The Credit Card Minimum Monthly Payment Trap

Somewhere on your credit card statement there is a note saying if you only make the minimum monthly payment each month, it will take you a certain number of years and months to pay off the balance – BUT ONLY IF YOU NEVER ADD ANY MORE CHARGES TO THAT CARD AGAIN!...

A Lannister Always Pays His Debts (And So Should You)

In Game of Thrones, the Lannisters are the wealthiest and most powerful family in the Seven Kingdoms. They’re not afraid to leverage their wealth to forge key alliances and advance their political agenda. But, despite being known for plotting and treachery, the...

Borrowell, Grow, and Mogo: 3 Online Lenders Compared

A new wave of financial companies is turning traditional banking on its head by leveraging technology to offer customers low-cost banking, lending, and investing solutions. At the forefront of the fintech revolution are three online lending companies that are carving...

Pros and Cons of Getting a Personal Loan

Back in my banking days, with the exception of mortgages, personal loans were the go-to mainstay of lending. Our promotional material stated, “we can give you a loan for any worthwhile purpose – vacation, wedding, appliances, new car.” (Please, don’t shoot this...

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