Level of Credit Protection Unclear in Wake of Major Loss

Level of Credit Protection Unclear in Wake of Major LossIn the wake of a class action lawsuit, the federal government now says it will provide a “credit flag” service for nearly 600,000 Canadians whose data was lost in November. But it is not the same level of credit protection it advised those affected to get, and pay for themselves. Human Resources and Skills Development Canada (HRSDC) said the hard drive was lost in November from an office in Gatineau,…

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N.S. Payday Loans Under Microscope

N.S. Payday Loans Under MicroscopeThe Nova Scotia Utility and Review Board is taking another look at the way payday loan companies do business and will examine the issue at hearings scheduled to begin Monday in Halifax. The board will determine whether the companies are charging too much to borrow money. In Nova Scotia, they can charge up to $31 for every $100 borrowed — the highest rate in the country. The UARB set the…

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The Crisis of Credit Visualized

The Crisis of Credit Visualized[youtube iYhDkZjKBEw] The great financial crisis of 2008 left many asking what exactly happened.   Here is a video that helps explain it in easy to understand terms.  The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated.

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