2025-06-03
How to set financial goals with your spouse
It can be difficult to discuss your finances with a spouse. These five steps can help you set and achieve financial goals together.
2010-08-02
There is nothing prohibiting you from obtaining credit while you're in bankrupty. However, if you're applying for $1,000 or more, you're required to voluntarily disclose to the lender tha you're in bankruptcy. As well, even if you're applying for less than $1,000, most lenders will do a credit check on you and become aware that you have negative information on your credit rating. It's difficult to get approved for credit while you're going through a bankruptcy. Lenders usually want to see that you're discharged (finished the bankruptcy) before they'll consider giving you credit. However, secured loans like vehicle financing are possible to get durding a bankruptcy. Any time you have damage on your credit rating, you can expect to be turned down for credit or expected to pay a higher interest rate. The same applies in a bankruptcy. You might look at getting a secured or prepaid credit card if you need a card for work, travelling, etc. Whether or not the lender will do a credit check depends on the bank and the type of card you're applying for. If you ask the bank, they'll tell you whether or not a credit check will be necessary for a secured or prepaid card. Judy Scott Trustee Meyers Norris Penny Limited Port Moody - Burnaby - Maple Ridge 604-949-2100 [email protected]
2025-06-03
It can be difficult to discuss your finances with a spouse. These five steps can help you set and achieve financial goals together.
2025-06-03
Lifestyle Debt
As more Canadians explore digital currencies, it’s essential to understand the risks. Learn how to protect your investments from volatility, scams, and legal pitfalls, and make informed decisions with this practical guide.
2025-05-27
Lifestyle Debt
Here’s a comprehensive guide on how to budget for a summer vacation, ensuring you make the most of your trip without overspending.