https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p Assignment 2 en-us 2017-03-18 20:54:10 UTC 2023-01-29 09:40:22 UTC hello@padlet.com jgwp_senatorsfan_09 https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/161022744 2017-03-19 20:05:15 UTC https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/161022744 jgwp_senatorsfan_09 https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/161023752 These  post that i will be posting are based on the world of credit.  The  credit world is so vast that it can be confusing .]]> 2017-03-19 20:16:46 UTC https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/161023752 jgwp_senatorsfan_09 https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/161622079 This picture shows that you can add all of your credit to your mortgage. In which will create a larger scale of mortgage called increased mortgage. Increased mortgages include the Secured Line of credit,Overdraft protection, and your Credit cards.

]]> 2017-03-21 18:26:35 UTC https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/161622079 jgwp_senatorsfan_09 https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/162648148 https://www.youtube.com/watch?v=m7PYN4-eKg8
This video was chosen for its great explanation on how to use credit cards and how to not find your way in debt, with the helpful tips and strategies for credit card management. It specifically speaks to students on monthly credit management. He talks about life skills on what to do with the cards when interest is acclimating. This video also briefly talks about what to do and what not to do when dealing with credit and credit cards.   ]]> 2017-03-26 19:12:49 UTC https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/162648148 jgwp_senatorsfan_09 https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/162648922 https://www.youtube.com/watch?v=ijQTqa0no18
This video gives an all-around explanation about 4 types of credit: mortgages, loans, lines of credit, and credit cards. It explains the differences among them such as how loans have a fixed amount, a set monthly payment that includes the interest on the loan, and the length of time to repay the loan in full. When you do not have enough money to buy whatever is essential at that time. , you can apply to a bank for a loan. Mortgages are loans secured by the value of the property, so that the bank has the legal right, if the payments due are not made, to force the property to be sold under Power of Sale to another buyer. The previous mortgage holder loses all the money he has invested in this property and no longer has a place to live. A line of credit is like both a credit card and a loan and it has the advantage of you being in control of what to purchase with it, but the disadvantage of you needing to pay interest on the loan as soon as you make the purchase. It is necessary to make regular payments that include the interest according to your agreements with the bank.
I personally think that the most used type of credit is also the most common type, which is credit cards. These have pre-set limits and have interest when you do not make the payment on time, which can cause an increase in the cost of having the credit card. In Canada, we have a 21-25 day grace period that gives the owner up to this number of days after the purchase to pay off the amount of money used in full, but a making a minimum payment amount is also possible. Then the bank charges interest on the balance of money remaining to be paid. Some credit cards, such as American Express, may also have an annual fee to use the card.   

]]> 2017-03-26 19:23:36 UTC https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/162648922 jgwp_senatorsfan_09 https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/163867063 https://www.youtube.com/watch?v=v7XMAfEewus
Credit Card Company use two criteria to approve a credit card application. These criteria are Income and Credit score the second is being the most important. Your credit score tells how long you have had credit in Canada, the types of credit you have, your total debt, and your credit history over the last 7 years. To help get your application only apply for the credit you need. It is illegal to lie on your application. Paying your amount due on time will improve your credit score.]]> 2017-03-31 02:45:54 UTC https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/163867063 jgwp_senatorsfan_09 https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164128965 Not all credit is beneficial. A wise person will investigate all the fine print thoroughly before signing any documents. Items of concern are condition that make credit more expensive.   ]]> 2017-04-01 21:09:42 UTC https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164128965 jgwp_senatorsfan_09 https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164130622 Having many credit cards will lure you into financial danger and overspending on credit. It will be difficult to keep track of your debt and may for force you into bankruptcy if left unpaid.]]> 2017-04-01 21:43:53 UTC https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164130622 jgwp_senatorsfan_09 https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164130789 Taking cash advances from you credit card is expensive because you will be charged the high interest rate possible from the date of withdraw, with no grace period.]]> 2017-04-01 21:44:20 UTC https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164130789 jgwp_senatorsfan_09 https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164133454 https://www.youtube.com/watch?v=6xwoN2qeMCE
This video takes a deeper look at how to change your credit score so that your application will be accepted. If your application has been denied, annual check your credit report from each of the credit bureaus. Using the fallowing website annualcreditreport.com. If there is not error perhaps, you are not meeting the minim payment requirement, so it is necessary to talk to the company involved and explore your option to become current. You should keep you credit balance 1/3 of your total available credit. It is necessary to find out if your application has been completely filled in correctly, and to call the credit card issuer to determine the criteria for that card because you were denied.  ]]> 2017-04-01 23:24:04 UTC https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164133454 jgwp_senatorsfan_09 https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164134015 https://www.canada.ca/en/financial-consumer-agency/services/credit-cards.html
This webpage is very comprehensive on how to help people understand the many different aspects of credit while providing information about other credit related services, such as credit card balance insurance. The credit card selector is a very useful tool for assisting consumers in choosing the best credit card for his or her own personal situation. It is equipped with many more user-friendly links, and is easy to apply.  


]]> 2017-04-01 23:44:21 UTC https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164134015 jgwp_senatorsfan_09 https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164134041 https://www.thebalance.com/reasons-why-good-credit-matters-960178
This article demonstrates clearly why good credit is important to your personal and business life in so many ways. Employers use your credit report in both the hiring and promotion process when you apply for employment or try to start your own business, as well as when you rent, lease or purchase either an apartment, house or vehicle. Bad credit reports will increase your rate of interest in any purchase on credit as well as cost you more money. Every aspect of your life is affected by good or bad credit reports. ]]> 2017-04-01 23:45:15 UTC https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164134041 jgwp_senatorsfan_09 https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164136248 https://www.ic.gc.ca/eic/site/oca-bc.nsf/eng/ca02179.html
Canada has two credit-reporting agencies, Equifax Canada and TransUnion Canada, which both have websites and toll- free phone numbers. Credit reports are a main tool for lenders, since the reports contain detailed information on a person's credit history. Credit files are created when people borrow money, apply for credit, or purchase items from retailers. Financial institutions all submit information related to your financial transactions to these companies. Your credit score helps lenders set your interest rate. Check the appropriate website to learn how to get a copy of your credit report. ]]> 2017-04-02 01:36:44 UTC https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164136248 jgwp_senatorsfan_09 https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164223425 2017-04-03 03:25:20 UTC https://padlet.com/jgwp_senatorsfan_09/7xrjdjnjiq0p/wish/164223425