Over the weekend I came across an interesting article on Moneyville, which explained that line of credit interest rates would be rising. Ellen explained that TD Canada Trust is raising interest rates on personal line of credits that are not secured by collateral. A TD customer, Ed explained to her that his line of credit
Archive for the ‘Line of Credit’ Category
Choosing Between a Loan and Line of Credit
When you are making decisions like purchasing your dream vacation or buying that new car, means you have to borrow funds. There are two great options you can consider to get this done, an installment loan or line of credit. An installment loan is the right choice for you if you want to borrow a
RBC Drops Interest Rate on Line of Credit
We have seen residential mortgage rates rise throughout the recent weeks, and we are now seeing Canada`s largest bank drop its interest rates on its popular consumer loan. Royal Bank of Canada (RBC) plans to reduce the rate on its RBC Homeline Plan line of credit by 0.4% to 2.7, effectively on Thursday October 22nd,
How Interest Rates Work
Now many of us know that with any form of credit there is an interest rate that goes with it.We will always accept the fact that there is an interest rate, but what is it? With loans, lenders will charge interest in return for granting you credit. Interest can be charged if you do not
How to Raise your Line of Credit
Everyone could use a higher credit limit especially since you can never have to much credit. Whether it is for big emergencies or you use your credit card on a daily basis and find a higher credit limit easier to get by with. Here are a few tips to help raise your credit limit. 1. Use
ScotiaLine Visa Account
The ScotiaLine Visa card is not just a regular line of credit; it is a leading personal line of credit with the convenience of no fee visa card access. You have a great personal borrowing tool which combines the high credit limits and low rates of a personal line of credit with flexibility to use
Personal Line of Credit at CIBC
With borrowing needs that could vary throughout the year, you might want to consider a Canadian Imperial Bank of Commerce (CIBC) Personal Line of Credit (PLC). A PCL is a flexible way to get the funds you need whenever you need it. You can withdraw any amount of money up to the predetermined, approved credit










