Loans

Peer to Peer Lending in Canada: A Complete Guide (P2P)

Peer to Peer Lending in Canada: A Complete Guide (P2P)

Peer-to-peer lending can be a great alternative to typical financial institutions for borrowers as well as a great way to diversify investment portfolios for lenders.

Loan vs Line of Credit: Key Differences Explained

Loan vs Line of Credit: Key Differences Explained

If you're in need of financing, two great ways to borrow money are a loan and line of credit. Here's how they work and how they differ from each other

Secured vs Unsecured Loans: Here’s the Difference

Secured vs Unsecured Loans: Here’s the Difference

Loans can be classified as secured or unsecured. Learn the one crucial aspect that separates these two types of debt and how each works in practice

What is a Forgivable Loan [with Examples]

What is a Forgivable Loan [with Examples]

Though it may be hard to believe, it's possible to have certain loans forgiven, which means you don't have to repay them. Here's which loans qualify.

What is an Installment Loan & How Does it Work

What is an Installment Loan & How Does it Work

An installment loan is a loan which you repay in equal installments over a preset time period. Here's how it works and how to get approved for one.

What is a Secured Loan?

What is a Secured Loan?

To acquire a secured loan, you'll have to pledge an asset you own as collateral. Here's how it works and why it may be worth getting one.

Qualifying For the Paycheck Protection Program (PPP Loan)

Qualifying For the Paycheck Protection Program (PPP Loan)

The Paycheck Protection Program (PPP) is a financial aid initiative implemented by the U.S. government to help small businesses. Here's how it works.

No Interest Loans: Legitimate or Too Good To Be True?

No Interest Loans: Legitimate or Too Good To Be True?

Is it really possible to get a no-interest loan in Canada? The answer is yes! But in some cases this form of financing comes with hidden traps.

A Guide to Getting and Using a Personal Line of Credit

A Guide to Getting and Using a Personal Line of Credit

A line of credit can be a handy tool for financing large purchases and covering cash shortfalls. Learn how it can work for you in this detailed guide.

A Guide to the Professional Student Line of Credit

A Guide to the Professional Student Line of Credit

Are you keen on studying law or medicine at university but worried about the high price tag? A professional student line of credit can help.

Investment Loans: Benefits and Risks

Investment Loans: Benefits and Risks

An investment loan is a financial product that may help you increase your portfolio. Discover the risks, benefits, and whether one's right for you.

What is a Loan?

What is a Loan?

Loans can make sense if you need a lot of money all at once. But it's important to understand the different types of loans, and how interest works.

How To Get Out of a Title Loan: You Have Options!

How To Get Out of a Title Loan: You Have Options!

Are you stuck with a title loan that's hurting your bank account? If so, there's options you can explore to escape it or lessen its impact.

Is Line of Credit Interest Tax Deductible in Canada?

Is Line of Credit Interest Tax Deductible in Canada?

No one likes paying interest on a LOC. However, in certain cases, you may be able to deduct it from your tax return to reduce your tax bill.

Credit Builder Loans Explained

Credit Builder Loans Explained

Is your low or non-existent credit score preventing you from obtaining financing? If so, see how a credit builder loan can help you give it a boost.

RRSP Loans: Benefits and Drawbacks

RRSP Loans: Benefits and Drawbacks

Do you lack the cash to contribute to your RRSP? If so, an RRSP loan can help you cover the shortfall. Learn how it works and if it's right for you.

Canada Apprentice Loan Explained

Canada Apprentice Loan Explained

Looking to train as a tradesperson but lack the funds to do so? If so, there's financial aid available through the Canada Apprenticeship Loan program

What is a Line of Credit & How Does it Work?

What is a Line of Credit & How Does it Work?

A line of credit is a loan product that offers a convenient and flexible way to borrow money when you need it. Learn how it works and how to get one.

Student Loan vs Line of Credit: Which Is Right For You?

Student Loan vs Line of Credit: Which Is Right For You?

Student loans and lines of credit are both popular ways to finance your post-secondary studies. Here's how they compare with one another.

Car Loan or Line of Credit: Which Is Better When Buying A Car?

Car Loan or Line of Credit: Which Is Better When Buying A Car?

Having trouble deciding how to finance your car purchase? If so, ensure you consider which option is more financially prudent rather than convenient.

Debt Consolidation for Canadians Explained

Debt Consolidation for Canadians Explained

Debt consolidation is a versatile financial strategy that can streamline your money and pay down debts. Read more to find out how it can help you.