YourLoan.ca Now Expands Financial FAQ to Help People Navigate in a Complex Financial World

YourLoan.ca adds 40 new articles to its financial FAQ section to help Canadians to make informed and thoughtful decisions in a world of sophisticated products and financial markets.

Toronto (PRWEB) December 21, 2012

Art Branch, Inc., the parent company of YourLoan.ca, announced today the publication of 40 new articles (http://www.yourloan.ca/loan-articles/), intended for people who are interested in learning more about finance.

The articles were created by the content development team at Art Branch, Inc. and published in the financial FAQ section of YourLoan.ca. The section has been popular with visitors of the website since the first articles were published. The new articles were created after extensive research and cover financial topics that visitors of YourLoan.ca are interested in.

“Many Canadians have borrowed large sums of money without thinking of the long-term consequences. The financial FAQ section of YourLoan.ca can help them to understand and manage their finances better,” said John Williams, marketing consultant at Art Branch Inc.

The 40 new articles cover financial topics such as types of mortgages, credit card borrowing, business loans, budgeting, and many others. After the addition of the new articles, the FAQ section includes over 120 financial articles that explain key financial terms and concepts. Financial literacy is important in an increasingly complex financial world. There are more products and options than ever – different types of mortgages and credit cards, investment instruments, bank accounts, and IRAs. The large number of products complicates decision making even further. Moreover, the risk and responsibility for important decisions are shifted to employees and away from employers and government institutions.

Financial education is important in that it empowers consumers to make thoughtful decisions, ultimately promoting economic stability. People who borrow irresponsibly often end up declaring bankruptcy and selling their valuables to pay for groceries. The global financial crisis, recession, and economic turmoil have caused many people to feel a high level of financial anxiety. Financially educated consumers, on the other hand, are more likely to make informed decisions and to challenge financial institutions to create products that have a positive effect on financial wellbeing, economic growth, and investment levels. The financial section of YourLoan.ca covers many financial topics and helps visitors to improve their financial literacy and make responsible choices.

About YourLoan.ca: YourLoan.ca is one of the oldest Canadian financial directories offering finance listings and financial guides since 2005.

About Art Branch: Art Branch, Inc., located in Toronto, Ontario, is the publisher of YourLoan.ca and has produced several consumer oriented websites targeting Canadian and international audience. The goal of Art Branch is to provide visitors to company sites with free, useful guides, helping consumers to make educated choices.

New Calculator From CanadaBanks.net Helps Consumers to Avoid a Post-Holiday Debt Hangover

CanadaBanks.net presents a credit card payment calculator that helps Canadians to make good financial decisions and spend Christmas in a merry fashion.

Toronto, Ontario (PRWEB) December 19, 2012

Art Branch, Inc., the parent company of CanadaBanks.net today announces the re-launch of a credit card payment calculator (http://www.canadabanks.net/Credit-Card-Payment-Calculator.aspx), targeted at Canadian cardholders who are interested in budgeting and controlling credit card debt.

Created by the content development team at Art Branch Inc., the calculator was tested internally and by a group of external users. The idea behind the new calculator is to show Canadians how long it takes to repay credit card debt. This is a relevant issue given that people are constantly bombarded with attractive offers, encouraging them to switch from checks and cash to credit cards with perks and sign-up bonuses. The new calculator helps borrowers to understand the real cost of borrowing on a credit card so that they can decide whether to turn to other, less expensive financial products.

“With Christmas around the corner, Canadians might be tempted to borrow on their credit cards to pay their holiday expenses. People should be aware of the ultimate high costs of credit card borrowing,” said John Williams, marketing consultant at Art Branch, Inc.

The new calculator is a free financial tool that uses the borrower’s monthly payment, amount of credit card debt, and annual percentage rate to determine how long it will take to repay debt. According to Statistics Canada, big Canadian banks such as BMO, TD Bank, and CIBC have recently reported hefty profits while consumer mortgage and credit card debt has increased.

The holidays are just around the corner, and Canadians are spending a fortune on gifts, entertainment, and food. Holiday spending soars, and many people will be left with a post-holiday debt hangover. Shoppers have a lengthy list of gifts to buy and are charging purchases to their credit cards. In times of job insecurity, layoffs, and stagnant wages, some 600,000 households in Canada have a very high level of debt. Household debt has increased by 71 percent while income is up by 12 percent. Christmas is about spending time with family and loved ones and sharing the joyous spirit of the season. With debt piling up, many Canadians are already stressed and emotionally exhausted. The goal of the new financial calculator is to help consumers to make better financial decisions and spend within their means.

About CanadaBanks.net: CanadaBanks.net is an informational resource created by Art Branch, Inc., focused on the Canadian banking industry.

About Art Branch: Art Branch, Inc., located in Toronto, Ontario, is the parent company of CanadaBanks.net and has produced many consumer oriented websites targeting Canadian and international audience. The goal of Art Branch is to provide visitors to company sites with free, practical guides, helping consumers to make educated choices.