Canadian Money Advisor 2005

Helping Canadians Understand Their Money & Personal Finance since 2005

Canadian-Money-Advisor.ca BLOG

100 podcast interview partners wanted personal finance
- Posted December 29, 2009 by Monty Loree
Post Back Link to Canadian Money Advisor

100 Podcast Interview Partners Wanted - Personal Finance

So many times we visit and read blogs about personal finance.. We visit sites which promote products and services that help us either make more money, or save money. I thought it would be a great idea to interview 100 people involved in personal finance to get the low down on the industry.

After writing hundreds of articles , and thousands of discussion posts, I thought it would be nice to interview others in the industry and get their fresh perspective on things.

If you're one of these people, I would like to interview you!!

I am looking for 100 podcast partners to interview in 2010 as follows:
~ Personal Finance Blogs
~ Owners/Managers of companies who service the personal finance industry:
~ Mortgage Brokers,
~ Investment Counsellors,
~ Life Insurance Agents,
~ Creditors,
~ Collection Agencies,
~ Credit Bureaus
~ Motivation and Education Consultants who help their clients make more money

Sharing ideas and concepts for our personal finance visitors.
The objective for our interviews is to give our visitors news about the industry, some new insights and tips from experts who are involved everyday!

Suggested Topics:
For Bloggers
~ What got you interested in Personal Finance Blogging?
~ How long have you been blogging?
~ What is the subject you like to blog about most?
~ What are 3 of your favorite personal finance blogs?
~ What are 3 of your favorite personal finance websites/products/services?

For Industry Service Providers
~ What service do you provide?
~ What are Products/services you offer that can help our visitors save/make money?
~ What are the Benefits of your product/service?

For Motivation & Education Consultants
~ How does your service relate to the personal finance industry?
~ How does your service help our visitors make/save money?
~ Can you give one or two case studie examples from your own experience, where your service helped an individual make/save money?

Guidelines:
~ The premise of the show is to help our visitors learn more about existing resources and services.
~ You must have a few years experience in the personal finance industry if you're a service provider.
~ This is not an advertisement for your product or service
~ You need to indicate when you're available to be interviewed. (I prefer to do my interviews in the morning)
~ I will be doing these 100 interview throughout 2010.. Booking early is important.
~ It would be beneficial, however, not imperative if you could write a little promotional piece and put it on your blog/site to tell your readers about our interview. This way, your visitors would get the full benefit of our interview as well.
~ There is no cost to you for this interview.
~ I will need to see your topic ideas a few days before we do the actual interview


If you're interested please email me at:

Or leave a comment below..


Thanks.. I'm looking forward to a great year doing 100 interviews!

Comments (7)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss General Discussion
Other posts about Canadian Monty's Thoughts
More articles from December, 2009
More articles from 2009


what are life insurance rates
- Posted December 28, 2009 by Monty Loree
Post Back Link to Canadian Money Advisor

What are Life Insurance Rates?

Importance of life coverage
Insurance is a protection that you take against uncertainties and complications in the future. There are various types of insurance but the most important is life insurance. This provides solace to the insurer that his loved ones will get financial assistance after his demise. The insurer however has to pay regular payments to the insurance company for a period of time or until his death. The insurer also has to specify a nominee or any number of nominees who will get the financial assistance. The nominees have to claim the insurance after the demise by providing proper credentials. It is a good and recommended practice to inform the nominee about it. There have been several insurance policies that lie unclaimed with insurance companies. Life insurance policies are of different types and the insurer can choose anyone based on his requirement and suitability. The life insurance rates change based on the type of insurance policy taken.

Insurance quotes for Canadians
The insurance providers in Canada offer two types of life insurance mainly. The types are Term insurance and Full life insurance. The former is for a period of time only. At the expiry of the contract, the insurance cover ceases. This might be used in specific cases only. Full life insurance is for the whole life. The premiums should be continued to be paid by the insurer. The money however serves two purposes. A part of the premium goes towards life insurance and the rest will go towards investment. The investment could be either in deposit account with a bank or in a unit linked plan for investing in shares and stock market. The life insurance rates of term insurance are comparatively lesser than full life cover. The purpose of term insurance is solely for providing cover against life. Full life insurance however deals with both cover and investment. There are lots of sites which provide quotes for insurance policies for Canadian people. They get schemes and details from almost all insurance providers in Canada. The quotes will be displayed based on the information provided by the users. The expectations of the insurer from the policy are collected. Some medical information is also collected. These quotes will tell you which policy to take and the amount of insurance cover that might be taken. This amount should be based on the dependants of the insurer and their income.

Which type of insurance to take?
The different types of insurance have their own purposes. Term insurance can be used by small families whose main aim is for protection in case of death. The life insurance rates are also lower. The insurers however do not enjoy many benefits other than cover. Full life insurance can be useful for tax planning purposes and as a long term investment plan. Some people go in for this full life to get both cover and get returns on them. The decision to go for the insurance policy should be made after consultations with the financial advisor or manager. There are different types of policies for different people.

Comments (0)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Life Insurance
Other posts about Canadian Term Life Insurance
More articles from December, 2009
More articles from 2009


what is penny stock advice
- Posted December 28, 2009 by Monty Loree
Post Back Link to Canadian Money Advisor

What is Penny Stock Advice?

Penny stocks and investment
Stock markets are one of the areas where you can put money into it and watch it grow. This has attracted people so much that share markets were established to enable them trade the shares and the stocks. The people trading in stock markets are so much that a large company has market capitalization running hundreds of millions of dollars. The share prices of such shares are also in terms of tens of dollars to even touching hundreds for some. Such shares are out of reach of people for those who have a small budget. These people however can invest in Penny stocks. These stocks are of small companies that are not popular and profit making to be traded on the main share markets. They have a share price of lesser than $1 to even $5. The market capitalization of these stocks is also very less. These stocks can be considered second rung stocks that mainstream brokers stay away from. A fresher before investing in penny stock should take penny stock advice before investing.

Steps to do before investing
Investing in penny stocks needs more research and homework to be done before investing when compared to mainstream shares. The details about penny stocks are tough to get since they are small companies and will be hard to get information. There are listings of penny stocks that are doing well or which are promising as a prospect to invest. The investor can collect the companies that he might look at from them. There are also penny stock leads which could be utilized to get information. The investor must then narrow his choices to two companies. The investor should look at the company�s financial status, profitability, management and recent progress when deciding the company. The investor can also get advice from any eminent expert in the field. They would be able to give any inside information about the company. The sector where the company operates should also be researched to know its prospects. The recent news about the company if any can be got from financial articles and on the internet. The best penny stock advice is to do a lot of research before investing.

Precautions and care to be taken
Penny stocks are highly speculative as an investment. The investor could either get manifold on his investment or end up losing all his money. There are also lots of irregularities and scandals revolving around penny stocks. Penny stocks are sued by companies to make profit illegally. They will increase the share price by false propaganda and sell a lot of shares when it increases. The investor should not fall into such traps. The investor should get a good broker to manage the transactions. Most brokers prefer not to involve in these stocks. There are some online websites that help the investors to trade penny stocks in Canada. Since the number of shares is less for penny stocks, it may be difficult to buy or sell these stocks. The best penny stock advice is to tread with caution and care when dealing with these stocks.

Comments (0)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Investing
Other posts about Canadian Investing
More articles from December, 2009
More articles from 2009


i saved 89 on annual fee mbna
- Posted December 15, 2009 by Monty Loree
Post Back Link to Canadian Money Advisor

I saved $89 on Annual Fee - MBNA
I called MBNA today to switch my card over to a No Annual Fee card..

The customer service mentioned that I have an incredibly low interest rate on this card... MBNA Travel Rewards Platinum.. the rate is 7.99% which is pretty sweet.. I also have 1.99% interest on balance transfers until October 2010.!! That's pretty sweet as well.

I'm not crazy about the $89 annual interest rate. I told the CSR that I want to switch over to another credit card that doesn't charge the annual fee.. He indicated that I probably wouldn't get the same low interest rate if I changed to another card.

The CSR asked to be excused for a moment while he checked my options... when he returned on the line, he quickly indicated that he would remove the $89 annual fee, for this year, if I stayed with this card.

While I'll have to call back again next year... I saved $89 with a 6 minute phone call! This goes to show that MBNA is ready to give you a break, if you've got good credit. The other main point here is this: You may be able to save on interest rates and annual rates if you call your creditors.

The Keys To My Success in this regards:
If you're wondering why I get such good rates, and good privileges, I've done the following:
• Had the card since 2000
• Paid it up as agreed since then.
• My credit score is around 805
• I don't carry a balance.

These all make me able to negotiate favorable rates with MBNA.

Comments (3)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss The Banks
Other posts about Canadian Creditors
More articles from December, 2009
More articles from 2009


some downsides of being frugal
- Posted December 11, 2009 by Monty Loree
Post Back Link to Canadian Money Advisor

Some Downsides of Being Frugal
On the overall, my family is pretty frugal... We are by nature , which makes it easier to live the lifestyle...

I've taken up watching DIY Network and it's shows. I like the concept of saving money by do it yourself home repairs. I'll be honest, many of the repairs they show are really expensive. Kitchen renovations for $20,000, bathroom renovations for $15,000, bedroom renovations for $10,000 etc..

Many of these expensive renovations have some of the latest and fancy gadgets. They're much more than adding insulation and new drywall.

In our situation, I am not a handyman, and I don't want to take on credit for home renovations.

Downside #1 of Being Frugal: Home Renovations
One of the first downsides of being frugal is that I'm not really the handyman type, and it costs money to bring in a contractor to do home renovations.. I refuse to take on debt to fix up the house.. Our house is paid off, and I'm not interested to get mortgaged up again.

• Quite frankly, we need a new floor in the kitchen.
• Our house has had problems with black mold, and drywall needs to be replaced.
• Our basement foundations are cracked and in some places the concrete is pretty much like sand. It needs to be replaced.
• We can't do alot of other major renovations because of the basement's problems.

Our financial policy is cash only.. So.. realistically the basement and other renovations are going to take years to save up for.

Downside #2 of Being Frugal: Yard Renovations
Our yard is kind of basic. Nothing really exciting. The grass is old and outdated, there are no fancy features and our garden needs alot of work.

Again this is not something I envision myself doing. I would rather hire a contractor in some cases than do yard work. (I'm glad the yard is covered in snow right now... at least my conscience gets a break in this regard for six months! ) It's important to note that I am learning about home renovations, but after not doing them ever, it's going to be a long learning curve...

I'm curious to know anybody's recommendations for getting home & yard renovations done, but using cash only. If you've got ideas, I'm really excited to hear about them.

Frugal Home Maintenance & Frugal Yard maintenance.

Comments (2)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss General Discussion
Other posts about Canadian Monty's Thoughts
More articles from December, 2009
More articles from 2009


balsam hill canada christmas trees
- Posted December 11, 2009 by Monty Loree
Post Back Link to Canadian Money Advisor

Balsam Hill Canada Christmas Trees


I was asked to write a review about the Balsam Hill Christmas Tree site.
As it's getting close to Christmas, they're excited to show people their lovely select of trees, wreaths & garlands, ornaments and skirts and more.

Saving Money on Christmas Costs


As we're always concerned about saving money on things, the Artificial Christmas Trees is one way to save money over the long term. Artificial Christmas Trees can save money if you use them over a 10-20 year period. And.. they save the environment by not killing live trees for the three usage. If every Canadian family who celebrated christmas used artificial trees, we would save millions of trees.

If you like nice things for your family christmas celebration then check out Balsam Hill's wreaths & garlands collection. They got sizes from 24" to 60" wreaths. These would go nicely on all Christmas Trees. They've got styles from Aspen Christmas, Vermont Signature, Napa Christmas, and the Classics Collection. They have pictures on their site which will help you pick your favorite one.

This site is nicely laid out and simple to follow. If you're in the market for that special christmas treat or even an Artificial Christmas Tree , you should check out this site... They really do have nice stuff.

As I usually do with these types of reviews... I always caution people to spend money that they have saved up. I do not recommend that people spend money that they can't afford, or put the purchase on a credit card that they don't have cash reserves to pay back right away. Christmas purchases should be fun, and as such you shouldn't be paying for them with interest over the long haul... Bottom line, if you don't have the cash, please don't make the purchase. Please Purchase responsibly.

Balsam Hill Christmas Trees

Sponsored Review

Comments (0)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Collection Agencies
Other posts about Canadian Site Review
More articles from December, 2009
More articles from 2009


what is accident cover insurance
- Posted December 07, 2009 by Monty Loree
Post Back Link to Canadian Money Advisor

What is Accident Cover Insurance?

Human life can best be characterised by various elements of uncertainty. Insecurity means that accidents may happen at any time, and with anyone. The bad thing is that serious accidents have a very negative impact not only on the person who suffered it, but also on his/her family. In order to prevent at least the financial concerns in such circumstances, insurance companies designed a special product called Accident Plans to provide some kind of financial security for those who suffered an accident as well as for their families. These policies ensure that if an accident takes place, a benefit is given to those insured individuals who are seriously injured or if they die, such benefit is given to their families.
What kinds of injuries are covered by this policy? Benefits are paid in the event of the insured’s accidental death, but also if the person suffers the following injuries due to an accident:


  • Quadri-, para- or hemiplegia
  • Total/ permanent loss of use of one’s limbs
  • Deafness
  • Blindness


So in one word, Accident cover is used to protect the insured and his/her family from the negative financial consequences of the insured person’s injuries resulting from a serious accident. It gives the financially reassuring feeling that in case an accident happens, and the person becomes permanently disabled to work, the insurance company will provide a lump sum as insurance benefit. This means people get financial help when they need it most. Moreover, insured individuals also get a certain amount of money for each day of hospitalisation. Also an immediate lump sum is given in case of disability, the amount being based on the nature and seriousness of the injury.
An important advantage of accident insurance policies is that they address the majority of the key life -stages, from the young through new parents until the older generation. Moreover, Accident Cover gives applicants differentiation by providing them with many flexibility features in order to meet each applicant’s unique needs. The policy thus can be personalised, so one may get a specific coverage against professional hazards for instance. In addition to this, people may add the Children's Insurance option to their accident plans. This will provide an additional benefit to pay medical bills, tuition fees or similar expenses in case one’s child contracts a serious illness.
Is there anything important to know about eligibility? In order to be eligible, people must be at least 18 and under 70, and they should be permanent residents of England, Scotland, Wales, or Northern Ireland. Applicants must be able to demonstrate they have at least 40 weeks residency in any year in the previously enumerated places. When insured people reach 65, their cover ceases to provide protection against permanent total disability and coverage ceases entirely at age 75.
What is the application procedure? The easiest way to apply is either online or over the phone. The whole application procedure will take only a few minutes: people have to answer a few questions, and there are neither blood tests, nor any medical tests. Cover may start as soon as the next working day after the application. Generally people are given a period of 30 days to review their policies and decide whether it is right for them. If they change their minds during this trial-period, people may cancel their plans for free.

One of the main benefits this kind of policy offers is the global coverage. Insured individuals are covered anywhere in the world for the majority of the possible accidents. Nevertheless, it is of primary importance for people to get the necessary information regarding what exactly is covered and what is not. So people are advised to read out the terms and conditions of the policy and ask the company about those elements or features that are not clear.

It is unfortunately true that we cannot prevent accidents, but at least we can protect ourselves and our loved ones from the negative financial consequences of such accidents. A protective insurance we may conclude typically provide:


  • an extensive accident cover from as low an amount as £4-5 a month
  • easy and permissive eligibility criteria (almost anybody is eligible)
  • a possibility to increase the coverage-level up to £150,000
    policy guaranteed without medical examinations
  • Tax-free cash payments
  • the security of fixed insurance premiums that do not change as the insured gets older
  • options to get additional protection for the insured’s entire family (for instance, people may cover their partners as well)
  • worldwide, 24/7 insurance-protection
  • benefits in addition to other policies the insured has
  • coverage until the insured becomes 75
  • 30 day period of money-back guarantee

Talking about the cover in details, people should know that the following are involved: permanent total disability (a coverage of £100,000), loss of sight either in one eye (£50,000), or in both eyes, loss of use of either a limb (£50,000), or of two limbs, loss of hearing (£20,000 - £100,000), loss of use of a hip, knee, ankle, or wrist (£10,000 for each), shoulder (£12,500), thumb (£7,500), any finger or toe (£5,000), hospitalisation up to a maximum of 180 days (£50 per day), and accidental death (£10,000). The amounts given in brackets are approximate sums of money given if the insured suffers the injuries in question. In order to know the exact amounts provided people should get up-to-date information from their insurance providers.

As with any insurance policy, people should keep in mind that there are some excluding factors or limitations. With an Accident Cover there are no benefits for accidents that are direct or indirect consequences of the insured person’s suicide or attempted suicide. Similarly, alcohol or drug use is also an excluding factor. There is no benefit given if any of the previously mentioned injuries happen 12 or more months after the accident. Nevertheless, people who conclude this type of policy are recommended to read out the full details of exclusions that are valid for the policy.

A final advice for applicants is to review their needs and financial situation from time to time. Regularly made analyses should involve people’s coverage-level and premiums. Anybody may change his/her policy: it is possible to decrease the coverage-level, but also to increase it by attaching additional cover to it for extra costs. In order to make changes, people should consult with the insurance providing company. In any case it is of primary importance to understand what kind of coverage is offered and check whether it is right for one’s particular circumstances. Only this ensures that one purchases a suitable policy.

Comments (0)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Life Insurance
Other posts about Canadian Term Life Insurance
More articles from December, 2009
More articles from 2009


getting a mortgage after bankruptcy
- Posted December 07, 2009 by Monty Loree
Post Back Link to Canadian Money Advisor

Getting a Mortgage After Bankruptcy?

Getting a mortgage after bankruptcy in Canada has changed since dramatically since Oct 2008. Sub prime lenders no longer exist, and no longer offer the “day after discharge” options, nor are most of them even operating at all!

To understand how to gain a mortgage after bankruptcy in Canada today, you should follow a simple 5 step process which will properly walk you through the hoops you need to jump through in order to gain trustworthiness again. It is critically important that you follow each of these steps in the correct order. Doing the steps out of order normally will result in failure, or frustration.

Step 1 - Gain your Absolute Discharge & Pay Proposal in Full First.

Since you are not fully complete your bankruptcy until you are discharged, your first priority should be gaining your absolute discharge which would mean fulfilling your trustee’s directions as soon as you possibly can. With a Consumer Proposal, your goal is to pay off your proposal in full, which would equate into the same thing as gaining your Absolute Discharge if you had gone down the bankrupt option. Once you have been discharged for 2 years, or proposal paid for 2 years, you can qualify for a mortgage again with regular interest rates as if you had not gone bankrupt.

Step 2 - Clean Credit Score

By far the most important step I can assure you that 95% of the time is done incorrectly or has not been done at all. You need to review your credit score to ensure it is reporting accurately and the information from your PAID Proposal or your Absolute Discharge are reporting accurately. If your credit score is not reporting accurately, it is very common to see problems or issues with trying to gain credit since lenders are "confused" about your credit score. A clean score is the hardest part to gain in order to restart yourself back into the world of credit. It is 100% necessary that you re-establish your credit as there are limited exceptions with people who don't have credit after a bankruptcy. I have provided a easy process to fix your credit reports on your own with both Equifax and TransUnion. You can visit that information on my site here: Clean Up Your Credit After Bankruptcy

Step 3 - Gaining New Credit

It is important that you need to gain new credit from AFTER the date of your discharge or your paid proposal date. Holding credit though your proposal or bankruptcy will help your credit score number rise if you are using it responsibly, however, it will not count towards “ReEstablished Credit” which is vitally important. You will need anywhere from 1 year of ReEstablished Credit to 2 Years of ReEstablished Credit with a minimum of 2 trade lines reporting over $1,000 each. It is a good idea to gain stronger limits of $1,000 or more, $200 credit cards really don’t support strength in ReEstablishment. Car Loan, Credit Cards, and RRSP Loans are by far the more normal way's people have done this in the past.

Step 4 - Accumulating a Down Payment

Today it is possible to gain a mortgage with as little as 5% as a down payment after bankruptcy and Proposal. You would still be able to gain the same interest rate with 20% down as well, however, the more down payment you have the better the capacity it will show the lenders that you have, which will increase their trust level with you and their application. The down payment normally has to be accumulated from your own resources. The lenders want to know that you have a financial investment into the property and that you are not willing to walk away from the property.

Step 5 - Gaining A PreApproval

Once you have the first 4 steps out of your way, you want to gain a lenders affirmation that they are prepared to move forward with your application. Gaining a PreApproval will not guarantee your success to financing, however, it will give you affirmation that the lender is willing to proceed with you, as long as the insurer agrees with the risk assessment the lender just preformed on you. The property still would need to come into play, and that information is not available when you do a PreApproval.

For a full detailed summary of more information on each of these Steps, feel free to visit my website at:

Steps After Bankruptcy - ShopMyMortgage

Thanks

Matt Wieler, AMP

ShopMyMortgage

Comments (1)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss The Banks
Other posts about Canadian Creditors
More articles from December, 2009
More articles from 2009


payday loans and cash advance
- Posted December 07, 2009 by Monty Loree
Post Back Link to Canadian Money Advisor

Payday Loans and Cash Advance

It happens very often that we run out of money before we get our next pay checks, which could be very disappointing, especially if some urgent financial obligations apply. Or there may happen that we become sick and urgently need some expensive medicine, but we do not have enough money as the payday is far away. In these kinds of circumstances the so-called Payday Loans can be quite useful tools to help us get out of trouble.

But what exactly are payday loans? The term refers to a payday cash advance in the form of a small personal loan for the short term, which does not require any collateral from applicants. This unsecured loan is offered for special circumstances, such as urgent cash needs, or for those who need quick cash but due to poor credit rating cannot get other unsecured loans. So if one has no money, but has an unpaid bill which may have very negative consequences, it is better to take out a cash advance in the form of a short-term payday loan. This will save people from having financial difficulties until they receive their next pay checks. It is important to notice that most of the times payday loans tend to be cheaper than paying late payment charges because of being late with bill-payments.

Talking about the process of taking out this loan, one should notice the following. Because it is an unsecured loan, qualifying for it is not complicated. The important issue is that people should have a fixed income in order to be able to repay this loan. People may choose retail lending which means one gets the loan from a payday-lending store, but there is another choice, namely getting the loan online, from a payday loan site. No matter which way is chosen, the application procedure is quite a simple one. After filling in the payday loan application form, loan providers decide about the eligibility of the applicant, and send eligible candidates the needed cash.

It is always useful to shop around, and find the best payday loan offer, as some creditors may offer flexible payment schemes. The calculation of the maturity date also differs from institution to institution, and so do the interest rates. However, even those payday loans that have high interests tend to be more advantageous than accumulating late-payment charges.

The advantages of payday loans are clear by now, but let’s summarize them again! One of the main reasons for which payday loans are used is that they are less expensive than other personal loans that are open to the public. They are also more advantageous than paying late-payment fees which applies if one cannot meet his/her financial obligations such as paying bills and so on. It is obvious that for people who do not have but need money as fast as possible, but only for the short run, the most convenient solution is the payday loan. With this kind of cash advance no complex paperwork is involved, so generally speaking it is very easy to get them. Other loans, on the other hand, are more difficult to obtain, or at least it takes much more time to get the requested money.

After one has decided that a payday loan is the best choice for his/her particular situation, it is important to shop around and compare at least 3-4 companies who offer this kind of product. This comparison is very easy, especially if one makes use of the internet and the free online comparison tools that do the job instead of them. Because the loan-offers differ considerably, it is useful to be careful with the choice. The flexibility features should also be checked, namely the loan’s terms and conditions, and the repayment methods. Online calculators show objectively and clearly which company provides the best payday loan for one’s specific situation. One more thing that must be checked is whether the creditor is government-protected as this may constitute a guarantee that there are no additional or hidden charges, which might transform an advantageous loan into an expensive one.

Those who are not sure about what to do (to take out a payday loan or not) should talk to a loan specialist. It is useful to know that there are other options as well that are similar to cash advance loans such as the so-called “credit-union loans”, “credit payment schemes”, “pawnbrokers”, “cash advances from employers”, or advances obtained from “credit cards”. If one hesitates a lot, it is better to make a quick comparison, and after this it will be clear which choice is the best for the applicant’s individual situation. The internet is useful in this sense as well.

It is important to know that there is an option of taking out an online payday loan. Applying through the internet is easier, and applicants get the cash advance in the quickest possible time. No additional document is required apart from some basic data such as name, loan-type and amount, as well as the repayment period. After a quick check, lenders deposit the requested cash advance electronically. This way online payday loans can provide cash advance in a few days, but it may happen that a single day is enough for the requested amount to arrive into the applicant’s checking account.

All in all, after a quick but careful consideration, people can decide whether a payday loan is the appropriate choice for their specific situation. It is always useful to know about the various existing loan possibilities, which may help in solving urgent financial problems. So those who need cash advance for the short term to cover urgent financial needs may take out a payday loan until they receive their next pay checks. Otherwise some hefty late-payment charges may apply.

Comments (1)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss The Banks
Other posts about Canadian Creditors
More articles from December, 2009
More articles from 2009


The Amero - New Currency for the U.S.?
- Posted December 27, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

The Amero - New Currency for the U.S.?

I just found this stuff on youtube.com amero and videos.google.com amero

I found this when I did a search for the U.S. being under martial law.

There are alot of people talking about the Amero being the new currency for the U.S., Canada and Mexico...

Apparently the U.S. has shipped 800 billion Ameros to China to help pay for their debt.

Here are some of the videos I found?

Anybody else know about this?






Hal Turner talks about the Amero

Cannot play this video?
This video highlights a very serious concern which none of our media is looking into. The Amero is being looked at as the defacto currency of the North American Community (or Union). Here is a better quality audio/video copy http://www.youtube.com/watch?v=_3jdQxDC7pA Here is a high quality Google Video version http://video.google.com/videoplay?docid=-6638097241299092586&hl=en This video is from CNBC November 27th, 2006 You can also find the next day comments 11/28/06 on the Amero if you have the CNBC Plus account http://search.cnbc.com/main.do?keywords=amero&target=video&x=35&y=8 The paper article is here http://oldfraser.lexi.net/publications/critical_issues/1999/amero/ Building a North American Community http://www.cfr.org/publication/8102/ Toward a North American Community http://www.amazon.com/Toward-North-American-Community-Lessons/dp/0881323284 Stop the North American Union http://www.stopthenau.org/

Is the Amero a hoax? I guess I should start studying this topic..
If the Amero isn't a hoax, then I guess we should pay attention to it.


Scaring the crap out of people because the U.S. is in such huge debt... that's a good way to start to talk about the Amero... OMG... that's nasty..

This raises a huge amount of questions.

Here's is a forum post that says Hal Turner is a hoax.

You can

Comments (7)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Debt Settlement
Other posts about Canadian Debt Relief
More articles from December, 2008
More articles from 2008


Bicycling to the fieldhouse in -23c
- Posted December 27, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Bicycling to the fieldhouse in -23c

I have to be honest about something... this is a spirit being willing, but the flesh is weak type story!

I've been wanting to bicycle throughout the winter, but have chickened out, especially through out the deep freeze we've experience in the last few weeks.

I HAVE BEEN WALKING 4.3 KM PER DAY
I must say that I have been walking 4.3 kilometers every day! Walking is different than riding in that I dress up in really heavy clothes that I wouldn't be able to wear while riding my bicycle.

Today it's -23c in Regina, SK and I'm determined to get out on my bike and ride to the field house to do some more exercising and a dry sauna.

BIKE RIDING TAKES MORE TIME
The colder weather simply requires more planning and patience. To ride to the field house, which is only 10 minutes away means that I have to get fully dressed up in lots of layers of clothing. By the time I get there, I'll probably be sweating which means that I have to take care not to expose any skin to the cold weather.

After exercising, saunaing and showering, I have to dry off completely before going out into the cold weather. This requires more time than just towelling off. I'll have to ensure I'm dry before, and this will take some time.

The exercising and saunaing are going to make me sweat anyway, and so I will need to take the time to properly cool down and dry off.

Time required to bicycle to field house in cold weather:
10 minutes to get dressed up
10-15 minutes to ride to field house on bicycle
60 minutes for exercise and sauna
30 minutes to cool down, dry off and get dressed
10-15 minutes to ride home on bicycle

Total time: 130 minutes... or a little over 2 hours.

Time Required to drive to field house in cold weather
5 minutes to drive to field house
60 minutes to exercise
10 minutes to dry off and get dressed
5 minutes to drive home

Total time: 80 minutes... or 1 hour 20 minutes


Bicycling means that I'll take an extra hour to go to the field house and back.

This is not a problem, however, In the past I haven't been as patient to do it.

You're wondering why I'm posting about the time it takes to ride a bicycle on a financial blog?!!
As mentioned in past posts, I've decided to ride my bicycle and walk until I lose 85 pounds. I'm not going to purchase another car until I've reached this goal.

It's a bit about saving money, but if you're walking and riding everywhere, that lends itself to a much more frugal lifestyle. IE... I don't have a car to drive all over the place to buy things!!

In this case, being frugal means that I'll have to plan a little more, and be more patient, if I want to do things such as go to the field house in -23c weather.

Frugal living takes more time.

My other posts about bicycling.
Ice biking, bicycling, cheap bike repairs

UPDATE: I just got back from my bicycle ride, and it was wonderful... I did about 6 km today .

geez... the things I worry about.

Upwards and onwards... I need to test out different clothing and techniques as the weather gets colder and warmer

Comments (1)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss General Discussion
Other posts about Canadian Monty's Thoughts
More articles from December, 2008
More articles from 2008


Boxing Day Sales - Are they good for your Credit Card Debt?
- Posted December 24, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Boxing Day Sales - Are they good for your Credit Card Debt?

Being christmas eve, many people have their minds on boxing day sales already. Getting all of those wonderful deals. MMMM... more savings...

Can you actually afford this enticing boxing day sales? while it may be good to continue that christmas consumeristic glow, I get a sense that we don't really need some of the stuff we're going to buy in those boxing day sales.

    Questions You need to ask yourself
  • Can you afford the boxing day sales items?
    Here are the questions I will ask you.. are you buying your purchases with cash or on credit card? Can you afford the item. Do you need the item?
    If you have lots of money and don't really need the item, then it doesn't really matter if you buy it or not.

    If you can't afford the item, and are just trying to make ends meet, then I strongly recommend that you think twice before gulping up boxing day sales purchases.

    Again, If you're purchasing sale items with cash, and you can afford the rest of your bills, then that's a great idea.

  • Are you putting it on your credit card?
    Are you putting your boxing day sales items on credit.?
    I ask the question.. why are you doing this?
    If you're making your purchases with credit, and don't have the cash to make the purchases, then that's a bad idea. Sorry to be a wet blanket. The price you'll pay for the items will be the purchase price, plus the expensive interest costs that you'll pay the credit card companies.

    Are you willing to pay for the item for the next 12+ months?
    Do you really need the item that bad?
    Can you afford the interest costs on top of the purchase price of the item?

  • Do you need the items?
    This is the bottom line question. I get the feeling that people go to boxing day sales because they're getting discounted prices on products. It's fun to get discounts.. every body likes to save money.

    Having said that.. do you NEED the items you're purchasing? Are you going to get good usage from these boxing day purchases, or are they going to sit in your house collecting dust, and you never use them?

    If you really need these items that are on sale, and you're going to use them then by all means buy them.

    My advice is... don't get sucked into the excitement of getting discounts, just for the sake of getting discounts on things you don't need.

  • Current Economic Crisis
    It is my hopes that one of the benefits of the current economic crisis, is that people will feel ok with not spending their credit cards to the max.

    With all of the news of the current recession, I'm hoping that people will take heed, and stop and think before they dig themselves deeper in debt. This logic is bad for the retailer, but good for the consumer.

    Again, it's fun to get deals on boxing day... however, it's even more prudent to save your money as an emergency reserve.

    You don't need to spend every cent you've got on the excitement of getting good deals at Canadian retailers.

    However, if you've got lots of money and can afford to spend it, then here are some websites of Canadian Retailers.

    http://www.thebay.ca, http://www.hbc.ca, home outfitters, Zellers, Sears, HomeSense, Winners, Leons

    These are some of the online retailers I found.. If you've got the time and money, then it's a good idea to shop online to see what's on sale before you spend money on gas driving around.

    I hope you'll make the right decisions for your boxing day sales.

Comments (0)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss General Discussion
Other posts about Canadian Personal Finance
More articles from December, 2008
More articles from 2008


Where is Santa Claus right now? - Let's Track Him
- Posted December 24, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Where is Santa Claus right now? - Let's Track Him

The internet is ablaze right now with people tracking Santa Claus. It's pretty interesting actually because the internet allows for instant communication around the world.. On the internet, and Satellite, GPS etc.

The first website that keeps popping up on twitter's Norad Santa is Track Santa in 3D - Norad In addition to tracking Santa in Google Maps, you can also track him in Google Earth which lets you see 3D mountains, valleys, and buildings. FYI, Norad = North American Aerospace Defense Command

This blog has a video about tracking Santa with Norad which is a good way for the kiddies to see where he is.


For those cultures who believe in Saint Nicholas, it's important for the children to know where Santa is... it helps the warmth and glow of this time of year. And it gives the children something to be excited about.. especially in all of this cold weather.

I just did some searching and noticed that Norad & Santa have partnered up to host their own website www.noradsanta.org. This is a nice site, and it is hosted in the following languages. English, Chinese, German, spanish, french, Italian and Japanese. NoradSanta.org even has Countdown to Track Santa
Welcome to the North Pole! Santa’s helpers are getting gifts ready for delivery to the good boys and girls around the world on Christmas Eve! Can you find which shop in the village is busiest today? When you do, click on that shop to discover a fun activity inside!!!

Hohoho... This countdown to Track Santa has alot of tools on teh page. It's got a Santa Radio Station, Santa's bureau of investigation (SBI), Merry Music Makers, North Pole Clock Tower, and many more fun buildings for the kids to search.

If you want to know where Santa is right now.. there are alot of research tools on the internet for you to use. All of the high tech gadgets are available to find Santa Claus right now!

I want to wish all of those who are excited about Santa, the best of the Season, and happy tracking!

Comments (1)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss General Discussion
Other posts about Canadian Monty's Thoughts
More articles from December, 2008
More articles from 2008


Bernie Madoff Suicide Victim - Rene-Thierry Magon de la Villehuchet
- Posted December 23, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Bernie Madoff Suicide Victim - Rene-Thierry Magon de la Villehuchet

It was bound to happen... suicides as a result of the Bernie Madoff scandal.

This blog post talks about
Rene-Thierry Magon de la Villehuchet and his untimely death.

According to this post:
The Bernard Madoff tragedy just got more tragic: The Associated Press reports that the founder of a Manhattan hedge fund that invested with Mr. Madoff has been found dead in his office. A French newspaper has reported that the cause of death was suicide.

The news of Rene-Thierry Magon de la Villehuchet's death, and the Madoff connection is making headlines today. He was 65-years-old and married without children. A founder of the Access International Advisors fund, he had reportedly plowed $2.1 billion into Madoff's scheme.


This man was devastated for having lost all that money with Bernie Madoff's organization. However, is that enough to take your life.? Honestly.

I've been watching the news and TV documentaries such as the one on CNBC. regarding Bernie Madoff. Thousands of people lost $billions of dollars. Many people have to start over again and at a late age.. that's gotta be devastating. However is it worth killing yourself over?

I'm quite surprised that the SEC let Bernie Madoff operate as long as it did.. Should the SEC take some of the responsibility for this Man's unfortunate suicide? My guess is they won't take responsibility, however, hopefully, secretly behind closed doors, this will change their behaviour as far as monitoring rogue funds.

I imagine that if I did a search for AIG suicides, I would see the same thing..

There have been alot of people who lost alot of money in the last few months. Is it worth killing yourself over. My feelings is that it's not. We're so used to this type of lifestyle. So what if you have to start all over again from the bottom...

Wasn't most of the fun building your fortune in the first place.?

Condolences to the family of Rene-Thierry Magon de la Villehuchet. You're the victim of a sad situation indeed!

Comments (1)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Life Insurance
Other posts about Canadian Term Life Insurance
More articles from December, 2008
More articles from 2008


Canada Now Bailing Auto Companies Out - $4.2 billion
- Posted December 19, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Canada Now Bailing Auto Companies Out - $4.2 billion

cnews.canoe.ca
Canada may add $4.2B to auto bailout
By Kristine Owram, THE CANADIAN PRESS

TORONTO - With an American promise of massive aid for General Motors and Chrysler, Canada could be on the hook for a $4-billion-plus rescue package of its own, with the possibility of tens of billions of additional federal and provincial dollars down the road.

The federal and Ontario governments promised last week to match one-fifth of any U.S. bailout, in proportion with Canada's share of North American auto production.


Here's my questions:
Where's my money? I'm in business. I've seen hard times! I've bailed out myself. Where's my money.

Where's money for Saskatchewan companies, and British Columbian companies, and companies also from Alberta, Manitoba, Quebec, Newfoundland, New Brunswick, Prince Edward Island.??

Here's my other question:
Where is the Canadian federal government getting money for this bail out?
How are they justifying this type of bail out?

What's good for the auto workers is good for my business. I would like money too. And so would every other business owner in Canada.

$4.2 billion divided by 10 provinces is $420 per province. I'm sure the companies in each province would like a chunk of that money.

WHERE IS THE FEDERAL GOVERNMENT GETTING THE MONEY?
Did I ask already where the federal government is getting that money?

Is the Canadian federal government going to ask for all of the guarantees that the U.S. government is asking for?

MY HUMBLE OPINION
It is just my quick opinion.. if the auto companies in Canada receive a $4.2 billion bailout, then the federal government should do so with out running a deficit, and as well give another $4.2 billion to other Canadian businesses who need it.

Canada DOES NOT need to start deficit spending like the U.S. We've been good with our money, and paying down the federal debt until now. We don't need to do reckless and out of control spending like the U.S.

Check out this blog article thier.ca - on auto bailout

Comments (0)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Bankruptcy
Other posts about Canadian Bankruptcy
More articles from December, 2008
More articles from 2008


Department of Finance Canada - Consulting with Canadians.-PreBudget
- Posted December 18, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Department of Finance Canada - Consulting with Canadians.-PreBudget

Listen up folks.. this is your chance to give you opinions to the government of Canada - for their upcoming budget.

I found this item on Western Standard's blog

From the Government of Canada's Website
Canada's Prebudget Survey

For all of people that are complaining and talking about coalition etc, this is a good way for you to express your opinion.

The Canadian budget has been such a heated topic as of late. Especially as it seems to be the focal point for the coalition trying to take over the Canadian Government.

I've seen discussions on the net, however, this one is pretty heated to say the least.

I'm glad that the Federal government is using the internet to give the people a voice. Whether they'll listen or not is another story.

I like this survey as it's short and to the point. 6 questions, you prioritize them.

Comments (0)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Collection Agencies
Other posts about Canadian Site Review
More articles from December, 2008
More articles from 2008


Monty Loree presents an award - 2008 Canadian Blog Awards
- Posted December 17, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Monty Loree presents an award - 2008 Canadian Blog Awards

I was pleased to be offered the chance to present an award at the 2008 Canadian Blog awards for the Best Professional /Career Blog in Canada.

That award went to CEO Blog - Time Leadership




This is the link to the CEO Blog - Time Leadership award .

Jim Estill looks like he has a nice blog there.

Congratulations on a job well done!

Comments (0)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss General Discussion
Other posts about Canadian Monty's Thoughts
More articles from December, 2008
More articles from 2008


more real estate questions for canadians
- Posted December 16, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

More Real Estate Questions for Canadians

  1. What is real estate investment? How does it work?
  2. Is land a good real estate investment?
  3. What is your advice on refinancing a property?
  4. How can a real estate investment make money in the current market?
  5. Will commercial real estate values follow the decline in residential prices?
  6. What is a good real estate investment today?
  7. Are condominiums a good real estate investment?
  8. What should I look for when hiring a property management firm?
  9. What are some real estate investment opportunities that computers have created?
  10. Is a Real Estate Investment Trust (REIT) a good investment right now?
  11. What is the best approach to finding a good real estate investment?
  12. Does investing in income property protect you against inflation?
  13. Is land a good real estate investment?
  14. Can I buy real estate with an IRA?
  15. Should I use a mortgage broker for real estate investment?
  16. How do I determine if a city or a town is a good location for real estate investment?
  17. How do I invest in commercial office space?
  18. How can I time the market right?
  19. Why should I invest in Real Estate?
  20. If I sell my primary residence, what kind of taxes will I be liable to pay?
  21. What are the options for a $12,000 commercial real estate investment?
  22. Why Invest in Real Estate?
  23. How does a successful real estate investing business looks?
  24. how to devise a strategy
  25. how do the stages of business growth affect strategy
  26. What are acceptable valuation methods for investment property?
  27. How should a fund treat transactions where the purchase or sale price varies from the
  28. independent valuation?
  29. How does Real Estate investment work? How can you make money in a foreclosure?
  30. How to be Real Estate Investment Group and how can get Started?
  31. How should profits be split on a 3-way real estate investment?

Comments (4)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Investing
Other posts about Canadian Investing
More articles from December, 2008
More articles from 2008


Canadian Clients Get Burned - Bernie Madoff Scam
- Posted December 15, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Canadian Clients Get Burned - Bernie Madoff Scam

I was just notified that some RBC clients got burned in the Bernie Madoff - $50 Billion ponzi scam.

According to this Report on Business article RBC clients invested less than $50-million with Madoff
BOYD ERMAN
Globe and Mail Update
December 15, 2008 at 12:16 PM EST
Clients of Royal Bank of Canada have less than $50-million invested in funds run by Bernard Madoff, who is accused of losing more than $50-billion (U.S.) in what may prove to be the largest financial fraud in U.S. history.

The downfall of the Madoff fund empire has “no impact on RBC and minimal impact on our clients,” said Katherine Gay, a spokeswoman for the bank.


I just checked the other major Canadian banks and couldn't find any news on them being exposed to the Bernard Madoff scam.

I guess the question that is on everybody's mind... what did Bernie Madoff do with $50 billion that it's all gone?

Comments (2)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Investing
Other posts about Canadian Stock Investing
More articles from December, 2008
More articles from 2008


Walking out in -30c Weather - Regina, SK
- Posted December 14, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Walking out in -30c Weather - Regina, SK

I've talked about riding my bike this year and have posted some pics of me riding.

I still haven't got a car yet, as per my saving money/losing weight plan.

This is my out door gear that I'm wearing to go for a walk in -30c weather.

cold weather out fit for walking in -30c Regina, SK

The goal of this out fit was to be able to walk out doors in what ever weather, and not feel cold. That is definitely the case with this outfit.

  • I'm wearing:
  • Timberline boots
  • Insulated coveralls
  • A down filled coat
  • Helly Hansen balaclava
  • A neck warmer
  • A scarf
  • A hat with ear covers
  • Leather gloves

That's all.!!

It's nicely insulated from the cold and wind.

From a cost stand point, I've purchased this gear over the last year so it hasn't cost me anything this year. I absorbed the costs last year and prior years. Except for the Timberline boots.. I just got those yesterday.

The walk costs me nothing and I feel absolutely wonderful when I get to my destination.

It's still doable to not have a car and function in this type of weather in Saskatchewan. This is not the fastest moving outfit I've ever worn, however it is warm.

UPDATE:
After walking to Tim Hortons coffee shop, 2+ KM away in -30c, a fellow that I know asked me why I would be crazy enough to walk in this weather. I replied, "because I can afford to!"

The comment was really meant to say, I can afford to drive a car, and I can afford to walk. Walking gives me more of the lifestyle that I want.

The logic is: I have more options in this weather than just driving the car. Sometimes just driving is pretty restrictive. Get in the car, drive to the next place, get out of the car. You don't really enjoy nature, the day, or the process.

After I got to Tim Hortons I had to dry off because I was sweating...
It's bad if you're sweating and you get cold. That means you might freeze.. So i took 1/2 hour, drank my coffee, dried off, and then headed back home.

The point of the story is... you can definitely walk for cheap in cold weather, or any weather for that matter. Walking is definitely cheaper than driving! It takes longer, however, it works.

Comments (2)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss General Discussion
Other posts about Canadian Monty's Thoughts
More articles from December, 2008
More articles from 2008


Blogs I visited this week - Links and Traffic Thanks
- Posted December 14, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Blogs I visited this week - Links and Traffic Thanks

I am slowly getting back to visiting other personal finance blogs.

I get too overwhelmed with running and building this site, and that doesn't leave me with much energy to run to other blogs and comment on posts etc..

I was pleased to visit MillionDollarJourney and see that Frugal Trader is celebrating his second year in blogging! Nicely done

On MDJ blog I noticed that he's thanking other blogs who send him traffic. I thought that was a nice gesture and that I should do that as well.

Thanks to the following blogs and sites for sending traffic to this site:

More news this week.
If you've read this blog over the last three years you probably know that I built the site from scratch. This was a project that I wanted to do, and it has been interesting up until this point.

It's nice to receive traffic from other sites and blogs, and hopefully my site is returning the favor to the many hundreds of sites and blogs we've linked to.

I'm starting to outsource some programming & site development work. Hopefully this will free up my time so I can develop more value for our visitors. This means finding more valuable resources, sites, materials to help our visitors learn about personal finance, debt, credit, investing etc.

So... you'll see us grow and develop now and in the new year.

Comments (3)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss General Discussion
Other posts about Canadian Monty's Thoughts
More articles from December, 2008
More articles from 2008


This week on CMA - Books and Links
- Posted December 14, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

This week on CMA - Books and Links

This week I am reading the following books:

Mortgages Made Easy - The All-Canadian Guide to Home Financing
Author - Douglas Gray

My objective with this book is to learn the many techniques to purchase real estate in Canada with No Money Down and Using Other Peoples money only.

I'm going to study the techniques before I actually make a purchase. There is a huge learning curve on this subject, however, I believe it will be profitable once I've mastered it!

Findependence Day - One Couple's Turbulent Journey to Financial Independence
Author: Jonathon Chevreau

This book was sent to me, from the publishing company. I believe they were interested in a review from me.

I'm just starting the book and I love the story format that it has. Mr Chevreau is teaching about the fundamentals of personal finance and investing through storied characters.

97 TIPS For Canadian Real Estate Investors
Author: Don R Campbell

This is a must read... Don Campbell is well respected in the Real Estate Investing Network group, and seems to have some well tested techniques and systems to purchase revenue properties in Canada.

At the beginning of my studies on real estate investing in Canada, I have more questions than answers.. it's nice to have examples from real folks who have been there,, done that.

51 Success Stories From Canadian Real Estate Investors
Author: Don R Campbell

Sames as the previous book. These are real people. I actually found one of their blogs online: Todd & Danielle Millar Real Estate Investors

It's nice to hear about people who have had ups and downs in real estate and have persevered and made it to profitability.

Obviously real estate investing carries some risk, but the main points I got from this book were this.... take your time, develop systems, be patient, develop a plan, get joint venture partners etc etc and you'll be successful in real estate investing in Canada.

It's not an easy business by any means. And to truly be successful means to take a long term approach.

Comments (0)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss General Discussion
Other posts about Canadian Monty's Thoughts
More articles from December, 2008
More articles from 2008


freedom prepaid mastercard debit card for canadians
- Posted December 12, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Freedom Prepaid MasterCard Debit Card for Canadians

Somebody had asked me if I know of prepaid credit cards in Canada.

Today I visited the Cash Store and they were promoting their Freedom Prepaid Mastercard Debit Card

SEE ALSO:Prepaid Credit Cards in Canada

Freedom Prepaid Mastercard Debit Card

This debit card is available in Canada.

The following are the fees for this prepaid debit card.

Freedom Prepaid Mastercard Debit Card

FEES
Card Issuance costs $14.95
Load Fee $2.50
Monthly Maintenance $7.95
Point of Sale Transaction - $1.75
ATM Withdrawal - $2.50

LIMITS
Maximum Advance Limit - $1,500
Maximum Daily Load - $2,500
Maximum Daily POS Purchases - $5,000
Maximum Daily ATM Withdrawal - $1,500

In my opinion this card if pretty expensive to work with. There are alot of fees.

The other thing is.. if you've got $1,500 cash to withdraw, or you doing $5,000 daily point of sale purchases , why on earth don't you have a bank account with a debit card and/or a credit card.

I get a feeling that people who use these cards don't have bank accounts, and need a place to store their cash. I also get a sense that people who get money from the Cash Store load the loan money they get on to the card for later use.

This is pretty expensive.

The benefit to using this prepaid debit card is that you can make purchases on the internet, and you can carry money around safely in your wallet or purse.

i asked the customer service rep if this card would help your credit rating, and they said NO... This card does not help you build your credit rating with equifax and/or transunion.

Alberta, British Columbia, Manitoba, Saskatchewan, New Brunswick, Newfoundland, Nova Scotia, Prince Edward Island,

Comments (32)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Secured Credit Cards
Other posts about Canadian Secured Credit Cards
More articles from December, 2008
More articles from 2008


OMG - Auto bailout collapses in Senate - Bankruptcy Next?
- Posted December 12, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

OMG - Auto bailout collapses in Senate - Bankruptcy Next?

Wow... that's a huge headline! That can't be good for the economy.

Society the way we know it based on the automobile. Who walks anywhere any more... we as a society drive EVERYWHERE!

Discuss the Auto Bailout Failure Now

Aside from General Motors and Chrysler declaring bankruptcy, there are going to be many other jobs lost.

The car companies have had such strong auto lobbyists in Washington to help them get what they want. I guess they didn't get what they really needed.

Ultimately if we're based on free enterprise system, I believe that letting the car companies declare bankruptcy will force them to come up with a viable business solution. And they'll have to do it quickly.

Bankruptcy means that the auto companies can't lobby for more help. They lobbied for loans on TV and lost. They've bared their soul to the U.S. govt and lost. Now they'll have to do what real businesses do. They'll have to restructure their business as a real business.

American's Are Overextended Credit Wise
The only problem with the auto industry right at the moment is that Americans are in over their heads debt wise. Cars these days are built pretty well. They're good quality.. The problem is that the industry is based on credit. Cars are bought on credit. The car companies make expensive cars that must be purchased on credit.

Until the U.S. consumer can pay down their existing debts and save some money, the auto industry is going to be depressed.

In some ways, maybe this is good for the American Economy.

I hope that this doesn't affect the Canadian economy as bad. Canadians have been more prudent than Americans, but we are in debt as well.

Auto bailout collapses in Senate - CNN
Negotiations to bring measure up for vote fall short, possibly dooming GM, Chrysler to bankruptcy.

DETROIT'S DOWNFALL

* Auto bailout collapses in Senate
* Bank bailout funds could be used for Detroit
* GM hires bankruptcy lawyers - report
* Auto bailout ABCs
* Senate edges closer to auto bailout deal

NEW YORK (CNNMoney.com) -- Hopes for Congressional approval of a bailout of the U.S. auto industry fell apart late Thursday night as Senate leaders said Democrats and Republicans were unable to reach a deal that could get the bipartisan support needed to bring the measure for the vote.

The Senate voted 52-35 to bring the measure for a vote, but that was short of the 60 votes needed to advance the legislation. The failure followed the collapse of negotiations between Senate Democrats and Republicans seeking a compromise that all sides could accept.

Comments (0)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Bankruptcy
Other posts about Canadian Bankruptcy
More articles from December, 2008
More articles from 2008


Business Investment Questions for Canadians
- Posted December 11, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Business Investment Questions for Canadians

I went on the net and looked for questions that people have for business investing. I thought I would post some of them here.

Keep in mind that business Investing can be different than stock investing. It is another way to develop assets which create different streams of income.

If you buy a small business such as a restaurant or a hair salon, these businesses more than likely don't have stocks issued. You can buy the business outright, and will have multiple streams of income.

  1. What do you mean by investment briefly describe the various steps involved in the investment management process?
  2. How do you move investment property out of your name into a business name without refinancing the property?
  3. What is the difference between the amount of money received from selling an investment and the amount of money spent to purchase the investment is called?
  4. What is the importance of a business plan in managing business growth and survival in a competitive environment?
  5. Discuss the impact of computerized business information systems on the Business Management today?
  6. How does business investment spending affect aggregate economic growth rates?
  7. How does systems planning finance services business management information?
  8. Explain and contrast an entrepreneurial business structure with a functional business structure giving an example of the business that might use each structure?
  9. What type of account from a financial institution for a small business owner looking to expand business?
  10. Why are ethics important in business when the aim of business is to maximize shareholder wealth?
  11. How to get investment in business?
  12. What is meant by Business Media what are its types and how it helps Business towards growth and different aspects?
  13. How essential are working capital and investment capital to a business?
  14. What should be looked before making an investment in the Internet business?
  15. What is a good business approach when investing in a web-based company?
  16. What are derivatives, in an investment/business sense?
  17. What is business law?
  18. What is the best way to go about writing up a business plan for an investment idea?
  19. What is the Rate of return equation for business investment?
  20. How to find an investment for a new business rather than a loan of finding a investor?
  21. What is the definition of a "lead investor" for those interested in starting up an investment business?
  22. What is the definition of planning according to business administration?
  23. What are the major reasons for the difference in attitude towards international business?
  24. How to improve the financial position of a business using the net profit margins?
  25. What is the difference between Accounting profit and Economic profit?
  26. What is an ETF investment?
  27. What measure can a government take to increase business investment in a country?
  28. What are some factors that affect the value of a corporate bond?
  29. What does the 'expense ratio' of an investment fund mean?
  30. What is a good investment strategy when a recession is coming?

Comments (0)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Investing
Other posts about Canadian Investing
More articles from December, 2008
More articles from 2008


questions about real estate investing in canada
- Posted December 09, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Questions about Real Estate Investing in Canada

I had a quick look on the internet to find out what questions people are talking about when it comes to real estate investing. These will be the basis of questions I write about in the future.

It's going to be my new labour of love to find out the answers to these investing questions.

  1. What is real estate investment? How does it work?
  2. Is land a good real estate investment in Canada?
  3. What is your advice on refinancing a property?
  4. How can a real estate investment make money in the current market?
  5. Will commercial real estate values follow the decline in residential prices?
  6. What is a good real estate investment today?
  7. Are condominiums a good real estate investment?
  8. What should I look for when hiring a property management firm?
  9. What are some real estate investment opportunities that computers have created?
  10. Is a Real Estate Investment Trust (REIT) a good investment right now?
  11. What is the best approach to finding a good real estate investment in Canada?
  12. Does investing in income property protect you against inflation?
  13. Is land a good real estate investment?
  14. Can I buy real estate with an IRA?
  15. Should I use a mortgage broker for real estate investment in Canada?
  16. How do I determine if a city or a town is a good location for real estate investment?
  17. How do I invest in commercial office space?
  18. How can I time the market right?
  19. Why should Canadians invest in Real Estate?
  20. If I sell my primary residence, what kind of taxes will I be liable to pay?
  21. What are the options for a $12,000 commercial real estate investment?
  22. Why Invest in Real Estate?
  23. How does a successful real estate investing business looks?
  24. how to devise a strategy
  25. how do the stages of business growth affect strategy
  26. What are acceptable valuation methods for investment property?
  27. How should a fund treat transactions where the purchase or sale price varies from the independent valuation?
  28. How does Real Estate investment work? How can Canadians make money in a foreclosure?
  29. How to be Real Estate Investment Group and how can get Started?
  30. How should profits be split on a 3-way real estate investment?

If there are any real estate investors out there from Canada.. I would love to hear from you.

I'm all about learning how to increase ones networth through helping others do the same.

Real estate investing in Canada seems to be quite a viable industry. With patience and time and hard work it can make a person some money.

For more real estate questions Click here.

Comments (0)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss General Discussion
Other posts about Canadian Increasing Revenue
More articles from December, 2008
More articles from 2008


2009 will be more about investing & increasing asset values at CMA
- Posted December 08, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

2009 will be more about investing & increasing asset values at CMA

I'm doing some planning for Canadian-Money-Advisor.ca for the new year. I've decided that I'm going to focus more and more about things that increase in value.

I think I've personally beaten to death the collections, credit repair and bad debt topics. While we will still talk about these at great lengthes, I am going to pursue things like real estate investing, business investing, and income producing assets.

My motivation is going to me developing my retirement fund. I am currently exploring different ways to build my retirement fund. These topics are more value added related. These types of topics are becoming more and more interesting to me as the days go buy.

Investing in real estate, adding value to tenants, is a huge topic. I will be exploring that on this blog.

Investing in businesses is another huge topic that I will be talking about.

I hate to admit that I'm not much into the stock market, so I probably won't be talking about that ....

From here on in, I want to be helping people earn more money, along with having the proper attitudes for dealing with money.

Taking on debt for the purposes of earning money is a topic that I'll be talking about. While I'm usually pretty negative about taking on debt, there is a time and place for it. Things that go up in value.

I'll be reviewing books, and other blogs and sites that are related to income development and wealth development.

I've enjoyed fully talking about credit and collection agencies. I'm kind of running out of things to say. And besides I think we've got enough material for a life time.

Here's to the end of 2008 and the start of the new year in 2009!!

Comments (0)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss General Discussion
Other posts about Canadian Increasing Revenue
More articles from December, 2008
More articles from 2008


Canadian Bankruptcy Rates Up in October 2008
- Posted December 07, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Canadian Bankruptcy Rates Up in October 2008

I went on to the government of Canada website and got a graphic of the bankruptcy rates for October 2008 which were 9,468.

october 2008 bankruptcy rates

Octobers bankruptcies were highest in Ontario, by individual, but the highest percentage change was in Prince Edward Island at 70% increase, followed by Alberta at 50.9% increase.

Total bankruptcies in September 2008 was 8,836.

It says that the overall increase in bankruptcies percentage wise year over year is 21.1%. That's a huge increase when you think about it.

Source of Information


Questions that this article talks about:
How many bankruptcies in Canada in October
How many bankruptcies in each province in October
Which provinces have the highest bankruptcy rate?

Comments (1)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Bankruptcy
Other posts about Canadian Bankruptcy
More articles from December, 2008
More articles from 2008


More questions about Debt Settlement and Bankruptcy
- Posted December 07, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

More questions about Debt Settlement and Bankruptcy

I found even more questions about bankruptcy that I should share.

The problem is that people need to know the questions before can find the answers. So... I'm including another 30 questions here.

  1. What is bankruptcy?
  2. Who may declare Bankruptcy?
  3. What is a Chapter 7 Bankruptcy?
  4. Who is involved in bankruptcy proceedings?
  5. What constitutes the bankruptcy estate?
  6. What is Chapter 13 Bankruptcy?
  7. Can bankruptcy help tax matters?
  8. How difficult will it be to file Chapter 7 under the new bankruptcy laws?
  9. I know I have to take an approved credit counseling course before I can file bankruptcy. How do I find an approved credit counselor?
  10. Will my creditors stop harassing me?
  11. What are the most common reasons for a Chapter 7 Bankruptcy?
  12. When will I be discharged from bankruptcy?
  13. If I use a credit counselor won't I get a better credit rating than if I go bankrupt? in Canada
  14. Can my boss fire me for filing bankruptcy?
  15. I was bankrupt before. When can I file again?
  16. What are the key or major events in the bankruptcy process and when will the bankruptcy be over? Canadian
  17. What is Chapter 13 and when can it be used?
  18. What debts are erased by a bankruptcy?
  19. What are some of the advantages and disadvantages of filing bankruptcy? Canada
  20. What debts are not discharged in a Chapter 7 bankruptcy?
  21. What property may I keep in a Chapter 7 bankruptcy?
  22. Who may file Chapter 13 bankruptcy?
  23. Can I get a life insurance quote in Canada
  24. What are some of the advantages and disadvantages of Chapter 13 bankruptcy?
  25. What procedures are involved in filing bankruptcy? in Canada
  26. Do I need a lawyer to file bankruptcy?
  27. Can you refinance after bankruptcy?
  28. How soon after Chapter 7 bankruptcy can you buy a new house?
  29. How do you get an old bankruptcy removed from your credit report?
  30. When in bankruptcy is it hard to rent an apartment or house due to the bad credit rating? Canadian
  31. How do you remove liens and judgments from your credit report that were discharged in a Chapter 7 almost 2 years ago?
  32. what is debt settlement in Canada
  33. Can I do debt settlement in Canada
  34. Where can I find a debt settlement company in Canada

Comments (1)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Bankruptcy
Other posts about Canadian Bankruptcy
More articles from December, 2008
More articles from 2008


Canada's Bankruptcy up 22.8% in October 2008
- Posted December 04, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Canada's Bankruptcy up 22.8% in October 2008

According to LeaderPost - Canadian bankruptcies jump in October
OTTAWA - Business and consumer bankruptcies in Canada jumped 7.2 per cent in October from September to 9,468, leaving them 21.1 per cent higher than a year earlier, the federal agency reported Thursday.

The increase in the number of individuals that went under financially rose by 7.5 per cent to 8,972, a 22.8 per cent jump from a year earlier, the federal Superintendent of Bankruptcy report shows.

The monthly report comes in the wake of projections that the Canadian economy slipped into recession in the current quarter of the year, which began in October.


This goes again to what I've been talking about. More credit is not a good thing in Canada. More credit means more bankruptcies.

The only I can hope for all of these bankruptcies is that they've learned their lesson and are passing on their wisdom to family and friends. I'm sure this isn't the case as most people are ashamed to have declared bankruptcy.

People can't handle debt when it gets out of control. Especially when there are job losses and a down turn in the economy.

It's not my place to question people as to what they spent their money on.

It is my place to encourage people to put cash reserves in place, and pay down their debt. Bankruptcy is a nasty option and costs a family it's financial free for 7 years or so.

The other implication is that you lose some of your self esteem. You also have to admit publicly that you've declared bankruptcy, on job applications, rent applications, life insurance applications etc.

You have to admit publicly for the rest of your life that you once declared bankruptcy. That's a heavy stigma to carry around with you.

That's what too much debt can do to a family. That's what too much debt can do to a company and even a country.

When Stephane Dion wants to create deficit spending to stimulate the economy, I would have him look at these bankruptcy figures.

Adding more debt to a over debt laden situation is only going to cause more problems.

Comments (1)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Bankruptcy
Other posts about Canadian Bankruptcy
More articles from December, 2008
More articles from 2008


Prorogation - Good for Canada Canada?
- Posted December 04, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

Prorogation - Good for Canada Canada?

I am so pleased that Stephen Harper was granted prorogation.

Two new words Prorogue and Prorogation.

According to National Post - And today's word: prorogation: this is a new word for Canadians. Learning a new word is always fun. This past week it has been prorogation, the act of dissolving the House indefinitely. Since the National Post's inception more than 10 years ago, the word had only shown up 22 times. That means when it was first used there were no blogs and certainly no Twitter. In the past week, prorogation has gotten another three mentions. That is a 13.5% increase. Maybe this word has a real future in politics.

I am really glad that Stephen Harper stood his ground and asked for prorogation. according to National Post - Stephen Harper's reaction to the prorogation, plus questions Wednesday morning Stephen Harper got his wish: A prorogation of Parliament that will keep him in government and suspend parliament until January 26, 2009. At that time he promises to deliver a budget, the fastest budget in Canadian history he claims, and allow the opposition to vote on that (instead of a straight-up no-confidence vote they had asked for).

I watched Stephane Dion, and Jack Layton last night and thought to myself, Oh My Goodness, this can't be good. These coalition people are trying overthrow a government in peaceful Canada. That is the worst scenario possible.

There were so many things wrong with Stephane Dion taking power as Prime Minister in Canada.

Canada is a peaceful nation, and we love our stability. Over throwing a government is not a peaceful thing to do , especially when Canadians don't want that to happen.

Give Stephen Harper and his people time to develop a budget. It's a large task to do, and it takes time. He and his finance minister will be able to concentrate better on developing a budget if they don't have to work on fighting off a coalition.

I like to picture this as household finances. If a husband and wife are fighting all the time, they're not concentrating as much as they could be on their finances. The husband and wife need to be unified in their approach to their household administration.

Too much fighting usually causes a divorce which is devasting to the family.

Same thing with the government. Too much fighting cause a lack of unity in the leadership. I'm glad that Stephen Harper was granted a cool off period until January 26, 2009. This is really good news!

Comments (2)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss General Discussion
Other posts about Canadian Monty's Thoughts
More articles from December, 2008
More articles from 2008


What would happen if we paid off our debts?
- Posted December 04, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

What would happen if we paid off our debts?

Today's topic is... what would happen to the economy if we paid off our debts and built cash reserves?

The economy is in rough shape right now. We've all enjoyed living a high lifestyle during the credit boom. Now we're all suffering from the debt hangover that we've created for ourselves.

The question is: what would happen if every body all of a sudden got smart and started to live in a prudent financial manner? What would happen to our economy if we said no to more credit, and yes to building up our cash reserves?

Here's the short answer: It would be completely devastating to our consumeristic economy.

Let's say we took money from our pay cheques and immediately started to pay down our debt and put money into savings. Let's also say that it will take us 5-7 years to pay down our debt.

Let's also say that we're not going to buy another consumer item on credit. PERIOD. We can only buy consumer items with existing cash reserves.

Are you getting the picture here?

If the goal is to pay off debt and put 6 months of cash reserve in the bank, how long would that take the average Canadian to do so? That will take years of patient saving to do.

Meanwhile, the consumer companies that have relied on our credit will quickly go bankrupt. The retail stores will have serious issues because people will stop shopping there.

Oh yeah, most of these consumer manufacturing companies and retailers are built on credit. Many of the big box companies such as Circuit City (bankrupt), future shop, linens n things (bankrupt) are built on credit.

If consumers don't come and buy their products, they won't be able to service their own debts, let alone sock away cash reserves for themselves.

SEE: MSNBC -What if we all paid off our credit cards?
Even if we could all get to this “debt-free zone” unscathed, we’d still have to contend with an economy that was no longer lubricated by credit. Credit cards aren’t just convenient: they actually create spending power that is then used to buy goods and services. If you sucked all that spending power out of the system all at once, you’d risk creating a huge deflationary backdraft. Yes, people who still had jobs might have more to spend. But there would be much less spending power overall because many more people would be out of work.

It's a very contractionary situation.

Companies are doing the same thing as consumers. They're binging on the business drug (OPM) Other People's Money ... better known as debt.

It would literally be a decade before the economy saw any growth, if we went to a low credit and high cash reserve system. While this is the right thing to do, it's certainly not painless.

Why haven't we learned these harsh lessons before? Because this is the first time that consumer credit has been available to us in this abundance. It's been our first time in serious trouble with high debt.

It's take 15-20 years to get ourselves into this situation, however, we are here, and we need to have a look at the problem.

IMO... we don't need government's stimulating the economy. we need them to help us pay down our debts, and build cash reserves. That's what the government should be doing as well. Especially in bad financial times.

Again. to answer the question:
What would happen if consumers started to pay down debt and put cash reserves in the bank. It would ultimately fix the economy and make it the way it should be. Zero debt and cash in the bank. That's the ultimate dream.

Zero Debt and cash in the Bank.
Are we willing to go through a little financial pain in order to achieve this objective? Are we willing to not buy the fancy consumer items to achieve this goal? I think we should.

I would love to live in a society that has zero debt and money in the bank. People wouldn't be as stressed out, killing themselves to pay debt. We would have more time for the really valuable things in life.. our family and friends.

I think the real things in life are more valuable than bailing out companies.
Just a quick opinion.

Questions talked about in this post?
What happens to the economy if we pay down our debt?
What's it like to be debt free and cash in the bank?
How long would it take Canadians to pay down their debt?

Comments (1)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss General Discussion
Other posts about Canadian Personal Finance
More articles from December, 2008
More articles from 2008


how to buy a life insurance policy in canada
- Posted December 01, 2008 by Monty Loree
Post Back Link to Canadian Money Advisor

How to Buy a Life Insurance Policy in Canada

Most people have a general idea that they should have life insurance to protect their family in case something bad should happen to them. The problem is, buying life insurance can be intimidating for many people, especially if they don’t have a specific understanding of the costs, options, and requirements involved.

It’s important to understand how much insurance you need and how much you are able to spend on it, but once you are clear about those things, buying a life insurance policy can be much easier than you might think. Here are some things to think about when you begin to consider buying a life insurance policy.

  • Do you even need life insurance? Since life insurance’s basic function is to protect your survivors against the income they will lose if you die, you need to ask yourself if there’s anyone who would suffer if your income was removed from their budget. If you are single or have no dependents, you may not need life insurance at all, or you may only need enough to cover funeral and burial expenses.
  • How much coverage will you need? This will require you to do some math. You will need to figure out how much money your family needs to live on and for how long they will need it. Keep in mind also that you will not be around to help pay for big expenses like college tuition and weddings. On the other hand, your dependents can take your settlement and invest it, thereby increasing their income beyond what you had provided.
  • What kind of coverage do you need?
      There are several different kinds of life insurance policies.
    • Term life insurance is the most affordable option. It covers a family for a preset term, such as ten or twenty years. It is the plan most commonly bought by families with children, because it provides a higher level of protection for a shorter amount of time, usually replacing the parent’s income until the children are grown.
    • Whole life insurance policies are a bit more expensive than term life policies. These plans do not expire; rather, they offer the same level of coverage for as long as you have your policy. They have a much higher cash value after you have paid into them for a while.
    • Universal life insurance is a less common option. You are responsible for investing your own premiums. If your investment isn’t as successful as you had hoped, you might experience a decrease in the value of your policy, which might leave your loved ones without the protection they need if you die. However, you might also increase the value of your policy.
    • Guaranteed life insurance. This is the plan to use when you do not have any life insurance, and you are dying, or you are too old or too sick to be approved for a new policy. Guaranteed life has high premiums, but it can also help leave your loved ones with at least the minimal coverage they need.

Comments (0)

CMA Blog Home

More From Canadian-Money-Advisor.ca
Discuss Life Insurance
Other posts about Canadian Term Life Insurance
More articles from December, 2008
More articles from 2008




Posts Archives from Previous Months
2012: July 2012: June 2012: May
2012: April 2012: March 2012: January
2011: October 2011: September 2011: August
2011: July 2011: June 2011: May
2011: April 2011: March 2011: February
2011: January 2010: December 2010: November
2010: October 2010: September 2010: August
2010: June 2010: May 2010: April
2010: March 2010: February 2010: January
2009: December 2009: November 2009: October
2009: September 2009: August 2009: July
2009: June 2009: May 2009: April
2009: March 2009: February 2009: January
2008: December 2008: November 2008: October
2008: September 2008: August 2008: July
2008: June 2008: May 2008: April
2008: March 2008: February 2008: January
2007: December 2007: November 2007: October
2007: September 2007: August 2007: July
2007: June 2007: May 2007: April
2007: March 2007: February 2007: January
2006: December 2006: November 2006: October
2006: September 2006: July 2006: June
2006: May 2006: April 2006: March
2006: February 2006: January 2005: December
2005: September 2005: August 2005: July




Subscribe in a reader

Better Business Bureau Member



blog roll
Canadian Debt Settlement
Canadian Dollar Forex
Monty Loree - EzineArticles
Life Insurance Rates
Life Insurance Blog
Canadian Mortgage Trends
Ellen Roseman
Canadian Life Insurance
CMA Faqs Master
DoFollow Blog Directory


Enjoy our "What Is This?" articles
Taxes
Credit
Debt
Bankruptcy
Credit Repair
Investing
Making Money
Saving Money
Retirement Planning
Comments on our
Blog Posts


2012-12-12 20:21:33
Canadian Credit Delinquencies Rising Deloitte Warns Canada
Put a date on your articles so that people know when it was written! How else will someone else understand if the information is recent?
Comment By:
jj

2012-12-12 12:18:15
Freedom Prepaid Mastercard Debit Card For Canadians
How do i check my account balance i only bought a couple of things on this card n now i have nothing on my account i got it a couple of weeks ago ????
Comment By:
kyle from regina

2012-12-05 04:58:54
Car Repossessed Trouble With High Risk Car Loans
Reading all the comments below is frustrating.......you dont have to be a rocket scientist...........every post the people didnt make there payments n
Comment By:
George

2012-11-13 23:08:19
Cbv Collection Services Problems
same deal,,these criminals sent a bill saying i owe 18,000$..hilarious,,they call me 5x per day..i am taking rogers to court..small claimes..why not y
Comment By:
karen cliff

2012-11-13 13:18:44
Retail Theft Could Get You Sued
I keep receiving emails and phone calls from people who think they can simply ignore the letters from these Civil Recovery lawyers. Don't. They
Comment By:
Gerry Laarakker

2012-11-10 12:04:12
Bad Credit Loans For Individual On Benefit And Have Low Income
I am a single mother and have a high gas bill can't afford to pay it I'm on ontario works and have a full time job but one income doesn't cut it I nee
Comment By:
amber haayema

2012-10-18 08:23:07
Retail Theft Could Get You Sued
Bank statements can be demanded or balloon a day even fail to repay the debts incurred from the varied lenders. The offered amount in such cash untill
Comment By:
Spadiatrere

2012-10-15 11:43:43
Bad Credit Loans For Individual On Benefit And Have Low Income
Need a loan wanting to buy a atv. Loan of 8,000 dollars is this possible.
Comment By:
Adam Brundage

2012-10-09 18:46:26
Bad Credit Loan Needed Canada Bad Credit Need A Loan
Dear Sir / Madam I am Mr.Nikky John of UNIVERSAL LOAN.we offer a variety of financing options at competitive prices to the Consumers who h
Comment By:
Mr.Nikky John

2012-10-09 12:42:44
Credit Repair Canada 3 Things You Should Know
to , take up a new job. Also, reflect on investing in generating a payday advance loan while using classmates and more, typically the segments. The in
Comment By:
WarbabsjamY

2012-10-09 12:24:31
How The Debt Based Monetary System Functions In Canada
incredible cash loan right away inspiration the email mentioned learn more loan service that demand the particular choices signal asset loan applicati
Comment By:
Nilkgeoli

2012-09-30 20:03:01
Cbv Collection Services Problems
I had a telus pay as you go phone from 2003 2008 and now cbv collectons is claiming that i owe over 1500 dollars, the last time they called i called
Comment By:
marcus

2012-09-25 10:19:31
Cbv Collection Services Problems
Had a bogus 'roaming charge' bill from Telus a few years back. Got mad at them and switched providers. It went to CBV. Yes, they are persistent and
Comment By:
Scammed

2012-09-23 07:37:50
First Canadian Finance Scam Site
While these aforementioned dangers are a cause for legitimate concern, there are other dangers that derive from perceptions that often have no basis i
Comment By:
effomicok

2012-09-21 19:09:43
Car Repossessed Trouble With High Risk Car Loans
I have had a Carfinco loan for almost 4 1/2 years, I have not missed a payment nor have I ever been late. I had to use this company because I had file
Comment By:
Gord

2012-09-16 16:42:15
Retail Theft Could Get You Sued
I am sick of all you so called legal counsel, wanting money from me , there was a reason i was stealing the items in the first place, i have no money!
Comment By:
a shopplifter

2012-09-15 05:13:22
Freedom Prepaid Mastercard Debit Card For Canadians
Some honest advice... if you need a card to use online DON'T EVEN THINK of using this one. Terrible customer server that disconnects calls on you and
Comment By:
Honest Advice

2012-09-13 11:18:04
Car Repossessed Trouble With High Risk Car Loans
Our car loan was with wellsfargo to begin with then transfered to carfinco,. Have never had a problem with them yet and have less than 2 years left on
Comment By:
Darlene Fougere

2012-09-02 18:27:17
15 Blog Post Articles That Talk About Equifax
obviously like www.canadianmoneyadvisor.ca however you need to test the spelling on several of your posts. A number of them are rife with spelling p
Comment By:
promotion site

2012-08-31 11:32:19
Retail Theft Could Get You Sued
so i went in zellers and i baught bus tickets. then walked around playing with toys, and i was with a friend, we're both adults who like stupid toys.
Comment By:
Aj.



Site Menu
Canadian Credit Cards
Best Canadian credit debt Financial Blog
Canada, British Columbia (BC), Alberta (Alta), Saskatchewan (Sask), Manitoba (MB), Ontario (Ont), Quebec (Que), Newfoundland (Nfld), New Brunswick (NB), Nova Scotia (NS), Prince Edward Island (P.E.I.), credit canada, Canadian