Tag Archives: debt

Credit Building Loans @ Excelus

Bright Futures

At Excelus Financial Inc. we know that having the ability to understand personal finance and to obtain credit is the lifeline to creating a “Bright Future” for our Clients and their families, therefore, fulfilling financial dreams for thousands of Canadians.

We help our Clients to Build, Create or Restore their good Credit.

We know that Credit Building is Asset Building; therefore, we provide Credit Building Services, Secured Savings Credit Building Loans combined with Credit Education.

Our Clients Save Money, Build Credit, and learn how to:

  • Understand what a credit score means and why it is
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Entrepreneurs are in Personal Debt!

 

Ladies, it is very important that you try not to get into personal debt when you are building your business.

Unless of course you know what you’re doing and are prepared for the potential consequences.

While it is true that all businesses require money to get started it is important that you not put yourself in a debt situation that you cannot cope with.  Starting a business even a one-person-startup will cost you on average $25,000 – $30,000 in your first year. You will need, a website, website hosting, domain name registration, business name, (if you plan to incorporate … Read More >

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Debt is Redder than Ever

Nothing like waking up on a Friday morning to find out that the Bank of Canada governor says house prices are overvalued by 30 %.  As reported in the Vancouver Sun, Stephen Poloz, the Bank of Canada Governor said, “The vulnerability associated with household indebtedness is edging higher and the overall risk to financial stability in Canada is slightly higher…..house prices overvalued 30%”

Yikes.

Hidden behind the carefully worded text is another warning. As reported, “The bank continues to expect a constructive evolution of imbalances in the household and housing sectors as the economy improves and interest rates begin to … Read More >

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Debt and Bank Fraud

Today there is good and bad news.

The good news came from a StatsCan report about all of the household debt in Canada that many  experts have been complaining about – how Canadians have been accused of being bad money managers but guess what? This report confirms that we are not broke and precariously dangling from a cliff of troublesome household debt, but quite the opposite. Canadians have significant assets to back all of the debt – and more. There is a net-worth surplus.

As published recently by the Vancouver Sun, a former chief economic analyst for Stats Can, Philip … Read More >

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