How Do Lenders Determine Affordability For a Loan?

calculater and spread sheet

When you apply for a loan, the bank or lender looks at two main factors: Your credit and credit score. Affordability, can you afford to repay the loan. When you apply for a loan and a lender looks at your credit report and credit score, it is a done deal. Your credit score is what […]

What Are The Two Main Factors In Getting Approved For a Loan?

calculater

Applying for a loan these days could not be easier, everything is done online. All our banking can be done online now as well. You can pay bills, transfer money, even pay in cheques using a mobile application. Cheques? When was the last time anyone used a cheque? The fact is with most things financial […]

Is Being in Debt Bad?

bad and good signs

I get asked a lot of questions over the years: Can I travel if I am in debt? Will I get stopped at the airport if I have debts? Can I get a Visa if I am in debt? Am I responsible for my partner’s debts? How to get out of debt? That is a […]