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Question: where can I get a Gold collateral personal loan with a bad credit here in Canada?

I have bad Credit but I wanna start all over again and repair my credit, and I don’t want to do debt consolidation, I just want a personal loan for $8000, but I was thinking of offering all the gold that I have as a collateral so lenders would trust more I don’t want to sell my jewelery because they mean a lot to me, the gold that I have is worth about $12000-$15000 (I already got an estimate for it from a gold and diamond store) so does anyone know where can I get a gold collateral loan other than pawnshops and scamers?? (please no rude comments)

Answer: That sounds like a very bad idea to me but lets first discuss a few issues.

First of all when you say that you got an estimate on your jewelry I am assuming you mean you got an estimate for the retail or insurance value. No bank is going to lend you money on something like that. Jewelry value is more valuable because of the artistic aspect. If a bank or you were forced to sell the jewelry, I think you would be surprised how little it is worth which is why I never advise people to "invest" in jewelry...it is simply not an investment.

I wish I had more details as to what your exact problems are. Credit repair takes years and is best done slowly and methodically. There are NO quick fixes, but each month that goes by will increase your score if you follow simple steps.

1) pay your bills on time. If you are late, then NEVER allow it to be more then 29 days late. It is not reported to the credit bureau unless it crosses the calendar month. so you can jugle things a bit to help get you organized in the beginning

2) reduce your credit cards to 1 or 2. Pay off the cards with the highest rate first. It is also a good idea to pay off small balance cards quickly first and get rid of them. This helps you psycologically and also reduces your cards on the credit bureau which will dramatically help.

3) look for items around the home and sell them on ebay or a garage sale and use the funds to pay off your debt. Again concentrate on one card at a time. Try to get a temporary part time job to pay your balances off.

4) call your card companies and try to negotiate a better interest rate. Many will do that...and often they will if you pay down the balance.

5) Get your card balances to under 75% of the card limit. When you go beyond 75% and closer to your limit your interest rates SPIKE as you are seen as a RISK!

6) look at your ENTIRE BUDGET and cut EVERYTHING to the minimum until you get your cards payed off. Get the minimum cable tv or disconnect all together. Check your phone plans and see if you can change it or move it to lower your bill. DONT USE YOUR Cell so much and reduce your plan....it AMAZES me how much people spend on cell phones.

7) Ask for a raise (make a sales pitch) or look for a better paying job
Good luck

Recovery to speed up, Bank of Canada says

Ottawa — The Bank of Canada says the economy will grow faster than expected from the second quarter through early next year, and raised its forecast for the United States while warning a durable global recovery depends on debt cutting measures in advanced nations and on countries such as China continuing to stoke spending on goods from abroad.

Canada Debt Consolidation

Regulators to reach ABCP settlements with dealers

The Ontario Securities Commission said Friday it will hold hearings next week to consider settlements with CIBC and CIBC World Markets and HSBC Bank Canada over their role in the sale of third-party ….

Debt Settlement In Canada at www.ccdr.ca

Getting unsecured loans with bad credit can be a hard task. The majority banking institutions want some type of guarantee for loans given to people with bad credit. But, there are several companies that concentrate in helping people with bad credit obtain back on their feet. One of the ways that these companies do this is through the offer of unsecured loans to pay of credit card debts and extra kinds of debt that can keep a person’s credit score low.

Where to find these loans

There are few banking institutions that will let people with bad credit to obtain unsecured loans. However, there are several debt consolidation companies that will offer small loans, and there are online loan companies that can assist as well. The best system to find an unsecured loan is to conduct a small research. Look online for unsecured loans, and always be definite to research every company before handing out your personal information. Some companies are scam businesses planned to take your information and steal your identity. A legitimate company will not assure a large loan total.

What information is required?

There is some information that all lender requires before you can acquire an unsecured loan. Take your recent earnings statements to you when you go for the interview. It is as well necessary to have proof that you have a stable job. Usually loans are not given out to people who have been at a job for less than six months. You will as well need your social security number, the total of other debts and loans that you have, and your rent or home payment if you have one.

How much can I get?

Unsecured personal loans bad credits are generally only offered in little amounts. The fact that a person has poor credit usually tells the lender that he or she has been irresponsible with cash in the past. Since an unsecured loan is not anchored by anything, lenders are not probable to give out larger loans than they think the borrower can pay back within a sensible amount of time. Payments of $1000 to $3000 are common, with some payments being offered for up to $5000.

What loan lengths are offered?

Usually loan companies offer some dissimilar loan lengths. For unsecured loans, they prefer loans that have shorter lengths. Bad credit loans are usually given with the selection to pay it all back in five years or less. This is the best system for the monetary institution to obtain what they are owed.

Sallie Mae Reports Fourth-Quarter and Full-Year 2009 Results

RESTON, Va.—-SLM Corporation , commonly known as Sallie Mae, reported net income on a core earnings basis of $249 million for the fourth quarter ended Dec. 31, 2009, compared to $65 million for the year-ago quarter.

Debt management, Get out of debt, Debt Consolidation

Question: what tax was created to pay off war debt in canada?

was it the income tax or GST??

What was the cause, effect and historical signifacance of it?

Answer: Income tax. The GST came out MUCH later, in the 1980s.

Canada hires banks for sale of 10-year bonds in Euros

Canada plans to sell 10-year bonds in euros, its first issue of debt in the European currency in more than a decade. The sale of global bonds will be managed by BNP Paribas SA, Credit Suisse Grou...

Do It Yourself Approach - Canada Debt Relief

Question: In CANADA, is there a Statute of Limitations on debt collection when someone has recently died?

There may be possible debts from 1984. The individual remarried, 9 years ago, first wife deceased in 1982, everything in last 10 years paid up. No will, in estate, second wife has to go to Probate to get house deed in her name, is she responsible for old debts from his previous marriage or is there a Statute of Limitation?

Answer: if someone wants to get out of debt today it is pretty easy with a debt consolidation plan
however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is:

http://umgarticles.atspace.com/debt-consolidation.htm

Provinces and cities track down unpaid tickets

Canadian motorists who think they can ignore old speeding or parking tickets shouldn't get too comfortable.