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  1. Is paying back loan a sign of good credits?

    General Personal Finance Talk
    Hi All. I have always been debt-free with a decent job. I see people taking loans for all kinds of reasons: cars, houses, education, marriage, etc. .. They say paying back loans on a regular basis adds positively to your credit history. Does it? Please clarify that to me. Why would I have to...
  2. Please help me out for paying off heavy debt

    General Personal Finance Talk
    Hey guys, I need some advice regarding heavy debt I am suffering from debt and how I pay off $36000 dollars. I am having a hard time doing this and maybe all of your suggestion can help me.:upset: Thank you in advance.
  3. Can I pay a lump sum to Osap and then extend my grace period?

    General Personal Finance Talk
    I just graduated in April and I am continuing school in a post-graduate certificate program that is not eligible for osap. So I need to pay upfront. That, with new car expenses will be a lot of money. So I want to extend my grace period for osap in October (once my automatic 6 month grace period...
  4. What did you do when you became Debt Free?

    General Personal Finance Talk
    CMF I am curious to know what you did (if anything) when you became Debt free? I have been debt free for just over a year now.. and I basically moved all my debt payments into my RRSP and TFSA funds.. but surely someone has done something more exciting then me? :smilet-digitalpoint
  5. Are Peer Lenders In Canada Safe?

    General Personal Finance Talk
    I read an article about "peer-to-peer" lenders in Canada. It looks like there are currently 3 brokers in the space: Grouplend, CommunityLend, and Borrowell. Is this industry safe for me to borrow money? I've heard about LendingClub in the US, but am weary of what looks to be an unregulated...
  6. Globe and Mail looking for people to interview

    Money Diaries
    Hi everyone, I'm a journalist with the Globe and Mail. I wanted to reach out on this forum because I'm looking for people who might be open to sharing their experiences for a series of articles we are doing on household debt. I wanted to post this in the Money Diaries forum because reading...
  7. Debt Free! now what?

    General Personal Finance Talk
    Hello, So just last month I made my final payment on my personal line of credit. This debt was accumulated through living outside of my means and has taken me 4 years to pay off. Now I’m trying to figure out what is the best approach for reaching my financial goals with the money which I no...
  8. Advice on where to setup RRSP and what to put inside it

    Investing
    Hi! I'd like some advice. Here's the question: I'd like to open an RRSP account somewhere... maybe the royal bank? I'd like to consolidate my RRSP, RESP, TFSA, and banking in one place. We're spread out all over the place now and I want to make it easier. What do you all use for something like...
  9. Have I taken on too much debt for my age?

    General Personal Finance Talk
    Hey everyone, Three years ago, I was 18, single, no debt. Now I am 21, married, 2 kids, with a LOT of debt. I live in the Greater Victoria Area (where home prices are quite high). My wife and I make about $6000 per month net (for now - which includes an $1100/month income suite), but I am...
  10. Young couple in huge debt!

    Money Diaries
    Hey Everybody, Quite like a few people on here I am new to the forum and am really enjoying reading about everything on here. I was just wondering if anybody has any advice for my wife and me. We are recently married, own an apartment we currently live in and own one rental property, we...
  11. Advice for New grad?

    Investing
    Hello, I'm currently 23 years old. I just recently graduated from college, and luckily found a job that pays me $3000/month. In regards to my finances, I am dirt poor. I have $100 left on TD chequing account and $16,000 student loan from OSAP (Ontario Student Assistance Program) that I have to...
  12. Trying to crunch some numbers !!!!

    General Personal Finance Talk
    Here is a question for any one here with good calculating skills. We're currently working on wiping out our debt and not sure which would be better to pay off first. Two debts owning are: Home mortgage of $72,000 at 5.31% locked in until 2016 with payments of $303.44 bi-weekly. Annual...
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