Posts tagged credit cards
Financial Literacy - Understanding Collateral Mortgages

The mortgage process is changing and many banks have are now using collateral mortgages when you purchase or refinance your home.  A collateral mortgage typically designed to secure all obligations that you have to the bank and there is no dollar limit on the mortgage.

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The Difference Between Prepaid and Secured Credit Cards

Two credit card products that often get confused are secured and prepaid credit cards.    Let’s take a closer look at the characteristics of each one and some of the things you should be aware of before choosing either of these products. Choosing the product that is best for you will depend on your circumstances.  Either way, we encourage you to do your research and to read the cardholder agreement or terms and conditions prior to opening one of these products.

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The Cost of Credit Card Debt

If you are struggling to keep up with credit card debt and don’t see your balances decreasing this is a sign to seek professional help.  A licensed insolvency trustee can review your financial situation and help you find the best strategy to deal with your credit card debt.

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