Ever since the Great Recession of 2007, many banks have closed their doors on small business loans, as higher costs and more government regulation have made it less profitable for them. Even businesses that are considered to be “financially healthy” are being turned down. This has made it harder for business owners to get […]
Getting a personal loan is a great idea. Not only are you making some of your dreams possible (i.e. getting a car, or a house, or the trip that you want), you are also ready to become financially responsible and take on new heights.
Unfortunately, there are some people who are willing to hurt other […]
As an adult, your financial life is complex, and only getting more so. This is true whether you have a lot of money or a little. And the diversity of your financial life is difficult enough to deal with, even when you’re dealing in a currency you’ve used all of your life. Now imagine […]
Since the rise of peer-to-peer lending, banks have tried to scare people out of participating in these alternative programs. They want to convince people that the safest way to borrow money is through them, but is it really working?
Some say that the Great Recession of 2007 was caused by excessive de-regulation mixed with a […]
Regardless of how grand your real estate aspirations are, you will never be able to realize them without the proper financing to back them up. There is no other way around it; financing is the backbone of today’s real estate landscape. Those with access to money will find that things tend to fall into […]
If you have a business, or are thinking about starting one, you are embarking into uncharted personal territory. Running a business is a scary thing for anybody. That’s especially true if you want to expand your operation. Expansion requires you to step out into somewhat-unknown territory, making a lot of the decisions you made […]
Canada has long been controlled by a handful of mind bogglingly large banks. The big five control 75-85% of the banking market, depending on the sector that you’re looking at.
The oligopolistic structure of the system has long emphasized conservatism in regard to both pricing and innovation. While their conservative nature offered shelter during the […]
Financial jargon was meant to be confusing. Isn’t that frustrating? Even more so, financial jargon was designed by banks to intimidate everyday consumers so they avoid reading critical (and often burdensome) terms and end up owing banks more money in interest on their credit cards and loans. Infuriating! This is why the best thing […]
If you have been an adult long enough to own a house or a car, chances are the interest rate you received on your loan isn’t as low as one you could receive today. Unfortunately, the best loans in recent history are behind us and unlikely to be seen again within our lifetimes. But […]
One of the most important decisions you will need to make as a business owner is how you will acquire the equipment you need to run your business. This is especially true for traditional businesses in the transportation, industrial and construction fields. The larger problem at hand is how you will afford to buy […]