Options for Individual Customers

October 8, 2014

Financial institutions in Canada accept applications by residents and citizens of the age of majority. Banks are unlikely to approve your application if you have late payments. The interest rate offered depends on your credit rating. Some banks require a minimum annual income of $20,000 while others require a total income, including spousal and own […]

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Types of Debt Instruments

September 20, 2014

People who have gone through some major event such as loss of job, prolonged illness, or divorce usually apply for a secured credit card. To this, borrowers are advised to make sure the card issuer reports to all credit reporting agencies. If they do not report, the borrower has lost a key benefit. As a […]

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Financial Institutions Feature Prepaid Cards for Improved Spending Control and Flexibility

September 15, 2014

Issuers offer different prepaid options, including incentive cards, payroll cards, and general purpose cards. Customers use their cards at malls, fast food restaurants, stores, and other locations. Issuers offer both standard and specialty cards that can be funded automatically. They are offered by American Express, MasterCard, Discover, and Visa and can be used to book […]

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Requirements for Credit and Products Available

September 5, 2014

Capital One offers flexible and affordable financial products, including used and new vehicle loans, mortgages, small business and personal accounts, and credit cards. There are secured and unsecured cards for customers with different income levels and credit rating. Capital One Credit Cards The bank requires that customers provide their social insurance number to run a […]

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What Financial Institutions Look into

August 9, 2014

Finance companies and banks look at a number of factors, including retail accounts, mortgage and consumer loans, and others. Other factors that financial institutions take into consideration include the applicant’s debt-to-income ratio and repayment history. Customers with a history of delinquencies and excessive debt are often turned down. These factors tell banks whether applicants have […]

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How to Find a Rewards Card with Attractive Features and Benefits

August 3, 2014

Airmiles and rewards credit cards feature plenty of added benefits to attract more customers. Different banks and credit unions offer rewards cards, along with supplementary cards and other perks. In addition to complimentary bonus points and attractive redemption plans, rewards cards offer many benefits such as exclusive offers and store discounts. Cardholders enjoy added security […]

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Other Types of Business Loans and Alternatives

July 22, 2014

Business loans are offered to start-ups, entrepreneurs, corporations, and new and small businesses. Many businesses apply for government financing because of the longer payback period. Types of Financing Applicants for business funding can choose from disaster and real estate loans, micro-loans, and others. Private lenders are also a source of funding, offering lines of credit, […]

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Products for Creditworthy Customers

April 29, 2014

The selection of credit cards includes secured, balance transfer, and specialty cards with insurance policies, promos, concierge services, and other perks. Clients with good credit can choose from different products, including low-interest loans and credit cards. There are different options to choose from depending on your lifestyle and payment habits. One option to consider is […]

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Mutual and Hedge Funds Investing

April 25, 2014

The main benefits of hedge funds include portfolio diversification, capital preservation and growth, and reduced risk of losses. Hedge funds offer downside protection meaning that they help improve the customer’s return and risk profile. One problem to bear in mind is that these funds charge a lot of money in performance and management fees. Another […]

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Alternatives to Debt Consolidation

April 23, 2014

Many borrowers look for different ways to lower their monthly payments and become debt-free faster. Consolidation loans come with longer repayment terms which is why payments are more affordable. Weighing the Pros and Cons A secured loan is one option for borrowers, and they are usually offered a lower interest rate and a longer repayment […]

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