Pros & Cons of Debt Consolidation: Is It Right for You?
By Jason Williams, Personal Finance Editor at Loanspot.ca · Published October 2025 · Last updated June 2026 Is debt consolidation the right move for you? Debt consolidation rolls several debts into one monthly payment, ideally at a lower interest rate. The main pros are simpler payments, lower interest, and faster payoff; the main cons are […]
What Are Microloans? How They Work and the Risks
Microloans explained for Canada: what they are, how microloans work, the types and lenders available, the risks, and how they compare to payday and personal loans.
Interest Rates in Canada: How They Work and Affect Loans
Understand interest rates in Canada: what they are, fixed vs variable, APR vs rate, what determines the rate you get, and how higher rates affect your loan payments.
How to Get Approved for a Mortgage in Canada: Step-by-Step
By Jason Williams, Personal Finance Editor at Loanspot.ca · Published March 2024 · Last updated June 2026 Want to get approved for a mortgage in Canada? Lenders mainly weigh three things: your credit, your income relative to your debts, and your down payment. Strengthen all three, get pre-approved before you shop, and pass the federal […]
How to Increase Your Credit Score in Canada (2026)
How to increase your credit score in Canada: 7 proven steps including on-time payments, lower credit utilization, fixing report errors, and building a healthy credit mix.