Credit Unions in Canada

Credit Unions in Canada play a very important role in the Canadian financial system. They provide credit and other financial services in many cities accrosss Canada helping Canadian consumers and businesses.

Junior Silver Miners Exploration

If investing in senior and junior silver miners, you should know what these types of miners have to offer in terms of value and risk. Those who plan to invest in senior minors can look at companies’ balance sheets and income statements to find out what these companies are worth. The situation is different with junior miners where buying silver stock requires looking at charts, the company’s properties, getting to know the management body, and so on. In many of these cases, there is no way of knowing whether a junior miner will make a discovery or not. While some people rely on intuition, the experts’ advice is to gather detailed information. For example, it is good to know that the management body has performed well in exploration or the small mining field. Another factor that hints to professional management is whether it has previously found a profitable mine. With junior miners, investors also look at their cash flow and cash balance.

Although some companies may have developed good projects, high burn rate means that they will have to close operations in a couple of months. This is a likely outcome if the management does not have access to additional financing. The management should be able to respond on the question of how long they can continue operations if things do not go according to plan.silver

Another important issue is whether the property or project they develop has any potential. Of course, you are likely to get estimates and there is no guarantee that the actual quantities of silver will match these. It is possible that the management, financial controllers, and geologists promise more as to attract investors. Exploration is not always possible even if the site has a good potential.

For instance, even if drill results look promising, the region may not be accessible, and the costs to build infrastructure may be too high. Senior mining companies are different in that. Senior miners are more experienced, larger mining companies that own and run existing mines. With mining sites already generating profits, investors find it easier to evaluate the company’s profitability. This comes with fewer surprises and a degree of consistency when it comes to stock prices. Junior miners work differently, having to identify and explore the potential of new mining sites. There is always a risk that exploration will not result in actual discovery. This may be a costly initiative for junior mining sites and their investors. Many junior miners sell their sites to established mining companies to ensure better returns after they begin exploitation. If the company does not have money to open the mine, however, this is a sure sign of financial losses.

Debt Settlement Procedure

According to a fact, when a debtor constantly fails to pay his debt installments, creditors usually prefer to settle the debt or forgive some amount of the debt that one may owe instead of losing all the money owed if the debtor files for bankruptcy. Debt settlement is the process of negotiation carried among the borrower and the lender to lessen the amount of loan.  Debt settlement is usually considered a solution to unpaid debt payments of over a couple of months or an alternative to bankruptcy. money2

Usually, the debt settlement procedure comprises of discussions between the organizations that specialize in debt settlement on part of the borrower and the lender to lessen the total loan to a smaller quantity. Mostly, the lender and borrower decide on a certain percentage of the overall unpaid loan to be forfeited by the lender. But, debt settlement cannot be carried out for all kinds of loans. Uncollateralized loans that are not pledged by real assets like vehicle or a house may not be forfeited. Mostly, debt settlement is carried out by institutions that specialize in debt settlement or legal advisors who help lenders in negotiating debt settlement (https://www.lifeoncredit.ca/getting-out-of-debt-get-a-chance-with-debt-consolidation-loans/). As a compensation for the assistance, these institutions demand large payments in the shape of a fraction of the overall loan or a fraction of the loan money forfeited, plus a beginning registration fee and periodic payments are to be paid by the borrower.

Although debt settlement appears to be the best lawful answer available to past due installments, it is not free from drawbacks. After the settlement of debt it may take a few months or a few years to be approved for unsecured debt such as credit card debt or medical bills. Even after debt settlement takes place, it is reflected in the debt scores thus decreasing the debt standing of the borrower. On the other hand, if the lender promises beforehand to give a ‘paid in full’ letter, debt settlement may not influence the debt score.

Since debt settlement companies usually take money on a monthly basis and put the money in a trust account until a lump sum payment could be made to the creditor, the settlement process may take a few years. During this process the interest and fines may keep on accumulating and the installments may get bigger and bigger. The lenders may also seek professional help to claim the owed money or may prosecute the borrower so as to regain the advanced loan. As the debt settlement institutions demand a lot of compensation for their work and because of the prolonged settlement time, most clients pull out of settlement. After a few years of making payments to the settlement companies, clients may still be in the same position as before since most of the amount saved goes to the settlement companies as service fee.

Exclusive Add-ons and Perks That Go with Capital One Credit Cards

Capital One offers flexible and affordable financial products, including used and new vehicle loans, mortgages, small business and personal accounts, and credit cards. The bank features popular small business and consumer cards with introductory interest rates, unlimited cash rebates, bonus miles, and other added benefits. Requirements and Products Available The bank requires that customers provide […]

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Options for Individual Applicants

BMO offers a wealth of financial products to existing and new customers, including travel and financial planning services, investment vehicles, loans, LOCs, and credit cards. Credit cards are of several types, standard, affinity, and rewards cards with points toward charitable donations, theatre and events tickets, products, and more. Cards with Bonus Points Specialty cards feature […]

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Credit Cards by TD Bank for Effortless Shopping and Brand-Name Merchandise

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Toronto-Dominion features flexible and convenient borrowing solutions designed for commercial clients, small businesses, and individual borrowers. Bank clients choose from credit and debit cards, private client banking, and other services and products. Solutions for Individual Borrowers TD Bank features consumer cards for Canadian residents and newcomers, including rewards and standard cards. Customers redeem their points […]

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Cards with Special Features

Issuers offer prepaid cards as a safe and convenient alternative to department store and standard credit cards. Uses and Types of Cards Prepaid cards are offered to customers with fair and poor credit and serve as a convenient non-credit payment solution. Gift cards are one option to give money to friends, relatives, and family. Prepaid […]

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Premium Benefits of Air Miles

Credit unions, online companies, airlines, and big banks such as Scotiabank and the Bank of Montreal offer airmiles cards to customers. Travel cards are available to existing and new individual customers and businesses. Issuers offer platinum and other specialty cards with benefits such as discounts toward accommodation, hotel upgrades, and others. Specialty cards feature shopping […]

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Scotiabank Credit Cards for Branded Merchandise and Premium Travel

The Bank of Nova Scotia features standard and specialty financial services, total equity plans and loans, mutual funds and high interest savings accounts, and credit cards. Cards come in different versions, including student, low interest, cashback, and others. Cardholder Benefits That Go with Consumer Cards Scotiabank features cards by American Express and Visa and offers […]

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U.S. Dollar Student Cards

Financial institutions feature student cards with a low purchase rate and discounts. Student cards are designed for small and everyday purchases and urgent expenses. Regular payments help students to improve their credit score. Bank Offers Students are offered plenty of choice, from prepaid and secured cards to low cost solutions. Customers are offered multiple benefits, […]

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Canadian Cards to Boost Your Purchasing Power and Reduce the Cost of Purchase

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Options for Individual Customers Financial institutions in Canada accept applications by residents and citizens of the age of majority. Banks are unlikely to approve your application if you have late payments. The interest rate offered depends on your credit rating. The application requirements vary from one bank to another, but rewards cards with many perks […]

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