Read our articles featuring information on personal debt from Tribecca Finance Corporation, your trusted alternative lending institution.
Recent statistics have shown that credit card debt reached a two-year peak at the end of the last year, and that the average credit card debt across Canada was roughly $3,700, up over 3% from the year before. Although they are a luxury and a great backup plan in case of emergency, many Canadians find [...]
If you are looking into building your own house, you are probably excited to start living in your dream home. Most people build a home so that they can raise a family in a comfortable and beautiful environment. However, in today’s economy, construction costs can be daunting for many potential home builders. To pay [...]
If you have opted for a consumer proposal, you know how restrictive it can be financially. When looking for a loan to help pay off your consumer proposal, you will generally not have access to traditional loans. This can make it difficult to manage financially throughout the period in which you are making the payments [...]
Declaring bankruptcy is a very difficult decision for an individual. It affects far more than just your credit rating. As an alternative to declaring bankruptcy, many Canadians turn to consumer proposals to deal with their debts, and help rebuild credit. A consumer proposal is when an individual enters into an agreement with their creditors to [...]
The U.S. crisis of last decade brought about sweeping changes to the lending landscape, and forever changed the way that the lending of money was carried out. Over-zealous banking and large lines of credit lead to debt crisis that hurt our economy dearly. Since then, regulations have changed, and become more complex, regulated, and monitored. [...]
Being turned down by the bank for a loan isn’t the greatest feeling in the world to say the least, but it’s important to remember that new, stricter regulations have made lending institutions wary of loaning out money and that you have other options to turn to. If you need cash for personal use or [...]
At Tribecca Finance Corp. we consider ourselves to be a “common sense” lender. By this we mean that we take your loan application and judge it based on its own merits. We determine what you are capable of affording and honestly repaying, and how we can best serve your financial goals. A problem that is [...]