Category: Personal Finance

Prepaid Cards Offer Convenience at a Cost

Posted June 14, 2016 by cccadmin in

Debit Cards in Pocket

Prepaid debit cards can be a convenient gift, but that convenience comes at a cost. CBC News recently wrote a story about a Halifax woman who was upset to discover the fees that come along with them. MasterCard and Visa market these cards as a smart alternative to cash. They work just like regular credit cards and are accepted at millions of retailers worldwide, but as you’ll soon find out, they act more like debit cards.

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How Credit Card Deception Hurts Everyone

Posted May 31, 2016 by cccadmin in


Have you been dishonest with your partner about your finances? You’re not alone. Two in five with combined finances admit to lying to their partner or hiding information about money matters, find a study by Harris Poll for the National Endowment for Financial Education (NEFE). In fact, dishonesty among couples is rising – it’s up from 42 percent in 2015 and 33 percent a couple year ago. The most common financial deceptions were hiding a purchase, bank account, statement, bill or cash from your partner (39 percent), followed by lying about the amount of debt (16 percent).

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Millennials Choosing Good Credit Over Good Looks: Poll

Posted March 9, 2016 by cccadmin in

Arguing Over Credit Card

With the international holiday of love, Valentine’s Day, a couple weeks ago, we thought it would be the perfect time to look at this tongue-in-cheek poll. You probably already know your credit score can affect your finances, but did you know it can also impact your love life? According to a new poll, good credit is more important than good looks for millennials looking for a soulmate.

67 percent of millennials surveyed said they’d choose a partner with a good credit score over good looks, finds a poll by digital financial company MOGO.

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Canadians Increasingly Choosing Credit and Debt over Cash

Posted January 21, 2016 by CCC Staff in ,

Using Credit Card at POS

Cash is no longer king in Canada. Canada is moving towards an increasingly cashless society. Global news recently wrote an article about how more Canadians favour their debit and credit cards over cash. What’s not to love about credit and debit cards? They offer many benefits: they’ve convenient, come with consumer protection and with reward points, to name a few. But that convenience can come at a cost.

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3 Credit Card New Year’s Resolutions

Posted January 7, 2016 by cccadmin in ,

Manage Debt Reminder

Can you believe it’s the New Year? It seems like 2015 went by in the blink of an eye. With the New Year upon us, we thought it would be the perfect time for New Year’s Resolutions. Next to hitting the gym more often and spending quality time with family and friends, getting out of debt is a popular resolution.

Setting a goal is only half the battle; reaching it is another story. You may feel motivated to get in shape on January 1st and sign up for a gym membership right away, but by the time February rolls around you’ve already thrown in the towel. It’s important to set achievable goals and make an action plan to accomplish them. Here are three credit card and debt goals to aim for in 2016.

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