Borrowing money isn’t always a bad thing. In some situations, your current income or cash flow might not be able to handle unexpected expenses. You may also need extra cash to invest in your future — or to achieve a personal goal.
However, not all loans are created equal. Some types of loans, such as payday loans, can trap you in a cycle of debt and borrowing due to the high interest rates they charge. Let’s explore some of the good reasons to borrow money without resorting to payday loans or other high-interest credit products.
CIRP, LIT
Senior Vice-President
Servicing: Abbotsford, Chilliwack, Maple Ridge, Surrey, Langley
2022-12-16
Credit Counselling
Household overspending is one of the most common causes of financial insolvency. It’s also one of the easiest to overlook. Overspending tends to creep up slowly and camouflage itself as a different kind of financial challenge. But once you know the symptoms, they’re almost impossible to ignore. You can eliminate overspending almost entirely by introducing just three straightforward techniques.
2022-06-17
Credit Counselling
Credit cards can be a valuable tool for personal finance. If you can control the spending, and pay off the balances regularly there are no issues. But it’s easy for credit card spending to get out of control. Before you start cutting that plastic in half, consider these steps in credit card spending: analyze, monetize, prioritize and stabilize.
2019-05-06
Credit Counselling
Nobody applies for a credit card, loan, mortgage or car payment with the intention of not repaying those debts.
