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Last updated on November 7, 2019 Comments: 128

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Article comments

128 comments
Rocky Lonesinger says:

First time hope its worth it

Daniel from GreedyRates says:

Hi Rocky,
Welcome to GreedyRates! Enjoy the journey.

Vyrle Rymer says:

I need a loan soon as possible. I want to try and get all this done. I have been working on a job. I can run my own company too. I need help as soon as possible.

Daniel from GreedyRates says:

Hi Vyrle

Check out our thoughts on the Best Personal Loans in Canada. If your credit score needs a little work, consider these Best Personal Loans for Bad Credit. These options should be able to get you funded in as little as 12-48 hours, provided you can meet their eligibility requirements. Good luck!

Tien says:

I would like to have credit card so I can withdraw to buy food.

Daniel from GreedyRates says:

Hi Tien,
The best place to start will be to check out our take on the Best Credit Cards in Canada. If your credit score needs a little work, that’s ok too- here are the Best Credit Cards for Bad Credit. Hope this helps.

Chetan halakarni says:

I want $300,000 money for business…help me.

Daniel from GreedyRates says:

Hi Chetan,
Check out our take on the best business loans available in Canada. Lenders can advance $300,000 if you meet the right business eligibility criteria. Hope things work out well for you.

Émerick says:

Bonjour je pourrais avoir une carte pour un enfants de 11 ans?

Daniel from GreedyRates says:

Bonjour Émerick,
L’âge minimum pour obtenir une carte de crédit au Québec est de 18 ans.

Sharon says:

Applying for a loan that I can try getting help

Daniel from GreedyRates says:

Hi Sharon,
If you’re looking for a loan, consider our options for the Best Personal Loans available in Canada. Hope that one of these options will be able to help with your situation.

Francine Doucet says:

I would like a card that i can withdraw money for purchases, like clothes, food, or even trying to by myself a second hand car?

Daniel from GreedyRates says:

Hi Francine,
If you’re looking for a card where you can withdraw money for purchases, consider a our take on the Best Prepaid Cards in Canada. If you’re looking more for a credit card, we’ve also compiled a list of the Best Credit Cards in Canada. Good luck with the search- let us know which route you go.

carolyn McLeod says:

I want to know how many points I have?

Daniel from GreedyRates says:

Hi Carolyn,
What types of points are you collecting? Let us know and we can point you in the right direction. Thanks.

Robert Wilson says:

I’m looking for a loan for $1400 too insure my car can u help me

Daniel from GreedyRates says:

Hi Robert,
You’ve come to the right place. First check out our piece on the Best Personal Loans in Canada. If your credit score needs a little work, consider these Best Personal Loans for Bad Credit. Last but not least, we did some homework and Compared the Best Car Insurance Quotes and Companies. Hope you find the right coverage!

Nermine says:

Hi
I am starting my business a shawarma restaurant and want a small business loan for 200,000 can you help me

Daniel from GreedyRates says:

Hi Nermine,
Congrats on the new business! Check out our take on the best business loans available in Canada. Lenders can advance $200,000 if you meet the right business eligibility criteria. Continued success in your venture.

Brian says:

This is on a different topic than your current article, but it’s a matter of concern. I want to do some renovations on our house prior to selling it, and I’m wondering who has the best personal line of credit, or alternately, the best HELOC. Thanks for any help you can provide!

Daniel from GreedyRates says:

Hi Brian,
Great idea! Depending on the amount of equity in your home, a HELOC might land you a lower interest rate and a higher amount to work with. Check out our take on lines of credit for an idea on where to start. Best with the renos and hope it nets you a handsome return.

sherry ignacio says:

I need to borrow money because i got laid off

Daniel from GreedyRates says:

Hi Sherry,
Stay strong- you’ll pull through. Your best place to start will be to check out our assessment of the Best Personal Loans in Canada. If your credit score needs a little work, that’s ok too- here are the Best Personal Loans for Bad Credit. Hope things turn around for you soon.

Barbara Stephanson says:

I cut up my RBC westjet card ending in 4684 and need to order a new one.

Daniel from GreedyRates says:

Hi Barbara,

Please contact RBC Customer Service at 1-800-769-2512 to request a new credit card. Good luck.

Harpreet says:

How can I manage my credit score? Please let me know for e.g my credit card limit is $6000. I use $5200. How I pay every month or every two weeks I want my credit score up.

Daniel from GreedyRates says:

Hi Harpreet,
For starters, you’ll want to understand how your credit score is calculated. Based on what you’ve shared, you might need to review your credit utilization and devise a strategy to keep it around 30% of your credit limit. It’ll also help to take a look at these 7 Ways to Improve Your Credit Score and if you need some help building up your credit score, consider using these credit building tools. Hope this helps.

Eric Viau says:

I got operated and my work laid me off till I’m healed to go back but need income till I go back to work at the end of the month July.

Daniel from GreedyRates says:

Hi Eric,
If you’ve recently been laid off, consider applying for Employment Insurance (EI) from the government to help tie you over. Alternately, you might qualify for other financial relief that’s available due to the ongoing pandemic. Hope things turn around for you quickly.

Kevin says:

Can someone please let me know where I should go for a loan with a 614 score where I don’t need a guarantor??

Daniel from GreedyRates says:

Hi Kevin,
Take a look at some of these best personal loans for bad credit and you might be able to find what you’re looking for.

Maura says:

Question- I currently rent and in a consumer proposal. Have some outstanding personal debts and need to get my car fixed as well as some payday loans. Is there anyone who can help? I was looking for a certain amount only and combine all my debts into one including the consumer proposal. I have bad credit but work full time and been there for 24plus years. I also wanted to put money towards my mothers funeral. Just so I am covered.

Daniel from GreedyRates says:

Hi Maura,
If you’re currently in consumer proposal, it may still be possible to get one of these debt consolidation loan to support your needs. It might also be worth considering a credit building tool like the Refresh Financial Secured Credit card to help get your credit back on the right track. Hope this helps.

Marcel Dubois says:

Need a 20000$ asap, I have fair crédit,and I am a Quebec resident

Daniel from GreedyRates says:

Hi Marcel,
Check out our take on the Best Personal Loans in Canada. Many of the options will be able to fund from anywhere between 12-48 hours. Hope this helps.

sara says:

Can you get aeroplan points on cash advance on your aeroplan card ?

Daniel from GreedyRates says:

Hi Sara,
You cannot earn Aeroplan points on cash advances made by your Aeroplan card. Using the TD Aeroplan Visa Infinite as an example, its Terms and Conditions explicitly state “Fees, Cash Advances (including Balance Transfers, Cash-Like Transactions and TD Visa Cheques), interest charges, optional services, refunds, rebates or other similar credits do not earn Aeroplan Miles.” Hope this helps.

patricia says:

Thank you for taking the time to see if I qualify.

Daniel from GreedyRates says:

Hi Patricia, you’re very welcome!

Connie says:

Thanks team for helping us with your reviews and answers to questions always with respect, understanding and empathy.

Daniel from GreedyRates says:

Hi Connie,
On behalf of the GreedyRates team, you are most welcome. I hope that we can continue to help you on your personal finance journey.

Dexter Montgomery { Monty] says:

trying to sighn in i give name card # email then you ask for account number.I thought card number was account number o please simplify this it’s con fusing

Daniel from GreedyRates says:

hey Dexter,
Can you clarify where you’re trying to sign in? Thanks

Margarita says:

What do I need to get a secured credit card …. I had a discharge on my bankruptcy 2 years ago

Aaron Broverman says:

Hi Margarita,
To get a secured card, you need to apply for it. In that application, you need to provide your contact information, address, employment status, whether you would like to add another user to the account, whether you rent or own a home or live with family, your annual income before taxes, other income, whether you have a mortgage or how much you pay in rent, whether you have a bank account and whether you want to use the card for cash advances. The main thing you will need to provide are the secured funds. You will be asked to provide money up front (usually between $300 and $1,000 depending on the issuer) This money will be requested after you apply and will serve as your credit limit. The money will be returned to you once you close your account if you have paid off your balance in full.

Jan says:

Need $6000 and pay back in 3 weeks

Aaron Broverman says:

Hi Jan, we don’t offer loans. Try this section of our website for some loan reviews: https://www.greedyrates.ca/loans/

Gregory Jose says:

Looking for a 10,000 loan to pay off bills

Aaron Broverman says:

Hi Gregory,
Greedyrates doesn’t provide loans but we do write articles about them. Maybe you can find one in this article we wrote: https://www.greedyrates.ca/blog/comparing-personal-loans-canada/

Naveen Manrao says:

Am looking for credit card for my daughter . She is moving to Canada for studies this year. Can you please suggest which Amex should I go for ? She can make deposit too to get the deals . Else kindly share link to study.

Aaron Broverman says:

Hi Naveem,
If you are looking for an American Express card for your daughter, you should first know that Amex is not accepted at as many retailers in Canada as Visa and Mastercard. That being said, the best overall Rewards Card in Canada at this very moment is the American Express Cobalt card. You can read our review here. However, your daughter is a student and student’s are poor so she probably want a no fee card like American Express SimplyCash. Check out the review for that one here. It also gives some pretty consistent cash back.

Haiga Ashoona says:

I’d like to get greedy rates bank card that I can’t get a job, for some others reasons challenging my goals. Please inform me about how is possible for disabled person. And that is quicker than 5weeks to receive the card…

Aaron Broverman says:

Hi Haiga,
Greedyrates doesn’t have a debit card or credit card of its own but there are a lot to choose from. You can try to see if one of these might be something you can get. They all have a low bar to qualify for. click here

Michelle says:

Hi! I am new here and just subscribed!
I have a question regarding my credit score. I got a capital one credit card to improve my credit score, which over the years it significantly improved it! Now i am looking into getting a new credit card from another company which can offer points or cash back benefits.
My main 2 questions are:
#1 – Will my credit score be negatively impacted if i close down my Capital One credit card (approx. 3 yrs old), in order to open a brand new credit card with another company?
#2 – Will I be able to have the same credit card ”credit limit” of 6500$ (that i currently have on my capital one) on my New credit card ? Or is there a chance ill have to start from the bottom because im a ”new customer”.

Thank you in advance!

Aaron Broverman says:

Hi Michelle,
We don’t have a subscription. Our site can be accessed absolutely free and you can visit without a subscription. As for your questions:
1-I would avoid closing your Capital One card (unless it’s the Capital One Costco card which Capital One is cancelling itself anyway) I would keep the card open, but I wouldn’t put any money on it. This way, you can have lots of available credit but use the card you’re applying for as your main card. This will be good for your credit score as long as you stay disciplined and never use the Capital One Card (Some people put cards they don’t want to use in the freezer) Your ratio of available credit will be high, which will further positively impact your credit score. If you close it, you will shrink your available credit and likely bring down your credit score just a few points.
2-Your credit limit is mostly determined by your annual income with other things like repayment history, length of credit history and the number of credit lines (including other credit cards) you have open. That means you may get the same limit, but if things have changed for you since you last applied on those fronts, you may not.

Nelly says:

I’m planning to cash out my pension next year just before I turn 55. I am aware that this will be taxed heavily. My worry is finding someone to trust with the remainder of the money to invest until I die. I informally talked to a bank and it was described to me as a structured process to invest the remainder to live off of but a relative has opted to go with a financial advisor and I have no idea if there is a clear benefit to one over the other. I also do not know who to trust with this in regards to a financial advisor. Thanks for any guidance.

Aaron Broverman says:

Hi Nelly,
There are financial advisors at the bank and independent financial advisors who work for investment firms, Generally, the difference is what kind of investment products they can offer. Usually the bank is limited to their own products and advising about their own products, while an independent financial advisor has access to a larger suite of products and more flexibility. As far as how you build trust, I would meet with a few of them and see who you like better. It will be like dating, do some research and have a few zoom meetings and listen to their presentation.

George HABARUGIRA says:

Equifax mon dossier d’une carte de crédit.

Aaron Broverman says:

Bonjour George,
Je suis apologe, ne parler pas francais

Yvonne D Lavigne says:

And yes would like to start a small business

Aaron Broverman says:

Hi Yvonne,
If you’re looking for a loan to start a small business. I would look into the resources available through the Business Development Bank of Canada, they can help shepherd you with advice, resources and possibly a loan. You can also read this article from us spotlighting some places where you might be able to get a loan, but be careful of those super high interest rates. https:// www . greedyrates . ca / blog / comparing – personal – loans – canada /

Yvonne D Lavigne says:

Trying to get a loan a small loan

Shahna Lusk says:

I’m looking to start a business and I’m in need of a loan but don’t know where to look

Aaron Broverman says:

Hi Shahna,
Have you considered approaching the Business Development Bank of Canada? In addition to steering you to what you need, they offer a lot of resources and mentorship for aspiring small business owners. You can also go with a private lender, but you’ll be paying extremely high interest rates. Have you already approached your bank? If your credit is good, you should be able to get a loan at a much more reasonable annual interest rate than a private lender which may charge you as much as 46% or higher (as it only gets illegal if its beyond 60%, at least in Ontario). That being said, there are many private lenders you can approach, just be very careful about predatory lending and read the terms of any potential deal very carefully before you sign on the dotted line. This article though, can be your starting point https: // www . greedyrates . ca / blog / comparing – personal – loans – canada /

Malay Mandal says:

Bank loan for starting new industry

Aaron Broverman says:

Hi Malay Mandal,
I’m unclear as to what you’re asking. Do you want a loan? In that case, that’s not something Greedyrates provides or do you want recommendations for one? In which case we can link to some of our articles with recommendations.

Patrick Fontaine says:

I am anticipating the application process…it is nerve wracking. Wait and hope for the best.

Janice Carney says:

Have a great day!

Aaron Broverman says:

Thanks for making us smile Janice, we hope you have a great day too.

Lekan says:

Nice to be here

Aaron Broverman says:

Nice to have you Lekan. We hope you find our content helpful and enriching while you’re here.

Sharon says:

To make pot I’ve choice support my family I’m a single parent.

Aaron Broverman says:

Hi Sharon,
It doesn’t matter what you do for a living. We are here to help you manage the money that results from it. I hope you find Greedyrates useful and full of great financial advice.

D.A. says:

Is it true carrying a $0 balance for your credit cards hurts your credit score?

Aaron Broverman says:

Hi D.A.,
Carrying a zero dollar balance on your credit card will not affect your credit score negatively as long as you are using the card. That is to say, putting purchases on it and then paying it down to zero every month. In fact, if you are able to do that consistently over years, your credit score will likely rise in improvement. This is because your credit history and score is assessed at various times during the month, not just when your credit card balance is at zero. However, if your credit card is active but you do not use it and your credit card balance is always perpetually at zero, this can affect your score negatively and lower your score simply because you are not using it and a credit score rises according to revolving activity. If that ceases, a high credit score will not be maintained.

Lota says:

Hi I’m a grade 12 student about to go into university. I was wondering what kind were the pros and cons of student loans. I don’t know much about it but it seems bad from what I’m hearing

Aaron Broverman says:

Hi Lota,
I agree. Student loans can be expensive and sound overwhelming, so I will give you the pros and cons of student loans as you asked.
First, the pros:
Student loans can help you build up your credit, which makes it easier to get a credit card or another type of loan, but you don’t need any credit to apply for student loans. How much you get will be based on your current income or your family’s household income if you still live with them, which I assume you do. Government student loans will actually have lower annual interest charges on their loans than a bank or worse, a private lender, so when you pay back your student loan you will actually pay less back to the government than you would the other two options I mentioned. Also, you don’t have to start paying back your student loans until six months after you graduate from university or college. In that six months is when you should look for and apply for a job so you can start paying back your loan. You also might be eligible for the government’s loan forgiveness program where you may not have to pay at all. To be eligible, you must be pursuing a career in an underserved community like nursing or a physician or a midewife, you are also eligible if your persuing a career that works with children throughout the province like a speech therapist. You also don’t necessarily need to use all the loan. When you apply to the government, most of your loan will be the loan, but a small portion will be a grant. The grant you don’t have to pay back and you may be eligible for a grant. You should use the grant portion first before you start using the loan since you wouldn’t have to pay back the grant if you get one. Finally, once you apply for a student loan and find you have an unmet needs amount, you can apply for a financial need burasry through your university, which you don’t have to pay back, but you can’t get it until you exhaust all financial options so you have to get a student loan before applying for a financial need bursary.
CONS:
1) even though government student loans interest rates are lower, they still have interest, so the longer you take to pay back your loan, the more interest you will pay.
2) you might suck at money management and think you can spend a student loan on whatever you want, when really if you have any money left over after tuition, books and housing, it should go to monthly expenses like food, transportation and other essentials. Remember, you need to pay it back eventually.
3) You may hurt your credit rating if you can’t make your repayments after you graduated, which could make it difficult to get a credit card, get a mortgage if you want a house some day, buy a car or even rent and apartment and that could really mess up your life at first. But, if you reach out to whoever provided you with the loan in the government and tell them you’re having trouble making payments, they can work out a plan to make those payments easier by either deferring them for a few months or making your payments smaller.
4) Finally, a student loan could make you feel like your pursuing a career you don’t really want. That you’re taking jobs your not passionate about, just so you can pay back the loan. It also might make you hesitant about going after a masters or a PhD or switching degrees all together because you already have a student loan and you may not want to take out another one to help you further your education even more.

Sharon says:

I have mental health issues illness pass 23 years meed

Aaron Broverman says:

That’s okay Sharon, we hope you find our personal finance content helpful nonetheless.

Lorilei says:

Hello

Aaron Broverman says:

Hello Lorilei,
We hope you find what you’re looking for here.

Clayton says:

Is there increase in oap jan 2021

Aaron Broverman says:

Hi Clayton,
The increase in Old Age Security promised by Trudeau’s Liberal Government already happened and took affect in July 2020. It increased OAS or Old Age Pension (as you call it) to the tune of giving those 75 years and older an extra $729 a year and was estimated to lift 20,000 seniors out of poverty.

Samuel olonana says:

Am ready trying to earn online

Aaron Broverman says:

Earn What Samuel? Points? Rewards? Need more details.

Dom says:

Hi there, I just discovered this site and find it pretty interesting! Need some advice on where to invest in gold stocks ( I’m in Quebec)! Thnx

Aaron Broverman says:

Hi Dom,
Try this article from our contributor Robb Egen for advice on investing in gold stocks: https: // www. greedyrates .ca / blog / invest-in-gold /

Jm robichaud says:

Hey I would like to get your credit card

Aaron Broverman says:

which one Jim, there are many, many options?

Cyndy Reid says:

Eager to hear whats new & available

Aaron Broverman says:

Hi Cyndy,
We are eager to show you.

Juliana muthoni muthama says:

How to invest

Aaron Broverman says:

We have tons of articles on this very topic Julianna. Have a look:

https:// www. greedyrates .ca/ investing /

Veronica says:

Need to get house up to code and rent hotel cause ex husband in house I own I’m homeless cause of covid

Aaron Broverman says:

Oh Veronica, I hate this for you. Is there a friend or other family member you can stay with? You should try to call some homeless resources and crisis lines and see what they advise. I don’t know what province you’re in, otherwise I’d give you some numbers for support, Do what you can and hang in there. I believe in you.

Ejaz says:

2 years ago i filled bankruptcy wich is done last year now i drive to my work with old car almost 2 hrs every day . i like to buy any new car for my road safty

Aaron Broverman says:

Hi Ejaz,
We don’t really do cars, we do personal finance, but this article I wrote may help you. Although, it’s a year or so older now. I hope this helps you in some way: https:// www. greedyrates .ca/ blog / best-ways-save-money-new-car /

Jude says:

I have a debt of $30,000 .3 cc cards and loan.im looking for low interests rate credit card and line credit. So I’m trying the transfer to low credit but which one is right for me.my goals is to have one low interests rate credit and line of credit in my wallet.

Sharon says:

Under odsp child tax I’m happy

Aaron Broverman says:

Great, I’m glad we could help you Sharon with financial advice and information in whatever way possible.

Thapelo says:

I love it it will help me grow my busineses

Aaron Broverman says:

That’s great Thapelo,
We’re glad Greedyrates can help you in that way with our informative financial articles.

Victoria says:

Hi, please advise where I should apply for a car loan. planning to buy a lightly used vehicle before winter. I have good credit and saved up $2000 for a down payment. I do have a little student loan and some credit card debt of $15000. I work only four days a wk. I am looking for another 2nd job too. I have $2500 in debt for my crowns. I am looking for a really low interest rate. where should I look. Thanks a million!

Aaron Broverman says:

Hi Victoria,
It still sounds like you have quite a bit of debt between $15,000 in credit card debt, $2,500 for your crowns and an undisclosed amount owing on your student loans. I don’t know how much money you make, but I would still advise clearing some of the debt you already have before applying for an car loan. Having less outstanding debt and fewer creditors will certainly improve your chances of getting approved for a car loan in the future. Right now, exercise patience, lay low, cut down some debt and it will pay off for your car loan later. Right now, many of the loans you could get would likely be high interest anyway.

Shirley Talbott says:

Loan for $3,500 on a very low payment

Aaron Broverman says:

Hi Shirley,
Are you asking for a loan? If you are, we are not a loan site and we do not have the power to approve them or give them out. We are simply a personal finance and credit card news and review site.

Rauf says:

Good day Folks!
I just bought a townhouse that needs fixing and upgrades to live comfortably with my family. After making downpayment and move-in expenses, I am facing cash flow issues and looking forward to consolidating my car loan of $16000 along with other $3000 of credit card loans. My total monthly payment for these loans is about $550. Do you think I can find a 3rd party lender who can give me 45k loan with the installment of $550/ month?
Please advise.
Regard!

Aaron Broverman says:

Hi Rauf,

There are loans of that size available, but they usually carry huge punitive interest rates and whether you get approved for one depends on your credit score and credit history. I would use caution when applying though and make sure you can actually pay it off at whatever interest rate they quote you. You don’t want such a large albatross of debt hanging over your head.

Terry Armitage says:

Thinking of buying 12K in shares from my local credit union.Have 15 K in shares now. 75 years old.no debts have some TFSA’s ,not maxed out, but dont think I need to be. In this economic climate is this a safe move. Dont need the money but dont want to lose it either.

Aaron Broverman says:

Terry,
A bank is as safe a place as any to invest in given the uncertainty of the economy going forward. If any institution is going to survive this and still be stable for a long-time to come in the end, it will be the banks and the credit unions. Of course, returns will be low to modest, but if you’re okay with that, have at it.

H.P. says:

Kindly advise where to park my money for best return. I have $25,000 maturing by Sept 10, 2020. I am currently making 2.62% interest.

Aaron Broverman says:

Hi H.P.,
I wish I could tell you, but there are a number of things I’d need to know about you first. First, what are your goals? What do you plan to do with the money? Once I know that I could determine your risk tolerance. If you’re looking for just the biggest return, I’d say go with high risk investments, but if you’re looking to save most of it and not lose any ever, I suggest going for something lower risk. Your time horizon also has a lot to do with it. How many years are you planning to invest before cashing out? Anyway, if you’re looking for the largest amount of interest try ETFs. If you want the largest return try the stock market. Real estate is also good if you live in a big city like Toronto or Vancouver or a suburb just outside of those places. If you’re looking to retire soon, put it in your RRSP. The sky’s the limit and without knowing more, I can’t really give a specific answer.

Pedro Cassola says:

Hi
I need classes in beginner about stocks

Aaron Broverman says:

If your in Ontario, check out learn-to-trade.com Also, Stocksessions.com offers a beginners stock course for free.

Johnny E says:

Hi,
I recently purchased a new development home just under 700k. I’ve put down a little over 15% down but my goal is to put down 20% and avoid CHCM insurance. I have 15K in savings but will obviously require the some of that money for closing costs, lawyers and land transfer. I’m a new home buyer some some the the land transfer will be reduced. Lastly I have just a little over 12k left to pay off my vehicle purchase. Initially I wanted to use some of my money to pay off the car early. However, after reading about how high closing costs can go I’m hesitant to do so. Would love to talk to some one about my options and how to proceed with my next steps carefully to avoid any mistakes.

Aaron Broverman says:

Hi Johnny,

Yes. Follow your instincts, as they are sound. You should also ask your real estate agent and real estate lawyer for their advice. For the record, I would advise holding off on paying off your car until the home transaction closes. Whatever is left (if anything) can be used towards the car. Patience and studiousness is always better. It’s that old saying, “Don’t count your chickens before they’re hatched.”

Karla Marks says:

Because of Covid 19 what about using my air miles for travel?

Aaron Broverman says:

Hi Karla,
Flights are still being cancelled by various Canadian airlines into the fall, including ones purchased with Air Miles, so I would shy away from travel for the forseeable future because, at minimum, traveling in an enclosed tube with poor air circulation for an extended period of time risks your health quite seriously. Add to that, Air Miles programs are reeling and can only provide phone support — after long waits on hold — if something goes wrong, so I’d recommend focusing on what you can get delivered to your home with air miles or save your miles until the travel industry has truly sorted itself out and proved its ability to keep people safe pre-vaccine.

Mandy H says:

Hi. I have over $13,500.00 in credit debt and I have to pay huge interest every month which even will not be deduced from the original debt amount. I was wondering if there is any way I could borrow money with low interest rate. There are many sites in the Internet but I am not sure if my data would be secure.

Aaron Broverman says:

Hi Mandy,
I would stay away from private companies touting low interest loans. I would first go to your bank and try to get a line of credit that you can transfer the balance to at a low interest rate. Other than that, try to apply for the MBNA True Line Mastercard, which is the only credit card in Canada with a 0% interest rate on balance transfers for the first 10 months. Perhaps ten months would be enough time to pay don the balance if you transferred it to that card. Of course there will be balance transfer fees and balances from TD credit cards are ineligible. Hopefully, that will help you at least somewhat. I’d also recommend seeing a money coach, through a fee-only place like Money Coaches Canada, to work with you on strategies to pay down your debt in a one-on-one environment. Hope that helps.

Jayden says:

Thanks for this article and making this website available. It’s very helpful. I discovered it 20 minutes ago. I took your advice and applied online for a Capital One Guaranteed Credit card and they just approved me! I was expecting them to ask for funds and approve me a secured card, but it’s unsecured. I am very happy about that. I also signed up for your emails. Thanks for all your help and have a great day!

Aaron Broverman says:

You’re welcome Jayden, we’re so glad it worked out for you. We live to serve. Let us know if you need our help again.

Patricia carmichael says:

I don’t want capital one where they set you up with paper and you have put money on it I want something to approve my credit but I want something I can use for emergencies where I don’t have a place or something I can use so I can get a place somewhere to stay or even food emergencies I don’t want anything else besides that And have poor credit round 475 no higher than that

Aaron Broverman says:

Hi Patricia,
When your credit score is in the 400s, credit options are limited. Low credit cards require you put money down in some way. This is either through a secured card (money up front) or a prepaid card (works like a gift card and can be bought for a set amount — some are reloadable — put money on as you go. If you can’t do that, I recommend co-signing on a card with someone you trust with better credit. This won’t help you build up credit (it’s their credit that’s affected) but you’ll have funds for emergencies and the co-signer can assist you in paying it. Once you have enough money to put down on your own card, (minimum $75-$2,000 on some cards) get a secured card. They report to credit bureaus and will help build up your score so you can get a regular credit card again.

Micheal says:

Very nice concise review of tax changes for 2019. Of course, these stem from the 2018 federal budget; it will be interesting to see what changes result after the Oct 21 election.
Allow me to add that I have been receiving a pension from the military since 1996 and in all of that time (20+years!) the $2,000 pension tax credit has never increased! Now that’s something I’d really like to see changed.

fuimus says:

I agree with your complaint Michael. It should be increased. Also, Veteran’s pensions and RIF pensions are the only ones that do not allow the pension tax credit to follow when the income is split to a partner younger than 65. It would appear that serving your Country or saving for your own retirement is frowned upon.

Michael says:

Very nice concise review of tax changes for 2019. Of course, these stem from the 2018 federal budget; it will be interesting to see what changes result after the Oct 21 election.
Allow me to add that I have been receiving a pension from the military since 1996 and in all of that time (20+years!) the $2,000 pension tax credit has never increased! Now that’s something I’d really like to see changed.