I Tested EQ vs. Neo for a Week: One Card Paid 38% More Cash Back
EQ Bank would have paid me $1.85 in cash back for my total one week spend. That still doesn't beat the $2.55 I got from Neo for spending less overall, but more on groceries and gas.
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I Used My Birthday To Earn $100 Worth Of Free Stuff From In-Store Retailers in Toronto: Here Is How I Did It
After completing my birthday reward journey, I collected over $100 worth of free goodies. The highest value items were from Denny’s ($14.59) and Freshii ($13.49). The lowest value item was the cookie from Subway ($1.35).
I Interviewed 3 Canadians Who Filed For Bankruptcy To Figure Out How They Rebuilt Their Credit
A first-time bankruptcy stays on your credit report for 6 to 7 years, but you can start rebuilding your credit much sooner than that. The Canadians I spoke to got secured loans or credit cards with low limits and rebuilt within a few years.
I Interviewed 3 Canadians Who Went Bankrupt & Here Are The Credit Cards They Used to Rebuild Their Credit
Thomas used the Capital One Guaranteed Secured Mastercard with a $300 limit while still in active bankruptcy. T. Morrison opened a GIC-secured credit card through Meridian immediately after discharge. And Robert Jenkins got the Capital One after discharge.
I Asked 3 Mortgage Brokers How to Buy a House With a Bad Credit History in Canada
B lenders accept credit scores as low as 500. But you’ll likely need to make at least a 20% down payment, and your housing costs plus debt payments should not be more than 50% of your income.
I Asked 3 Canadians Who Did a Consumer Proposal About the Pros and Cons
Shelby turned $45,000 of debt into a $250 monthly payment she could actually afford. Christopher reduced a $20,100 balance down to about $7,000. Chris finally escaped the cycle of moving money around while interest kept growing.
I Pawned My Guitar To Figure Out How Much Interest & Fees Pawn Shops Actually Charge
I paid $30 to borrow $100 for 15 days, which works out to a 30% borrowing cost over just two weeks. If you stretched that same cost over an entire year, the equivalent annual interest rate would be roughly 730%!!
I Tried Financing a Hot Tub in Canada. Here’s How Much Interest They Wanted To Charge Me
If you chose the 20-year payment option, you would end up paying almost $30,000 in interest, and over $45,000 (for a $16,000 hot tub) by the time the loan was paid off.
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