How to renovate your home on a fixed income + MORE Oct 24th

All about Canadian credit cards. Learn the ins and outs and get the latest news.
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Hold up, wait a minute! Up to 7% cash back? Neo Financial is in it to win it + MORE Nov 2nd

As we detailed in a previous post the yet to be released Neo Financial World Elite Mastercard is being tweaked but the information we had at the time of writing that article only told part of the story. Neo has since reached out to RWRDS Canada with the complete changes being instituted on the World.... More »

Earn 20X Aeroplan points on Canadian Down & Feather purchases made via the Aeroplan eStore Nov 5th

Halloween has come and gone which means it is now time for the Christmas and holiday shopping season to ramp up. And one retailer that is charging out of the gate is Canadian Down & Feather with an offer to earn 20X Aeroplan points on all purchases. Who is Canadian Down & Feather Company? .... More »
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These credit cards can help you save big on travel to Orlando + MORE Oct 29th

Orlando, Florida, is an expensive destination. A family of four could easily spend $1,000 per day on theme parks alone. It’s no surprise that for many families, visiting the city ends up being a once-in-a-lifetime opportunity. Despite its budget-busting costs, Orlando welcomed a record-breaking 1..... More »

Big new welcome bonus of 140,000 points on The Platinum Card from American Express + MORE Oct 30th

An awesome welcome bonus of up to 140,000 Membership Rewards points has been revealed The Platinum Card® from American Express This new offer is 40,000 points higher than the last offer and is available to new customers who are approved for the card and meet the minimum spending requirements set ou.... More »
As many seniors know all too well, being “house rich, cash poor” is a common reality. You’ve paid off your home, and it’s worth a lot, but your monthly income doesn’t stretch as far as it used to. If you’re living on a fixed income, the thought of renovating your home can feel overwhelming. The costs? They can range from a few thousand dollars for basic upgrades to hundreds of thousands for more significant changes, like making your home more accessible. 

But just because you’re on a tight budget doesn’t mean you’re stuck with your dated décor and dysfunctional layout. There are options, even for those who can’t tap into a steady flow of extra cash. Let’s explore what’s possible.

Why traditional mortgages and HELOCs may not be the answer

For many people, the first thought when looking to finance home renovations is a traditional mortgage or a home equity line of credit (HELOC). But for seniors living on a fixed income, this may not be a viable option…

Continue Reading On moneysense.ca »

Equifax Inc. is launching a program to allow newcomers to transfer their foreign credit history to Canada.

The credit reporting company said Thursday that the Global Consumer Credit File will make it easier for immigrants to access services like loans and cellphone plans in Canada by providing the additional data.

“It’s really important when newcomers land that they get access to the financial services ecosystem, and without credit history that’s very difficult to do,” said Sue Hutchison, head of Equifax Canada.

“They’re typically looking to, you know, rent an apartment, get a mobile phone, probably a credit card, and all of those things require credit history. So not having it makes it very difficult for newcomers.”

Also read

Earning, saving and spending in Canada: A guide for new immigrants

read now

What is Nova Credit? What does it offer?

Equifax isn’t the first to launch such a program in Canada…

Continue Reading On moneysense.ca »

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