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From Setback to Comeback: Smart Loan Options and Credit Repair for Canadians

Bad credit can feel like a locked door in your financial life, but it doesn’t have to stay that way. In Canada, there are practical steps you can take to access funding while rebuilding your credit score. 1. Explore the Right Loan Options Even with a low score, you may qualify for: Debt consolidation loans – Combine multiple high-interest debts into one lower-interest payment, making it easier to manage and potentially saving you money on interest. Secured loans – Use collateral, such as a vehicle, to reduce lender risk and improve your approval odds. Alternative lenders – Some focus more on your income and repayment ability than your credit history. 2. Improve Your Credit Score Over Time Pay bills on time – Payment history is the single biggest factor in your score. Lower your credit utilization – Aim to use less than 30% of your available credit. Avoid unnecessary credit applications – Too many hard inquiries can hurt your score. Make extra payments when possibl...
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Stock Markets Today: October 4, 2023 . How Wall Street bounced back from a slump


                                

Wall Street recovered some of its losses on Wednesday, thanks to easing bond yields and lower oil prices. The S&P 500 rose 0.8%, after hitting a four-month low on Tuesday. The Dow Jones Industrial Average gained 0.4%, while the Nasdaq composite outperformed with a 1.4% increase. Stocks have been under pressure from soaring Treasury yields, which make borrowing more expensive and reduce the appeal of stocks. The yield on the 10-year Treasury fell to 4.73% from 4.80% on Tuesday, following reports of weaker-than-expected hiring and slower growth in the services sector. These reports suggested that the U.S. economy may be cooling down, which could ease inflation fears and persuade the Federal Reserve to be more cautious with interest rate hikes. The Fed has already raised its main interest rate to the highest level since 2001, and signaled that it may keep it higher next year than previously anticipated.

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