and necessity for credit card grows, credit card companies come up with new ways to meet these needs. One of the many marketing come ons by these credit card firms is by allowing prospective customers to apply credit cards online. Online application for credit card is very convenient because you can fill up your applications anywhere as long as you have a computer and an internet access. This is one of reasons why many customers prefer to apply online for a credit card.



Capital One is a diversified bank that offers various financial services and specializes in credit cards, banking, home loans, auto loans, etc. It is based in McLean, Virginia but has operations in many other countries. It started its operations in Canada in 1996 and specialized in credit cards unlike its diversified parent company in the U.S. Its Canadian office is located in the city of Toronto, Ontario. It is one of the Fortune 500 companies and is credited for pioneering the mass marketing of credit cards in the early 1990's.

As mentioned above, Capital One - Canada focuses mainly on the credit card market. It has been named one of Greater Toronto's Top Employers in October 2008. This proves the company's success in marketing the credit cards. One strategy the company uses to promote its credit card is to allow its customers the option of applying online for a credit card. This is very popular among Canadian customers. And as most people today are computer savvy, applying credit cards online is not only convenient, it is very easy.

Before applying online for a Capital One credit card, the first thing that you have to determine is the type of credit card that you want or need. It is important to note that the credit card needs to serve a purpose and should not be used as just something flaunt about. To find out what type of credit card suits your needs, go to Canada One-Canada website of call their customer care department.

The different types of credit cards that capital one offers its customers are Delta SkyMiles®, Gold MasterCard®, SmartLine™, Platinum MasterCard®, Fusion™ Platinum MasterCard®, Low Rate Guaranteed Secure MasterCard, Capital One Guaranteed MasterCard, etc. Once you decide on the type of credit card you need, make sure that you satisfy the eligibility criteria. The eligibility criteria basically take into account the annual income of a person and his age. You can then apply for the card you want online and you will receive it within a period of time. What is bank interest charges?

In Canada, Capital One is a very prominent financial institution which was established in the year 1996. Its parent company is in the United States of America. In Canada, it is head quartered at Toronto, Ontario. This bank caters mainly to the credit card industry and has not diversified much unlike its parent company in the United States. It is a very successful company globally and in Canada having featured in the Fortune 500 companies and it was voted as one of Greater Toronto’s top Employers in October 2008. The Capital One company has single handedly pioneered the mass marketing of credit cards in the early 1990’s. This could possibly be the reason why many Canadians prefer to have a Capital One guaranteed secured mastercard.

When it comes to getting a credit card, a lot of thought needs to go into it before one decides on what to buy. To start with, one should know what purpose the credit card has to serve. Only when this is decided can one choose from the different types of credit cards the company has to offer its customers. Next is to make sure that the eligibility criteria are met. This mostly includes the annual income of the person who is applying for the credit card and his or her age. When all this is done, one can apply for a credit card and get it. Applying for a credit card can be done either online or by visiting the company in person, whichever is more comfortable for the customer.

When one sees whether a credit card is good or bad, it has its own advantages and disadvantages. It is difficult to classify any credit card as a good credit card or as a bad credit credit card. It is the user who ultimately makes it a good credit card or a bad credit card. If the customer has a bad credit record, it will obviously to problems and then one might say it is a bad credit card. Sometimes, for people with a bad credit history, it will be difficult to get a credit card. Even in such situations, it is possible to get a credit card but it is ultimately up to the customer to keep it from becoming a bad credit card. It is important to keep in mind that almost everything in this world has a bad side to it and it is up to us to ensure that the bad side does not affect us.

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what are canadian tire low interest credit cards
- Posted July 30, 2009 by Monty Loree
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What are Canadian Tire Low interest Credit Cards?


Introduction: Credits and loans are the way of life for many people. It is not uncommon for many people to use these plastic money in their daily transactions.This practice makes some people hooked on online and credit based transactions instead of the usual transacting in paper money. Credit card companies provide card holders with credit cards with the credit limit based on the person's credit score.The Low Rate Guaranteed MasterCardis one of the leading credit card vendors servicing for various needs and satisfying the customers.

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Canadian Tire Low Interest Cards and Low Rate Guaranteed MasterCard®: The Canadian Tire credit cards are very popular and cater to the different needs of their customers. These cards are broadly classified into High Interest Credit Cards and Low Interest Credit Cards. These cards popularity is based on their rewards programs, the high credit limit and the corresponding nominal interest rate and the medium credit score requirement.

The various cards that are available in the market include the Canadian Tire Options Master Card, Canadian Tire Links Master Card, and Canadian Tire Commercial Link Master Card. But the Interest rates of these cards are much higher than the Capital One Credit Cards. The Canadian Tire Low Interest Cards have an interest rate of nearly 26% and they require a fair credit score.

The Capital One Low Interest Cards the average interest rate is at 9.99% for the platinum type credit card and it has an annual interest rate of 19. 8 % for short term credits. Incase it is a longer term or three years minimum the rate becomes 9.99%, if the customer pays the bills regularly. The Low Rate Guaranteed MasterCard® offers these features:
  • Low annual interest rate of 14.9% on purchases and balance transfers
  • Annual interest rate for cash advances is 19.8%
  • May help you strengthen your credit history
  • Security funds may be required

The main advantage of Capital One's Low Interest Cards is that it is free to transfer debts using this card and there is no need for service charges but the trade off is the approval of this loan. This card gets sanctioned only when the person has a good Credit scoring rate. The next type of card is the Low Interest Rate Guaranteed Secured Master Card. This one has a guaranteed approval but the interest rates are 19.8%.

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The advantage of the card is that the interest rates are very low when compared to other credit cards. The card can also help regain the credit rating score and the person can also update the report with this attained data. The next type of card is the Capital One - Low Interest Rate Guaranteed Master Card®. This card is a scaled down version of the previously described credit card. The advantage of this card is that it provides $0 fraud liability and there are various ways that the credit score can be updated using this type pf card. All the three above mentioned credit cards can improve or decrease a person's credit report and the holding of the various credits and debt transfers. What are Canadian Tire Low interest Credit Cards?



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what is a capital one low rate guaranteed mastercard
- Posted July 30, 2009 by Monty Loree
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What is a Capital One – Low Rate Guaranteed MasterCard?

In today’s horrible economic climate, it is totally understandable if a person has bad credit, that is, if they have a bad history of not being able to pay their credit card bills or if they have declared bankruptcy. This is because of the considerably large amount of people that are laid off each month while no new job opportunities are being created. Thus in these times of financial crisis, these people deserve all the help they can get in order to survive and make it through the bad weather. In that respect, Capital One, Canada’s number one financial organisation has come out in fine style with their recently released Capital One – Low Rate Guaranteed MasterCard schemes and offers.



Wondering just what exactly this is? Well, this is a credit card that has criminally low interest rates and that requires little or no credit history. Thus if you suffer from a bad credit history that prevents other credit card organisations from being able to trust that you will be able to make the monthly payments for the credit card, then Capital One – Low Interest Rate Guaranteed MasterCard is the option for you. You will be approved for this card even if you had just declared bankruptcy. All that is required of you, to maintain a good credit relationship with Capital One once you purchase the Capital One – Low Rate Guaranteed MasterCard, is to make sure that you make the monthly payments.

As long as you are able to manage that, then there is no problem in keeping the credit card and using it on a regular basis. A major advantage with this type of credit card is the amazingly low interest rates that accompany it. This can really be a major step towards stabilising one’s financial affairs since it means that you will be able to save more cash each month that can be used into the next month. Since most of the worries for the people who were hit by the financial crunch is where the money is going to come for the next month, a little bit more saved in this one would certainly ease the pressure on next month.

With the Capital One – Low Rate Guaranteed MasterCard, there is the added benefit of having no annual fee either. This makes it one of the cheapest credit cards available as no other credit card offered by any of Capital One’s rival companies offer anything at this level of low prices. This might not seem like much since the annual fee is just a small amount that is paid once a year, but once you consider other factors like the service fees, penalties, etc., it is easy to see that Capital One offers you the best deal with no hidden expenses. Thus if you are one of the millions in the country suffering from the economic collapse, then fear not, because Capital One has faith in you, and you can have complete and utter faith in Capital One – Low Rate Guaranteed MasterCard. What is Capital One – Low Rate Guaranteed MasterCard?

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what is a credit card approval
- Posted July 30, 2009 by Monty Loree
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What is a Credit Card Approval?

Credit card approval is very much needed if you need to use a credit card. Earlier it took longer to get your credit card approved as it had to go through a number of stages before it got approved. Hence once you applied for a credit card it would take you some time to make use of it.

But today we get credit card approval instantly. With this instant approval it makes it easier for people to use their credit cards as soon as they have applied for one of these cards. You can apply for this credit card approval online.



Once it is found that your credit card is qualified then you normally receive a mail via the internet to your mail account. This happens really fast within a few seconds of sending in the application. So now you do not need to wait for long before you get your credit card approved. Generally people with a real good credit get their credit cards approved really fast. This is available in the country of Canada today and hence there are more people who are looking to get more credit cards instead of handling cash manually. Capital One is one of the most famous credit card companies that are providing you with such facilities.

There is also another way, which the credit card companies in Canada like Capital One, use to get the business. A list is got from your credit bureau, credit reporting agency or even those people who have real good records of their credit and also favorable payments in the past. If you are one of those people then Capital One has an offer to stun you with. You will be provided with credit cards that are pre approved. Credit card approval in this case is not a matter that needs some thought at all. Such people have histories of paying off their debts in time and hence become the prime members who are targeted to get such credit cards.

This is because Capital One does believe that you will pay and hence your application for your credit card approval is already approved. Yet another good thing about these credit cards companies like Capital One is that if you are one of those people then you will also be offered with credit cards of low interest. There is however one thing that you ought to keep in mind and that is to keep a check on the rate of this interest. This is for only one simple reason that the rate of interest might go up at any point of time and you would not know it unless you are keeping track of it. Capital One now offers you with credit cards of cheap interest rates that are secured. You also have the platinum cards that are available. You can save a lot of money as well as establish a history of credit that is good with these low rate credit cards. What is a Credit Card Approval?

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what is loans for people
- Posted July 27, 2009 by Monty Loree
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What is Loans for People? Money has been lent and exchanged in various forms and according to persons needs since a long time. Even before the advent of money as such, the barter system was widely in practice as a means for man to acquire material. Man's craving for material has undoubtedly led to a vast system of loans for people that enable customers to purchase goods with minimal stress on their own pockets.

Loans for people basically means lending of money by the lender and the person receiving them is called the "borrower". The principal amount loaned out to the borrower has to be repaid in regular and equally-timed installments that amount to the initial loan amount. Over and above the amount loaned out, the borrower is also obliged to pay an interest, which essentially is an incentive for the loaner to hand out the loan. Although the term loan is largely associated with monetary exchange, in certain cases even materials can be lent.

Loans can be classified into two types- secured and unsecured. A secured loan is granted upon the borrower pledging some asset as a security for the loan amount. Auto loans are secured too, but their validity and the amount depend largely on the usefulness of the car being secured. Auto loans for people can be of two types: direct, where the bank hands the loan to the customer directly and indirect, where there is a dealer acting as an intermediary between the customer and the financial authority. With global recession and indiscriminate job-cuts being the order of the day, a lot of Canadians find it a cheaper option to finance their automobile purchases through financing.

Loans for people for higher education are easily attainable in Canada through the Canada Student Loans Program (CSLP). These loans issued to full-time students are interest-free. Financing is available for part-time students too through the CSLP but they must make interest payments while in study and begin payments of principal and interest when their period of study as a part-time student ceases. Students with permanent disabilities or students from low-income families are also facilitated in their study with grants.

The Canadian Government also helps finance small and new businesses through grants, loans, guarantees, subsidies and tax benefits. Under the Canadian Small Business Financing Act, the government can guarantee loans for people desiring to start a small business to a maximum of 85 percent. The advantage being, if the borrower defaults on a loan, the bank is safeguarded. Other government organizations that lend in Canada include the Canada Mortgage and Housing Corporation, that helps housing plans across the country and Farm Credit Canada, which is Canada's largest agricultural lender.

All these organizations fall under the Canada Crown Corporation, which is a state-owned enterprise and runs the general functioning of the country. Some of the important financial organizations granting loans for people that fall under the purview of the state-owned Crown Corporations are: Bank of Canada, Business Development Bank of Canada, Canada Mortgage and Housing Corporation, Canada Commercial Corporation, Farm Credit Canada and many more.

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what is making money in canada 2
- Posted July 27, 2009 by Monty Loree
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What is Making Money in Canada 2? Making money in Canada is no longer an overwhelming task. Though the economic crisis has resulted in lots of people losing their jobs on a regular basis, people in Canada are turning to additional sources of income.
Here are some surefire ways for making money in Canada just over the internet:
1. Market your services online: If you can design using Photoshop or have knowledge in programming languages like PHP and HTML, then you can look for projects online easily. The challenge here is that you should be capable of competing with the global market. There are other adept providers out there who provide services at different rates. Services offered by those in developing nations are often cheaper. To start making money in Canada over the internet, you need to discover your competitive edge and market your services based on this.

2. Buy and sell items: Auction websites such as eBay offer buy and sell opportunities. You can also set up your own website, complete with payment processing system and shopping cart. It is advised to do a research on the in-demand items first. Visit other auction sites to check out the popular items and their rates. The rates on your website must be competitive to the prices on other similar sites.

3. Ad programs: Ad programs pay you according to the number of clicks you generate for the advertiser's site. For this, you need to post content relevant to the advertiser online.

4. Paid survey: One of the most popular ways of making money online is with paid surveys. Many companies look for consumer opinions on their products and services and rely on the unbiased opinions given in online surveys. Although the majority of paid survey sites permit members exclusively from the United States, many survey sites are beginning to expand their member database internationally. However, making money in Canada is not a problem since Canada is second only to the United States when it comes to countries that survey sites permit its members to be from. Paid surveys are easy to fill in and can be filled in at any time of the day or night. So, even extremely busy people can fill in a paid market research survey in a few minutes and get paid for it.

How do you find these paid survey sites?
Simply Google 'paid surveys Canada'.
Make sure you look through the terms or the FAQ section at the site you plan to sign up with to check if they accept members from Canada. If Canada is not listed as an option on the sign up form under 'choose your country', then you will definitely not be able to sign up at that particular site.

Making money in Canada does not seem all that difficult now, does it? So go ahead and start raking those bucks in!

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what is a fico score 2
- Posted July 13, 2009 by Monty Loree
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What is a Fico Score?

Introduction:
The Fico Score is the index fixed on a person's credibility which influences the access of low interest credit cards, mortgages, loans either personal or home and anything that relate to transactions involving credits. The Fico score is also used in Canada as a method of measuring the person's reliability of paying back the loans. The name Fico is derived from the name Fair and Isaac Company.

How Credit Scoring and Fico Scoring Works:
The Fico scoring is based upon the person's ability to repay a loan or honor a credit. In Canada the scores are set between 300 and 900 and most of the people of the nation are in the range of 600 to 750. This score is generated by software for which the input is the financial report of the person for whom the report has to be generated. However the source of this input is never revealed to anyone. The algorithm also is a closely guarded secret.

Also the companies that have a license to use this software are required not to expose any of the information that they might gather while the credit score is being decided upon by the system. Also the scores would be made known to the customer only when the person asks for it personally and in writing.

Advantages of the Fico Score:
The Fico score has made the process of decision taking much simpler. The process of decision taking would be much reduced with a lot less discussions and assessment of the credibility of the customer. This is because lenders have access to the mathematical models and vast information that weighs a potential borrower's financial status and his patterns in finance and predicts how that borrower will behave, based on other people who have the same kind of fianancial behavior.

Credit Scoring and its Importance in Canada:
The US system of Credit Reporting is very similar to that of the Canadian one. The main difference was that the citizens do not get more than one report in the United States. Here the citizens can get Credit lessons and how much ever credit reports he might require. The credit report is actually generated by the computer software.

Conclusion:
The Canadian government also releases these issues with much ease and open mind ness. All these are released as a free publication "Understanding Credits and Credit Reports". The algorithm is stored in a different data center so that their resources do not get compromised and the person with the correct authentication is mobiles. There are some more companies that shortlist people to serve as a meaning. The document highlights some of the following points about how to face an interview.

They are as follows
Payment History:
1) The record contains the ability and the promptness of paying bills and also the point of purchases and outstanding loans
2) Amount of time the person puts on for a work to be completed and used and also the length of the time of credit and the outstanding or present rules. What is a fico score.?

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who is equifax canada
- Posted July 13, 2009 by Monty Loree
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Who is Equifax Canada? Equifax Canada is one among the three agencies that provide credit bureau for businesses along with the generation of information providing reports. These services by Equifax Canada are extended to all companies, individuals and even the financial sector.

The other two agencies that provide similar services are Experian and Transunion Canada. Equifax Canada is housed in Toronto, Ontario. The various services offered by Equifax Canada are fraud, score, disputes and any general request. Equifax Canada provides consumers and businesses with the kind of information that they can trust upon. In the field of information solutions, Equifax Canada has been global leaders. They have been one of the biggest sources of commercial and consumer data.

Equifax Canada focuses on enriching the complete profile of a customer, enhancing the efforts in lifecycle management of the customer and also providing customer profiling and segmentation. Since its inception in the year 1899, Equifax has been the epitome of reliability for credit information. They have been extremely successful in gaining their clients’ and consumers’ trust and confidence.

The credit report provided by Equifax Canada on the consumers’ expenditures and transactions are very authentic. The lenders have access to the information on the credit report.

Recently Equifax Canada in their Canadian headquarters at Toronto declared the launch and advent of Citadel. This is basically one of the most advanced management object (tool) and an application for prevention of fraud. This is exclusive to Canada and first of its kind there. Equifax has made use of the known frauds of the suspects and cross industry universe aspect to develop this tool called citadel. This tool has been developed for the lenders in reply to their urgent requirement of defenses against the fraud application and consequently averts any serious financial crisis.

This is a lone product which gives the consumers a true report of their fraudulent activities with their credit. This also tips them off to improve their efficiency in operation and fake positive rates. Citadel has proved to be critical for the organizations, as they now can provide a nexus between the account opening systems and investigation of fraud.


In Canada, most of the business organizations, companies, individuals and other organizations of the financial sector have been registered to one of the three credit bureau agencies. Even banks, local and international, departmental stores, etc. all register to mostly to Equifax Canada. Equifax Canada essentially gathers all the details about the consumers’ financial activities and his or her expenditures.

The Canadian idea of credit usage is a bit more extensive than that compared to the Americans’. Canada has been known for its credit card frauds and hence Equifax Canada has proven to be more than efficient in the regulation of credit card frauds and thus averting major financial losses. Thus Equifax Canada has been quite successful and innovative in this field.
What is Equifax Canada

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how to fix your credit
- Posted July 13, 2009 by Monty Loree
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How to Fix Your Credit? Your credit is essentially a number that can sum up your entire financial history in 3 digits. Several credit companies in Canada are constantly updating every financial transaction performed by the citizens of the country. Based on these transactions, the companies will provide a credit number to every citizen. Only on the basis of this number will one be entitled to a loan or credit card or any other financial need.

A healthy credit of over 700 from FICO will guarantee anybody a loan at a very reasonable interest rate. However, not everyone is lucky enough to maintain a clean history through out their lives. Sometimes a delayed payment or careless mistake can bring your credit down to a number that will make any Canadian banker apprehensive. In a worst case scenario of bankruptcy, your credit will take a nose dive, making it even more difficult for you to get out of the situation.

Nobody likes to maintain a bad credit. Though the history of your credit cannot be changed, a lot can be done to fix your credit in order to bring you back into the financial world. The first step would be to demand for a copy of your credit report from any of the credit companies. You will have to analyze each and every aspect of the report and inform the firm in case of any errors.

If your problem is far more serious than a mere error, a stringent step must be taken to fix your credit. You will have to devise a systematic procedure in order to clear off your debts. Aim at clearing the debts that ask for a higher interest rate before your try clearing the ones having a lower interest rate. Also, never skip or delay a payment from hereon. If you wish to fix your credit, this factor is a deciding one.

Obtaining a secured credit card can help improve an otherwise bad credit number. A secured card can be easily acquired from any of the banks as long as you deposit a sum equal to the limit of your card with the bank. You will have to make certain transactions with the card and more importantly, pay up for these transactions on time.

This will help the banker or financer gain your trust. Also for every timed payment, the credit companies will improve your credit score. In future, this will deeply assist you in receiving a loan from any bank in Canada.

If you are unable to cope up with your debts, seeking out external help would be a good idea. In order to fix your credit, you might have to approach credit counselors or financial counselors. They will be able to come up with the most appropriate solution to clear your debts in the minimum time possible. Besides clearing your debts, these counselors will also ensure that the manner in which the debts are cleared will indirectly fix your credit with all the credit firms in the business. How to fix your credit.

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How to FIX MY CREDIT in CANADA
- Posted July 10, 2009 by Monty Loree
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How to FIX MY CREDIT in CANADA? According to reputed bankruptcy trustees, a volley of questions often expected from citizens relate to dealing with poor credit after bankruptcy. An individual’s credit rating is one that determines if he/she will be able to avail a loan in the future or not.

In Canada a black mark on one’s credit report, say for example filing bankruptcy, would remain in his/her credit record for a maximum of seven years.

Is it possible to erase bad credit history? Is it possible to fix my credit? Is credit repair post bankruptcy a possibility? Does that as well answer to ‘fix my credit’ queries? Unfortunately, you cannot completely wipe off your bad credit, because you cannot remove bankruptcy from your report. Nevertheless there are various other solutions to improve your credit record.

Suggestions on how you can repair your bad credit follow.
Common solutions to repair BAD CREDIT

Fetch your credit report
A credit report can be obtained free of cost or for a nominal charge. Following are the credit bureaus in Canada.
Trans Union 1 800 888 4213
Equifax 1 800 465 7166

Credit report review A review of credit reports is suggested to look for erroneous findings and negative comments. One of the most common forms of an error is the inclusion of a debt that one may have already cleared. Negative comments generally result from a retail store card that one probably would have stopped using five years ago, if it had a $30 balance owing, it may still find its place on ones credit report.
Correct any errors on your credit report
On finding an error, get in touch with the credit bureau of your respective region and show proof that you do not in any means owe them money. In some cases a letter may be needed from the creditor stating that the payments were made.

Pay off your debt Many a times a lender may look on high levels of debt even when your credit report indicates that you have made all your regular monthly payments. The solution lies in clearing off as much of your current debt as possible prior to seeking a new loan.
It is recommend clearing off the higher interest debts initially, for example the wise thing to do would be to pay off the 16% credit card debt and then the 12% credit card debt. The lesser your debt is, easier it would be to seek a loan.

Worst case scenario
In situations where the debt is more than one can probably repay, the only solution to credit repair would be to formally deal with your debts. The options include, filing a formal proposal to your respective creditors, or looking at consumer counselling for bad credit reports and a management plan for your debts.

Having suggested a string of solutions, one cannot erase a poor credit with a personal bankruptcy record on it, however partial credit improvement and credit repair after bankruptcy is a possibility which lies in your hands. Want to obtain a loan somewhere in the future? Start improving your credit rating now. Start implementing Fix My Credit solutions right away!





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what is fixing bad credit
- Posted July 10, 2009 by Monty Loree
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What is Fixing bad credit?
It may be really difficult for you to fix bad credit as many of the people might not be willing to help in any way. However in Canada you can fix bad credit. This can be easily done by simply obtaining a credit rating that plays a major role or what is referred to as an important role when you are trying to obtain a credit card that is unsecured.

These bad credit cards can take up to a 900 from a simple 300. If you have something around a 700 then your credit is supposed to be really good to fix bad credit. If you do find that your credit is much below 600 then there is no need to worry as you can still do something about it. For instance with the fix bad credit you can also look at mortgaging. The bad thing about this is that if you find that your credit is bad then you will have to pay an interest that is really high to get to fix bad credit.

For those people with bad credit and those who are looking to fix bad credit there are both financial institutions as well as banks that are available to approve you for a credit only if you are looking to fix bad credit. The amount of credit you will need to pay however always depends on the total line of the credit. Unsecured credit cards for those to fix bad credit are not very much likely to be available in Canada.

For those people who want to get secured credit cards in Canada and also for only those who are trying to fix bad credit, there is a really good way to build or even rebuild your credit. Most of the secured credit card companies will require you to deposit something that is equal to the credit line that you are looking at. It really is important for you to make sure that you report your monthly payments to the major credit bureaus.

It really helps in increasing the credit rating if you make your payments right on time. For those trying to fix bad credit there are also pre paid cards that are provided in the country of Canada for those people who do online purchases. These prepaid credit cards are a great and an alternative way for making the online purchases, reservations in hotels and also for renting cars. It is so much safer for you to carry around this than having to carry around cash in you. This is however charged with a fee that is very small and also that which has to be paid every month.

There are also student credit cards in Canada that are provided for students who want to fix bad credit. These student credit cards are really an amazing way for all those college students who want to start off by building a credit history that is really good and that will stand for a long time to go.

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what is a collection agency
- Posted July 04, 2009 by Monty Loree
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What is a Collection Agency?
A collection agency is one that pursues debts owed to a credit organization for a fee or buys the debt at a fraction of the cost, and recovers the rest from the debtor. They are governed by strict laws to prevent harassment to the debtor and they have a statutory limit of 7 years for recovery. They are a last resort for companies to collect on unsecured bad debts.

They normally work for a flat rate or a percentage or on a hourly basis, and recover unpaid dues. Here in Canada, once the bad debt information has been factored into ones credit rating, it stays for 6 years, from the date of last transaction. If the agency starts to harass customers or intimidate them, one can register a complaint with the Attorney General's (or Consumer Protection) office.

If a collection agency calls you without first informing you in writing about their taking over your dues, or call at ungodly hours, or more than once a day you can take legal action against them as the Canadian laws frown upon harassment. The agency is not obliged to keep the debtor informed of payments; it is up to the debtor to keep track of his payments. An agency cannot take legal action against the debtor nor move to cease his assets; any such attempt on their part will be seen as harassment.

At best, they can recommend to the creditor that legal action be taken. A collection agency is obliged to ensure of the correct identity of the debtor, and inform him in writing prior to calling him. One can get more information on these agencies and their operations and their obligations by calling the toll free number to Consumer Protection : and asking for "A Consumer's Guide to Collection Agencies". When dealing with such an agency, it is very important to stay calm and professional; any commitment given towards payment has to be met with, no exceptions.

One should not try to evade one's debts as they are responsible for those debts; however if one tries, a collection agency has the ability and wherewithal to track down people. Any debt sent to such an agency for collection automatically affects one's credit rating and will go on for the next 6 years, at least. An agency gets into the picture only when a creditor gives up hope of collecting from the debtor, so the credit bureau is already informed of the bad debt.

A collection agency in Canada cannot garnish or attach a debtor's wages or assets in the USA, unless they retain an US attorney for the same and get a court ruling from a civil court in the US. However, if the debtor is a Canadian Citizen, a court ruling in Canada can be enforced against any assets in Canada, even in the debtor's absence.

Once an agency buys a debt, it will not give up, even if the debtor is away from the country for a long time. Unpaid student loans can follow a person for a long time and they cause a bad credit rating to follow you around, creating difficulties when you try to buy a car, home, etc.

REGULATIONS: Canadian Collection Agencies are Regulated Provincially.

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what is securing loans
- Posted July 04, 2009 by Monty Loree
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What is Securing Loans?
For students looking for a loan an online search would be their best source of information. Even someone with a poor credit rating can get a student loan, but the interest rate is likely to be exorbitant. Some banks in Canada do offer student loans for study in the USA. As a general rule, only Canadian students can avail of student loans from the Canadian Government, though there are exceptions.

For students from the US who want to study in Canada, in case of Universities recognized by the US Dept. of Education, they are eligible for Stafford Student loan and their parents for the Parents Plus loan. Most banks offer a wide range of business loans to cater to the needs of their customers. It is prudent to have a thorough business plan worked out, along with the proposed repayment schedule for quick approval and disbursement. The initial contact and application can be done online, as most banks have specific provisions for different functionalities on their websites and this will further speed up the processing of the loans.

In case of emigration, say to Canada from the USA, it is better to be upfront about it than face charges at a later date brought by the lien holder. Unsecured loans can be found online to suit every pocket and needs. In case of students from USA studying in Canada, tax exemption for the loan interest paid is provided if the University is a recognized one.

The federal and provincial governments in Canada offer grants and student loans to deserving candidates. There are several online lenders who are willing to sanction loans to even people with bad credit. Some trust and loan companies like Citifinancial, VFC (Vehicle Finance Company), specialize in unsecured personal loans. A student loan is an inescapable liability; it can never be written off (please read the contract), there is no statutory period, and it can even survive bankruptcy. One should at least try and pay the minimum dues on their loans, as neglecting to pay even that makes on financially irresponsible.

Getting business loans in case of bad credit is also possible as specialized banks cater to it. The debt consolidation process can merge all overdue loans and bills, including utility and medical bills, and even taxes into one consolidated loan. This helps in one consolidated EMI which is split between the various creditors, reducing the burden on the debtor, while repaying the creditors as quickly as possible. In Canada, an American homeowner can get an Equity Line of Credit on property owned here.

But one has to specifically ask for the Equity Line of Credit. Availing of loans is quite simple, provided one has minimum 2 years of gainful employment; one can approach One of the Canadian Banks, credit unions, trust companies, for such a loan. Some banks, when sanctioning loans to people with bad credit history, do it in increments – raise the amount lent month by month, based on their net income, credit score, job history, and other factors.

Mobile home loans are available with blemished credit history, but at very high interest. For people with bad credit history, it is essential to meet the conditions in the loan agreement for improving their records. For businesses, at least 2 years in existence is necessary for getting a loan approved; if not a personal guarantee will be needed.


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what is a credit card
- Posted July 02, 2009 by Monty Loree
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What is a Credit Card?



Credit Cards, be they Mastercard or Visa, are one of the most recent developments in the banking industry that has revolutionized the personal banking sector. Besides avoiding the painful process of carrying cash wherever you go, credit card companies have simplified internet banking and purchases, thus leading to a new sector in finance known as e-commerce.

Even though companies such as paypal specify in the same field, credit cards have an upper hand in terms of usage. It is easy to get a credit card and using it on any of the merchant websites is a walk in the park.

Getting to the basics, a credit card is a simple plastic card that consists of a magnetic strip that has the capacity to hold sufficient information about the user including his name, card number, etc. Each credit card has a credit limit, which is cash limit that the user is entitled to and can be used at merchant shops or withdrawn as cash through ATMs found at various parts of the country.

These credit cards can also be used outside Canada, in any other country as long as it has a Mastercard or Visa logo on it. Usage of the card outside the country of origin will invite certain bank charges along with currency exchange charges. This means that even if the purchase is made in US dollars, the credit card statement will reflect the purchase in Canadian currency.

Prepaid cards or Debit cards are similar to credit cards in the way they are used. However, when it comes to the way banks handle them, they are quite different. Prepaid cards do not have a credit limit for each customer. The limit depends on the amount the user deposits in his or her account.

The customer then can make use of this amount through the prepaid card without having to pay an additional transaction fee. This type of card will boost one's credit on one hand and will give the bank more confidence in awarding the customer with a credit card with a fairly decent credit limit.

Building Up Your Credit History


If one would like to improve his or her credit, he can do so by starting a savings bank account, if he or she doesn't hold one in the first place. It would help one's credit if monthly bills are paid through this savings bank account. These bills have to be paid in time, of course, to maintain a healthy credit. Also, the account holder can apply for a small loan and remember to pay the installments on time.

This will tremendously boost one's credit, as credit analyzers will surely look for the timings of payments and any delay in minimum payments will be noted and can pose as a threat to an otherwise good credit.

What is a credit Card?


A primary card holder must make sure he is responsible with his card. Since the credit card is an access to a very good amount of money, any loss can pose a danger to the customer in case the finder misuses it. Thus, if the card is lost or stolen, the customer must not delay in contacting the customer care and blocking his or her card and transferring his funds to a new card.

SEE ALSO


credit card
credit card agreement
credit card application
credit card company
credit card consolidation
credit card debt
credit card insurance
credit information
credit inquiry
credit limit
credit rating
credit report


References




External Links


TD Visa
CIBC Visa
RBC Visa
ScotiaBank Visa
BMO MasterCards
MBNA MasterCards
CapitalOne MasterCards
American Express Canada
HomeTrust Visa Canada

ScotiaBank

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what is bankruptcy
- Posted July 02, 2009 by Monty Loree
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What is bankruptcy? The basic aim of the legislation meant for bankruptcy is to help people who are badly stuck up in debts.It is made to give them bright chances to handle with the debts when they are in hopeless troubles and to get them freed off their debt burdens.To help themselves the bankrupts must provide the necessary details such as income and move on with the help of trustees.Co-operation with the trustee to fulfil all the requests made is important.At this point it is most necessary to say who is exactly a trustee. A trustee is a well educated and seasoned consultant of debts in Canada.Under the condition that the valid documents are filed, there should be no actions against a bankrupt apparently.However this may not include creditors like banks etc.From a married person�s view point , the spouse will strictly not be charged for the bankruptcy unless and until the spouse is not responsible for the debts directly.

Deep into details of bankruptcy There are primarily two ways to go into bankruptcy.It can be either done by voluntarily making an assignment or by requesting the court to declare an order stating about the person�s bankrauptcy.People who have real valid reasons to be in such deep troubles and never been bankrupt before have an advantage of having an automatic discharge in a term of nine months provided the conditions concerning the trustee and other authorities are met.Considering making a proposal is essential if there is proper cash with the person.It becomes the duty of the trustee to deal with it in such cases.

Other payments and costs related to bankruptcy Payments of alimony has got nothing to do with the bankruptcy and it has got to be maintained properly.Some fines can also be taken off by the bank�s discharge. Butbthere are exceptions with fines like court fines, fines for robbed things etc.There are some other costs that are related to bankruptcy but are taken control by the government.For example the trustee fee, fee for counselling are taken decided by the government.

Gaining Credit once again Gaining credit all over again is of course essential and it can be achieved in several genuine ways such as saving a good amount of money constantly,availing only very small loans if necessary , by not accumulating any credit card payments etc.

Bankruptcy in Canada Taking the case of student loans, there are special laws for it and there are less chances of getting the student spared from filing a case under any willingness by te opposition.Getting a trustee�s advice ewhen it comes to the termination of bankruptcy period is important.There are actually a number of considerations that govern the length of the period.The proceedings to gain a mortgage in Canada has had a lot of modifications in the recent two years in Canada.

Merits and trade-offs It is advantageous in the view of avoiding harsh collection approach.It is undoubtedly a fast process that needs no much shell out of cash. It suffers the disadvantage of being tough on the credit history.There is a growing need for continuous documentation of every single detail of the transactions.Sometimes there can be an extent where even the possessions cannot be saved from complete surrendering.

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Credit Repair - What is Credit Repair?
- Posted July 11, 2006 by Monty Loree
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WHAT IS CREDIT REPAIR CANADA?
Even though we have a few websites that deal with credit repair and dealing with creditors etc, I still get the question, "What is Credit Repair?". Many times people aren't sure what the concept of credit repair is all about.

CREDIT REPAIR IS RELEVANT TO EVERY ONE WITH CREDIT
Fundamentally, credit repair is about making sure that all of your credit items reported to Equifax and TransUnion (credit bureaus) are accurate, complete and verifiable.

If you've got credit cards, lines of credit, or any other type of personal credit, chances are that these items are being reported to the credit bureau, or will be if you don't make your payments.

THE LAW - ACCURATE, COMPLETE AND VERIFIABLE.
The law states that all items reported on your credit reports must be accurate, complete and verifiable. All items that are being reported about your must be true and correct. This is reasonable.

This is such a serious topic that there are laws dedicated to the regulation of credit bureaus such as Equifax and TransUnion.

MOST CREDIT REPORTS AREN'T ACCURATE
While most credit items are reported routinely and correctly to the credit bureaus, some definitely aren't. This is true for people who have good credit and bad credit. I have met very few people who have a credit report that is 100% accurate, complete and verifiable.

The reality is that credit bureaus are managers of information. They receive millions of credit items from creditors, collection agencies, government departments, etc to manage each month.

Problems usually occur when credit items are handled by many employees.

I've seen people with good credit, denied more credit because their name was spelled wrong, or because their address was spelled incorrectly etc. I've also seen collection items, judgements, repossessions, bankruptcies that are recorded incorrectly. THIS HAPPENS ALOT!

The first step in credit repair is knowing about credit report problems. In order to know about problems with your credit report you need to get copies of your credit reports from BOTH Equifax and TransUnion

The second is to learn about what is being reported and which creditors are reporting on your credit reports. Equifax and TransUnion are similar, however they do report a little differently.

Once you have studied your credit reports thoroughly you'll probably pick up on some errors that have occured.

HOW DO I START DOING CREDIT REPAIR?
If you've determined that some items on your credit reports are NOT accurate, complete or verifiable, it's time to start disputing these items. Keep in mind, you've got the law on your side. The credit bureaus are regulated and must answer your disputes.

For a guide to DIY Credit Repair for Canadians, please visit www.express-credit-repair.com. This easy to read 40 page ebook will explain the laws and how you can dispute credit items with credit bureaus, creditors, collection agencies and more. Check it out today!

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