Could a simple disclosure statement be the difference between manageable repayments and a loan that spirals into unexpected debt? This introduction explains what a disclosure is and why it matters for anyone taking out a loan in New Zealand. It shows how a lender must give clear information before a contract is signed so the […]
Tag Archives: Credit score impact
13
Nov
Nov
Could a single advertised percentage change how lenders view their risk and alter someone’s borrowing power in Canada? This introduction explains how every published number—from a 5‑year fixed at 3.79% or a 5‑year variable at 3.45% shown on Ratehub.ca, to EQ Bank’s 2.75% on a chequing-like account and Oaken Financial’s 2.80% savings—shapes a person’s credit […]
13
Nov
Nov
Did they really know how much a single swipe could cost over a year? The piece looks at common costs on consumer cards and the merchant side of accepting payments. It showed that annual amounts often ranged widely, interest piled up when balances carried over, and late penalties could trigger higher rates. Small costs like […]