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Using a Corporate Credit Card Responsibly
After a lot of work and a lot of responsibility, your boss at the corporation you work for has just given you a corporate credit card. The boss, however, may not have told you exactly what that means.
Government Helps to Protect Canadian Credit Card Users
After numerous public consultations, the Canadian government announces new credit card regulations. What will this mean for you?
You Have Rights! Stop Creditor Harassment
Creditor harassment is out there, but fortunately laws exist in every province to protect those who are trying to pay their debts. Although most of the laws are the same or similar across the country, each province has its own act.
Can Credit Repair Companies Really "Fix Your Credit"?
Advertisements by companies promising to "fix your credit score" are in newspapers, in your mailbox, and on the internet. How many times have we seen the line, "We can erase your bad credit"? No matter how bleak your credit report may seem, don't believe those statements. There's only one road to take in order to clear bad credit: Create a personal debt repayment plan, stick to it, and be patient.
Small Grocers Crushed by Credit Cards
Small businesses are the backbone of any society. Yet, the cries of small grocers protesting unjust credit card processing fees fall on deaf government ears. As credit card companies raise processing fees, small grocers struggle to keep up with processing fee hikes.
A Quick Overview of the New Credit Card Legislation
On May 21, changes to existing rules that govern credit cards were proposed by Canadian Finance Minister Jim Flaherty to help credit card holders. Here's a summary of the legislation that will most likely be enacted later this year.
Ho-hum Response to Proposed Canadian Credit Card Rules
Canadian Finance Minister Jim Flaherty announced a package of credit card industry reform proposals on May 21st. But the new steps were greeting with a yawn by experts.
Cap Credit Card Rates or Educate Consumers?
If you've been paying attention to the news lately, or to the fine print on your credit card statement, you know that credit card companies are jacking up interest rates left and right. If you're part of the two-thirds of Canadians who pay their credit card bill in full each month, higher interest rates may not bother you at all. But if you're part of the one-third who can't afford to pay down your balance each month, you're getting pretty fed up.
Retailers Rebel against Hiked Credit Card Fees
Consumers aren't the only ones perturbed by ever-increasing credit card fees. Retailers, too, are tired of the credit card companies' "continual and frequent increases" in service charges.
Consumer Proposal: An Alternative to Bankruptcy
Are you considering bankruptcy? Are you aware of all your options? A consumer proposal may be the right solution for if you are struggling with paying back what you owe your creditors.
