An audit of purchasing practices in Heritage Minister Pablo Rodriguez’s department has found there is no governance committee that “actively provide[s] guidance and oversight over procurement activities.” This and other findings are the result of an audit conducted by the internal audit function of the Department of Canadian Heritage (PCH), which were compiled in the…
No Governance Committee Actively Monitoring Procurement Activities at Heritage Department: Audit Report
Saved by My Credit Card
Have I got a story for you, and when I say “you,” I refer primarily to my readers who are having a difficult time understanding why I do not use a debit card. I am careful to always pay with a credit card when making a large purchase, when I order something online or put…
US Consumers Falling Behind on Loans, With Credit Card Payments to Reach 13-Year High in 2023: Report
American consumers are expected to fall behind on their personal loan and credit card payments next year at the highest rate in over 10 years, consumer credit reporting agency TransUnion has warned. Credit card delinquency rates have generally remained near pre-pandemic levels, according to TransUnion, but this is expected to see a pronounced change in 2023. According to TransUnion’s 2023…
How Credit Can Beat Buy Now, Pay Later
At first glance, a “buy now, pay later” plan’s promise of no interest or upfront fees can seem more appealing than a credit card’s terms. Dividing a transaction into, say, a pay-in-four installment plan sounds straightforward and manageable. Unlike credit cards, though, these plans lack certain consumer protections and are sometimes unpredictable. In this way,…
Credit Card Tips and Tricks
There’s no doubt that credit cards are convenient. They’re compact, easy to carry and work just about anywhere. And that’s the problem. What seems like no big deal on a daily basis can add up to one whopping surprise at the end of the month. In the event you have fallen into a mind-numbing “coma”…
Most Canadians Would Stop Using Credit Cards at Businesses That Charge Additional Fees: Survey
Amid rising prices on everything from home heating and gas to food and other necessities, a new survey suggests most Canadians would stop using credit cards at businesses that charge an additional processing fee. The non-profit Angus Reid Institute asked 2,774 credit card holders if a new credit card surcharge of 1.5 percent would change…
6 Ways to Boost Your Credit Card Rewards This Holiday Season
Get your wallet ready—it’s that time again with the holidays right around the corner. An estimated 91 percent of Americans will celebrate in some form this holiday season, a November report from the National Retail Federation shows. And for most people, celebration means spending. According to a September study by the Deloitte Center for Industry…
Store-Branded Credit Cards Come With Expensive Catches
By Steve Rosen From Tribune Content Agency You’ve heard the checkout line pitch a million times: “Are you interested in applying for our store credit card? You get half off today’s purchase and earn rewards points for future purchases. Sign up right now at the register.” Sounds enticing this time of year, especially to young…
Do You Really Need a Retail Credit Card with a Very High Interest Rate?
Credit cards make it easy to buy the things you want without carrying cash around. As long as you are in the introductory period, there is no problem. But when the high interest rate kicks in and you have a balance, it can be hard to reduce your debt. New Interest Rates Higher Than Ever…
Household Debt Sees Biggest Jump In 15 Years As Americans Rely More On Credit Amid Soaring Inflation
November 15, 2022
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American households saw their debt jump the most in 15 years in the third quarter, due to a surge in credit card use and mortgage balances. Debt accumulated during that period shot up by $351 billion for the largest quarterly increase since 2007, according to the Federal Reserve Bank of New York on Nov. 15….
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