Posts Tagged ‘credit card’
April 30th, 2011 | 
Author: Most customers want to use their refund to pay debt or invest, according to a survey of BMO Harris Private Banking.
Thus, 56% of Canadians want their refund or use to pay bills and credit card balances, or to invest.
Men are more likely than women to take their refund to invest in a registered retirement savings plans. In all, 24% of the former have this intention, compared to 17% of the latter.
According to the survey, 9% of survey respondents use their refund to travel and acquire hobby, while a similar proportion use the money for home improvements. “According to the Canada Revenue Agency, the average tax refund has exceeded $ 1 400 for the 2008 tax year,” said BMO in a statement.
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Posted in Investment Strategies | 
Tags: banking, capital gains, credit card, customers, Invest, refund, Savings Plans | 
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Only half of Quebecers consistently repay their entire credit card balance according to a CROP survey conducted on behalf of JeComprends.ca.
In fact, over one third of survey respondents have not used any pay each month. While 12% say they never repay all their debts on their credit cards, 20% said they rarely do.
If Quebecers who quickly repay their credit card balances are cutting borrowing costs, there are still negative consequences.
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Posted in Investment News |
Tags: Balance, borrowing costs, consumer, Credit, credit card, payment |
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Financial debt is something that many adults face after they have graduated from school. Once you attend college.you may be discouraged to find that you owe thousands of dollars and you haven’t even started to work! Even if you don’t attend college there are many ways that financial debt can sneak up on you.
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