Canada economy – Images For Canada http://imagesforcanada.com/ Fri, 14 Jan 2022 01:39:58 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://imagesforcanada.com/wp-content/uploads/2021/06/cropped-icon-32x32.png Canada economy – Images For Canada http://imagesforcanada.com/ 32 32 SHAW: It’s time to heal what ails Canada’s health care systems https://imagesforcanada.com/shaw-its-time-to-heal-what-ails-canadas-health-care-systems/ Fri, 14 Jan 2022 01:39:58 +0000 https://imagesforcanada.com/shaw-its-time-to-heal-what-ails-canadas-health-care-systems/ Breadcrumb Links Columnists Ambulances at the emergency room entrance of Michael Garron Hospital in East York on January 10, 2022. Photo by Jack Boland /Toronto Sun Content of the article The need to reform Canada’s health care systems has long been a hot topic of debate. After all, Canada is an easy target: it has […]]]>

Content of the article

The need to reform Canada’s health care systems has long been a hot topic of debate. After all, Canada is an easy target: it has one of the highest prices among countries with universal healthcare systems in the Organization for Economic Co-operation and Development, but its performance has lagged for years. .

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The effect of the poor performance of Canada’s health care systems on the lives of patients is bad enough, but now the lack of capacity is interfering with the daily lives of all Canadians. Indeed, the (re)reintroduction of the strict public health measures that have been put in place in several provinces in response to the Omicron wave has been justified on several occasions by the lack of capacity of our health systems.

So how can we fix them? On one side of the debate are those who believe that throwing more money at the problem would be a miraculous cure. Unfortunately, several provincial premiers seem to be of this opinion, with their plea to substantially increase the Canada health transfer.

And yet, health care spending in Canada has grown at an average annual rate of more than 7% since 1975, with no better outcomes for patients. In fact, 55% of Canadians believe that the extra money injected over the past decade has had no effect or has actually damaged their health care system. At this point, spending even more taxpayers’ money would simply put our healthcare systems on life support.

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On the other hand, there are those who want to give space to the country’s health systems by expanding the role of entrepreneurs in the delivery of care. Such structural reform could involve encouraging provinces to form more partnerships between public and private institutions, or even letting entrepreneurs run state-funded hospitals.

Now, embracing a greater mix of public and private care would not equate to Americanizing our health care. Allowing and even encouraging entrepreneurs to take over is not a danger to the universality of Canada’s health care systems. On the contrary, as many European countries are well aware, such a change would increase the accessibility of the services that families already pay for through their taxes and would provide greater choice within the public system. As a bonus, expanding the role of entrepreneurs would allow health authorities to make better use of the billions of dollars spent on health care each year.

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We apologize, but this video failed to load.

Involving entrepreneurs in the delivery of health services is the next step towards more efficient systems of which Canadians can be truly proud – systems that encourage innovation and prioritize public-private partnerships rather than always relying on mechanisms of a single-payer system. Taking this step will require political courage and the cooperation of all levels of governance, including unions, professional orders and colleges.

In fact, running a health care system shouldn’t be about politics at all. It is about doing everything possible to guarantee the high quality of care that Canadians have a right to expect, given that 33% of federal and provincial government budgets go directly to their health care system.

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Enough has been said about health reform; it is time to act and catch up with other universal health systems around the world that have already embraced the role of entrepreneurs in the delivery of care. Otherwise, the next generation is doomed to experience the same sorrows we are experiencing today. As we head into the umpteenth wave of COVID-19, the pandemic must be the spur that finally gets us to have the conversation we need to have about fundamental reform of Canada’s health care systems. To do less would be irresponsible.

Maria Lily Shaw is an economist at the Montreal Economic Institute

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Mexican economy faces sluggish 2022 as growth decouples from the United States https://imagesforcanada.com/mexican-economy-faces-sluggish-2022-as-growth-decouples-from-the-united-states/ Tue, 11 Jan 2022 20:33:50 +0000 https://imagesforcanada.com/mexican-economy-faces-sluggish-2022-as-growth-decouples-from-the-united-states/ (Bloomberg) – The Mexican economy is likely to have a tough year in 2022, as its boost to US growth is overtaken by the blows of strict policies and uncertainty over the government’s program. Bank of America Corp. lowered its growth forecast from 2.5% to 1.5%, wrote Tuesday in a note from analysts led by […]]]>

(Bloomberg) – The Mexican economy is likely to have a tough year in 2022, as its boost to US growth is overtaken by the blows of strict policies and uncertainty over the government’s program.

Bank of America Corp. lowered its growth forecast from 2.5% to 1.5%, wrote Tuesday in a note from analysts led by chief economist of Mexico and Canada, Carlos Capistran. Speaking on a video conference afterwards, he said Mexico’s production figures are unlikely to reach pre-pandemic levels until next year.

“Mexico is potentially in a low growth regime,” wrote Capistran. Weak activity data shows that “the rebound from the initial phase of the pandemic is over and activity in Mexico is, if at all, on the way down.”

Latin America’s second-largest economy contracted in the third quarter of 2021, and a poor start from October to December near the year suggests that the contraction was not entirely due to one-off factors like the peak of the Delta variant of Covid-19, wrote Capistran. The bank also reduced its growth estimate for 2021 from 5.8% to 5.2%.

The country has been propelled throughout the pandemic by strong demand from the United States, which has helped businesses reopen and rapidly expand into the manufacturing hub on the northern border.

However, Mexico “now appears to be decoupling from US growth,” wrote Capistran. He argues that the trend can be explained by the contrast between massive spending and lax monetary policy in the United States versus the austerity of President Andres Manuel Lopez Obrador and the eternal warmongering of the Bank of Mexico.

Read more: Mexico’s patchy recovery fueled by the United States leaves many regions behind

External funding has also dried up, investor appetite being sapped by the president’s “state-centric agenda”, Olga Yangol of Crédit Agricole CIB wrote in a note on Tuesday. “Lopez Obrador has shown a tendency to centralize decision-making, which has resulted in institutional erosion and inefficient functioning of government. “

He further frightened investors with state legislation such as an electricity reform bill that aims to increase the market share of the state-owned company. “The president is, as he said, carrying out Mexico’s 4th transformation, and all transformation processes involve change and therefore uncertainty,” wrote Capistran. “The high uncertainty is probably one of the reasons the investment is so low.”

One of Mexico’s best growth opportunities this year is near-shoring – a push to persuade companies moving away from China or wanting simpler supply chains to set up facilities in Mexico, the two analysts said. Neither was particularly bullish, however. Yangol noted that “the government’s state-centric politics risked undermining the opportunity,” while Capistran wrote that this year’s growth is unlikely to change “significantly.”

Weak growth and decoupling with the United States are expected to weigh on the peso, which could weaken from 20.4 per current dollar to 22 by the end of the year, Capistran said on the video call.

© 2022 Bloomberg LP

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ONEUNITED BANK LAUNCHES THE CASHPLEASE LOAN PROGRAM https://imagesforcanada.com/oneunited-bank-launches-the-cashplease-loan-program/ Tue, 11 Jan 2022 13:55:00 +0000 https://imagesforcanada.com/oneunited-bank-launches-the-cashplease-loan-program/ America’s Largest Black-Owned Bank Offers Short-Term Small Dollar Loans Without Credit Checks BOSTON, January 11, 2022 / PRNewswire / – OneUnited Bank, America’s Largest Black-Owned Bank, Presents Cash Pleasea small, short-term loan program to help clients better manage their money. Easy to access, without a credit check, CashPlease allows customers to avoid abusive payday loans […]]]>

America’s Largest Black-Owned Bank Offers Short-Term Small Dollar Loans Without Credit Checks

BOSTON, January 11, 2022 / PRNewswire / – OneUnited Bank, America’s Largest Black-Owned Bank, Presents Cash Pleasea small, short-term loan program to help clients better manage their money. Easy to access, without a credit check, CashPlease allows customers to avoid abusive payday loans and overdraft penalties.

ONEUNITED BANK, AMERICA’S LARGEST BLACK BANK, LAUNCHES CASHPLEASE LOAN PROGRAM OFFERING SHORT-TERM SMALL DOLLAR LOANS WITHOUT CREDIT CHECKS

Millions of consumers endure high cost payday loans every year. They struggle to pay their household bills on time, can incur late fees and experience negative effects on their credit score. With CashPlease, OneUnited Bank checking account customers have access to small, short-term loans to avoid these damaging consequences.

Cash Please® offers the option to apply online 24/7 with loan funds deposited within 4 hours. There is no credit report review. CashPlease offers a repayment option that is easy to automatically deduct from a current account in 3 installments over 3 months. The loans are affordable with reasonable interest rates and fees offering considerable savings over payday loans. Qualifications apply.

“We know better than anyone the expectations of our customers with regard to urgent unforeseen expenses.,“States Teri williams, President & COO. “With the 2 day prepayment and now CashPlease, we continue to use technology to deliver services to better meet the financial needs of our community.”

OneUnited Bankthe largest and first black-owned digital bank in America, strives to make financial literacy a core value of the black community through the #BankBlack and #BuyBlack movement.

For more information visit www.oneunited.com/cashplease.

Media inquiries: Suzan McDowellCircle of One Marketing, suzan@circleofonemarketing.com, 305-576-3790 or 305-490-9145

OneUnited Bank

OneUnited Bank (www.oneunited.com), is the largest (largest customer base) and first black-owned digital bank in America, a Minority Depository Institution (MDI) and Community Development Financial Institution (CDFI), is a ten-time recipient of the US Treasury Department’s Bank Enterprise Award due to its community development loan. Its mission is to be the premier bank serving urban communities by promoting financial literacy and providing affordable financial services.

(PRNewsfoto / OneUnited Bank)

(PRNewsfoto / OneUnited Bank)

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View original content to download multimedia:https://www.prnewswire.com/news-releases/oneunited-bank-launches-cashplease-loan-program-301456583.html

SOURCE OneUnited Bank

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Canadian businesses affected by pandemic call for eleventh hour aid extension https://imagesforcanada.com/canadian-businesses-affected-by-pandemic-call-for-eleventh-hour-aid-extension/ https://imagesforcanada.com/canadian-businesses-affected-by-pandemic-call-for-eleventh-hour-aid-extension/#respond Fri, 23 Jul 2021 05:31:00 +0000 https://imagesforcanada.com/canadian-businesses-affected-by-pandemic-call-for-eleventh-hour-aid-extension/ TORONTO, July 23 (Reuters) – Richard Vanderlubbe, owner of Canadian travel agency Tripcentral.ca, has had to reduce active staff to around 15% of the total workforce and close all physical locations since the start of the pandemic coronavirus, despite the wage subsidy and business loan. As the Canadian economy is gradually reopening, the government is […]]]>

TORONTO, July 23 (Reuters) – Richard Vanderlubbe, owner of Canadian travel agency Tripcentral.ca, has had to reduce active staff to around 15% of the total workforce and close all physical locations since the start of the pandemic coronavirus, despite the wage subsidy and business loan.

As the Canadian economy is gradually reopening, the government is ending these programs. But Vanderlubbe and other companies hardest hit by the pandemic are calling for support to be extended until all restrictions are lifted, warning that breaking the rule could stifle many of them in the eleventh time.

“The subsidies have been a lifeline,” Vanderlubbe said, especially as travel agency revenues evaporated even as staff had to keep working. “The business has to go into more debt or I have to put personal assets in the business… or lose them,” he added.

Although the businesses most affected by the pandemic are mainly linked to tourism, events and leisure, they accounted for less than 5% of the economy in 2020. Yet they employed around 1.5 million of the 18 million people in the world. Canada.

Their struggles stand in stark contrast to much of the rest of the economy, which is rebounding strongly, with employment below 1.8% of pre-pandemic levels and another recovery expected. Read more

“It’s one thing to look at things macro and say it’s not a big impact, but it’s important for individual business owners,” said Ted Mallett, director of economic forecasting at the Conference. Board of Canada.

Nearly 60% of the most affected businesses will not survive if subsidies are not extended until 2021, surveys by the Coalition of Hardest Hit Business (CHHB) have shown.

“The schedule they came up with makes sense for 95% of the economy,” said Susie Grynol, Executive Director of the Hotel Association of Canada (HAC).

But “it does not make sense to invest in companies (the hardest hit) … and then drop them just before the finish line, which could lead to a collapse of the industry,” he said. -she adds.

Already, emergency wage and rent subsidies linked to the pandemic have fallen to 60% of eligible spending this month and are expected to drop to 20% by September. And the business loan program stopped accepting new applications on June 30.

Finance Minister Chrystia Freeland reiterated this week that the government is ready to extend support until the end of November if necessary.

Business lobby groups are calling for programs to remain for the businesses most affected.

“Politicians are understandably impatient to turn the page on this because these programs are very expensive and move on to other items on the agenda,” said CFIB CEO Dan Kelly. “So the momentum … to fix some of the programs seems to have slowed down.”

So far, the government has approved C $ 86 billion ($ 68.4 billion) in wage subsidies and C $ 48.4 billion in business loans, according to official data.

A few billion dollars in additional aid, introduced more recently for hard-hit industries and small businesses, is not enough, the business groups said.

“The number of bankruptcies has started to increase,” said Lori Sterling, senior counsel at the Bennett Jones law firm and former federal deputy minister of labor.

“It’s not huge at this point, but small businesses are predicting there will be a tsunami of bankruptcies,”

($ 1 = 1.2573 Canadian dollars)

Reporting by Nichola Saminather; Additional reporting by Julie Gordon and David Ljunggren; Editing by Denny Thomas and Marguerita Choy

Our Standards: The Thomson Reuters Trust Principles.

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Fighting the spiral of financial obligations of payday loans https://imagesforcanada.com/fighting-the-spiral-of-financial-obligations-of-payday-loans/ https://imagesforcanada.com/fighting-the-spiral-of-financial-obligations-of-payday-loans/#respond Fri, 23 Jul 2021 02:37:59 +0000 https://imagesforcanada.com/fighting-the-spiral-of-financial-obligations-of-payday-loans/ Angliare WA financial adviser Kevan O’Hare, who is at the heart of the problem in the northern suburbs of Perth, said increasing numbers of consumers entering their workplaces were caught in a spiral of financial obligations advances on wages. “I read those who are economically stranded. He works their ways into the payday loan providers, […]]]>

Angliare WA financial adviser Kevan O’Hare, who is at the heart of the problem in the northern suburbs of Perth, said increasing numbers of consumers entering their workplaces were caught in a spiral of financial obligations advances on wages.

“I read those who are economically stranded. He works their ways into the payday loan providers, and then they come to my opinion when they’ve met two, three, four payday loan providers, ”he said.

“It could be anyone. Maybe it was someone with a high paying job that got their financial obligation out of hand, and he may feel that a single mom on the pros at Centrelink is struggling to balance the spending plan. at the end of the week.

“Just about anyone who takes out a payday loan online will see for themselves the period of financial obligation in which they continue to take most payday loans until they can no longer take it out. Do more.”

Mr O’Hare said many of their clients were stressed out about their mortgages, which caused them to try borrowing their financial obligation solution and in some cases also taking out a mortgage to deal with it. to repayments of their mortgage.

“Basically a huge whole a lot of them didn’t have a bigger deposit so they’re really in negative equity right now. They may have lost their jobs and … their income could have been two-thirds profitable under a few circumstances, ”he said.

“They use their bank card, get a stability transfer credit card, simply bring in a debt consolidation loan, and just to meet your daily bills, rely on the payday loan providers without checking your score.”

Mr. O’Hare said his biggest concern was the desired ease of access to this variety of loans through websites and mobile phone apps.

“The very fact that you can easily submit a smartphone cash advance request without a real criminal background check, they quickly spiral out of control,” he said.

Outside Link Datawrapper – development in non-bank loans on the web

A Senate investigation to check the findings

A Senate inquiry into credit and financial services to financially-sensitive Australians was released in December, to analyze the impact on people and communities of solutions provided by organizations such as payday loan providers and customer rental services.

It is expected to deliver its findings on Friday and observe the same SACC investigation in 2016 that issued 24 directives.

They included limiting cash advances or rent refunds to clients to 10% of a client’s net gain, and introducing a limit on leases on top of the base cost of product beds plus interest. of 4% per month.

What Are the Hassles of Payday Advances?

But 3 years after the suggestions are forwarded, the legislation has yet to be passed by Parliament.

The master of Work’s Madeline introduced a member who is a private bill to the House of Representatives on Monday in an attempt to get the government to behave in the bill it released in October 2017.

The Nationwide Credit Services Relationship (NCPA), which represents providers of non-bank loans, supported 22 of 24 boards in the 2016 survey.

However, this would not come back in force to prevent lenders from issuing loans with repayments of well over 10% of the client’s money.

“The elements that we applied in 2013 represent a guaranteed profit amount of 20% [and] responsible lending responsibilities, where people may not be allowed to get that loan if more than 20% of that income is used to pay off that loan, ”NCPA President Rob Bryant said.

“These are caps on the amount that can be billed. In general, there is no spiral of financial obligations that has occurred.

“Yes, it happened before 2010 and 2013, and it will still happen in customer leases as well as other unregulated products and services. ”

Non-bank lenders are tired of being run like pariahs

Bryant challenged the growth of studies that show non-bank funding markets, but well-known companies were now focusing on midsize loans.

Picture Non-bank loan providers attract users with the vow of quick approvals.

“We now have the real, natural information accumulated by the separate Core Information Analytics team, which banking institutions also use, which obviously shows nothing like this absurd amount that has been waved,” he said.

“If they had taken into account the market which is not regulated, because the needs may exist and the unregulated market is developing rapidly, groups identified throughout this Senate investigation are growing.

“There has been a development for the reason that [medium-sized loans] space, yes, and you’re sick of being called an outcast.

“The SACC loan may be the right monster, despite being the most regulated of all credit industries and working really well.

“We think it might be a shame if everyone walks away from it.”

Need a flawless solution

The Buyer Action Legislation Center (CALC) in Melbourne annually receives the services of a large number of indebted men.

Picture Katherine Temple through the Client Action Legislation Center said stronger legislation is recommended in the area.

He said the federal government’s inaction on bringing in tougher legislation for non-bank loan providers continued to cause damage.

“What we’ve noticed in modern times could be the market expanded to become a lot more mainstream, we’ve seen some really nifty ads that target a younger demographic, especially younger males,” said Katherine Temple, responsible for the rules of CALC.

“I have seen some companies switch to moderate financing.

“What we really need is an answer that covers all kinds of marginal funding.

“[Because] what we have seen using these markets over and over is that they are going to exploit loopholes wherever they occur and they are going to transfer to the smaller part of the regulated region.

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Can I get loan approval online without a credit check? https://imagesforcanada.com/can-i-get-loan-approval-online-without-a-credit-check/ https://imagesforcanada.com/can-i-get-loan-approval-online-without-a-credit-check/#respond Thu, 22 Jul 2021 13:17:06 +0000 https://imagesforcanada.com/can-i-get-loan-approval-online-without-a-credit-check/ LOS ANGELES – July 22, 2021 – (Newswire.com) Many lenders perform a credit check when you apply for a loan online to assess your ability to repay the funds. Unfortunately, this can sometimes result in a difficult investigation or in-depth analysis of your payment history, credit usage, and number of active credit accounts. Whenever a […]]]>

LOS ANGELES – July 22, 2021 – (Newswire.com)

Many lenders perform a credit check when you apply for a loan online to assess your ability to repay the funds. Unfortunately, this can sometimes result in a difficult investigation or in-depth analysis of your payment history, credit usage, and number of active credit accounts. Whenever a thorough investigation is done, it enters your credit report and can lower your credit rating by a few points.

It can be difficult to find lenders who offer online loans without credit check. But luckily, many lenders offer loans with less stringent credit checks, more lenient requirements, and a quick application process. These loans can be the right choice if you have poor credit or just want quick financing. Let’s take a closer look at how you can get loan approval online with or without a credit check.

How to qualify for an online loan with or without a credit check

Many online lenders have less stringent credit checks or will only do an informal investigation of your credit report. Unlike a firm credit check, an indirect request will not affect or appear on your credit score.

These lenders often consider other factors when making qualifying decisions. You may need to be prepared to answer questions and provide documentation on one or more of the following:

  • Employment history (pay stubs)
  • Borrowing history
  • Documented credit card debt
  • Bank statements
  • Education records

The lender will ask you to prove that you are financially stable enough to be a good candidate for a loan. Payrolls prove you are working, borrowing history and credit card statements prove you are paying your bills, and bank statements show your spending. Providing this information can help you get approved for a loan if you don’t have the best credit.

Types of Online Loans Without Strict Credit Checks

There are many personal loans for which you can get approved without the need for good credit. Online lenders will often take factors such as those described above into consideration in addition to your credit score when deciding whether or not to approve you. Many people with poor or fair credit turn to these lenders for quick funds to cover their expenses.

Secured loans are another type of loan where you may not need good credit to get approved because they are secured by an asset that you will provide as collateral (like your house or car). . These loans are also known as “credit builder” loans because they can help you increase your credit score.

Secured credit cards fall into the same category. These types of loans are issued by a credit card company with the requirement that you deposit money to cover your available balance.

Another example of an online loan that does not require a perfect credit score is an advance payday loan. Once you reach your next payday, you can either agree to repay the loan or have the lender debit the money directly from your bank account. All you might need for this type of loan is a checking account and a valid paycheck.

The bottom line

There are many legitimate loans for which you can get approved without the need for good credit, whether or not they come with a credit check. From early payday loans to secured loans, there are many loan options that can get you money fast. Best of all, you don’t have to worry about improving your credit score before you apply.

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It’s time to open the border for vaccinated Canadians https://imagesforcanada.com/its-time-to-open-the-border-for-vaccinated-canadians/ https://imagesforcanada.com/its-time-to-open-the-border-for-vaccinated-canadians/#respond Thu, 22 Jul 2021 05:45:29 +0000 https://imagesforcanada.com/its-time-to-open-the-border-for-vaccinated-canadians/ PRESQUE ISLE, Maine (AP) – The Governor of Maine and the congressional delegation believe it is time to open the international border to vaccinated Canadians. Maine is home to several border communities that were disrupted by the closed border during the coronavirus pandemic. The Canadian government has said vaccinated Americans can cross the border starting […]]]>

PRESQUE ISLE, Maine (AP) – The Governor of Maine and the congressional delegation believe it is time to open the international border to vaccinated Canadians.

Maine is home to several border communities that were disrupted by the closed border during the coronavirus pandemic. The Canadian government has said vaccinated Americans can cross the border starting August 9.

The United States government, whatever it is, on Wednesday extended the closure of land borders with Canada and Mexico to non-essential travelers until at least August 21.

Republican Senator Susan Collins, Independent Senator Angus King and Democratic Representatives Chellie Pingree and Jared Golden on Wednesday sent a letter to Homeland Security Secretary Alejandro Mayorkas saying the border closure “is having a negative impact on our local economies and our families, which is why we urge you to develop an immediate plan to allow vaccinated Canadians to resume their trips to the United States. “

Gov. Janet Mills, a Democrat, also said on Wednesday the time was right. Many traditional Maine industries, such as blueberry farming and lobster fishing, are economically tied to Canada, and the shutdown has caused economic hardship in the state.

“The State of Maine is inextricably linked to our Canadian neighbors. Our connections extend across our economy, our culture and our families, ”said Mills. “The decision to extend the border closure on our side only weakens those ties, hurts local economies and separates families, especially in northern and eastern Maine, whose parents in Canada will not be able to get along.” go here to see their loved ones. “

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Claiming your identity: what to do if crooks take out loans on your behalf https://imagesforcanada.com/claiming-your-identity-what-to-do-if-crooks-take-out-loans-on-your-behalf/ https://imagesforcanada.com/claiming-your-identity-what-to-do-if-crooks-take-out-loans-on-your-behalf/#respond Wed, 21 Jul 2021 17:00:00 +0000 https://imagesforcanada.com/claiming-your-identity-what-to-do-if-crooks-take-out-loans-on-your-behalf/ OPINION: From the “you couldn’t make it up” files comes the story of a man who took more than two years to recover his digital identity. The man was sued by a debt collector for a debt he literally had nothing to do with. In 2018, he told the debt collector that they had the […]]]>

OPINION: From the “you couldn’t make it up” files comes the story of a man who took more than two years to recover his digital identity.

The man was sued by a debt collector for a debt he literally had nothing to do with.

In 2018, he told the debt collector that they had the wrong person, showing that he had a different middle name than the debtor and that he had never lived at the address where the actual debtor had accumulated his debts.

For two years, the debt collector ignored him.

READ MORE:
* “Too easy” for crooks, says man whose identity was stolen to open a buy now, pay later loan account
* The exaggerated cost of living in capital comes with a high price for all
* Stop Payday Lender Benefit Deductions, Salvation Army Says

The man complained to the Privacy Commission saying the default debt ruined his credit report so he was struggling to find a place to stay, couldn’t borrow money and suffered from mental health problems.

The Privacy Commission forced the debt collector to admit he was wrong.

He paid the man a “substantial confidential settlement”, thus keeping his bastard behavior a secret and not scaring the banks and finance companies, even government agencies, who paid him to collect their debts.

Wellington electronics developer Neill Bryce had his identity stolen by someone who got credit on his behalf, and his experience can teach us a lot about how people can get their digital identities back when crooks steal them.

KEVIN STENT / Stuff

Wellington electronics developer Neill Bryce had his identity stolen by someone who got credit on his behalf, and his experience can teach us a lot about how people can get their digital identities back when crooks steal them.

The Privacy Commission said the case was a reminder to organizations to keep accurate records.

My lesson to be learned is that companies can have a bewildering disregard for the damage they do to real human beings.

It reminded me of the case of a man I wrote about who suffered five attempts by criminals to take out loans on his behalf. Only one succeeded.

None of the loan companies bothered to track him down to tell him they had identified the identity fraud, and whoever loaned the money on his behalf did not find him after finding out. fraud.

Instead, the lender called Humm actually sent the debt to a debt collector, who had no trouble locating the man.

It was from the debt collector that the man learned of the attempted theft on his behalf.

After all the attempts we have had to pass laws to properly regulate the behavior of lenders and debt collectors, we are obviously still miles from where we need to be.

Taking back control of a stolen or co-opted identity is not easy.

When you find out that someone has impersonated you, the first step is to call one of the three credit bureaus.

These companies – Centrix, Illion, and Equifax – compile credit reports on each of us.

Any lender, no matter how responsible, will check these records when a loan application is made on our behalf.

The victim of identity theft can request a “deletion” on their credit report.

This means that any lender who checks the file will only see a note that the person has been the target of suspected identity theft.

You can find an excellent information sheet on how to remove IDCare, a registered charity helping victims of identity theft.

Then the victim has to learn all they can about how their digital identity has been compromised, which is not easy because lenders don’t want to talk about it.

IDCare is happy to help victims of identity crimes create a personal plan to take back control of their identity.

This means getting documents like their driver’s license reissued and all debts canceled.

Victims should immediately file formal “disputes” with debt collectors and lenders who want the money, warning them that if they don’t act, the victim will call the Trade Commission and other regulators like the Commission for the Protection of Privacy.

Every victim should report to the police, just like the lenders, but clearly they don’t, which is something else that needs to change.

We desperately need a National Identity Theft Action Plan, and we need another review of laws covering lenders and debt collectors to leave them in no doubt about what we expect from it. ‘them.

GOLDEN RULES

  • Insist on your rights
  • Refuse to be defrauded
  • Learn 21st Century Financial Skills


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Hunter Hub for Entrepreneurial Thinking Launches Experience Ventures for Students Across Canada | New https://imagesforcanada.com/hunter-hub-for-entrepreneurial-thinking-launches-experience-ventures-for-students-across-canada-new/ https://imagesforcanada.com/hunter-hub-for-entrepreneurial-thinking-launches-experience-ventures-for-students-across-canada-new/#respond Wed, 21 Jul 2021 15:36:37 +0000 https://imagesforcanada.com/hunter-hub-for-entrepreneurial-thinking-launches-experience-ventures-for-students-across-canada-new/ The Hunter Hub for Entrepreneurial Thinking at UCalgary launched a new national work-integrated learning program, Business Experience. The pilot program runs from summer 2021 to winter 2022 with 10 post-secondary partners across the country. The program enables college and university students to make an impact alongside change makers and entrepreneurs through innovative experiences with growing […]]]>

The Hunter Hub for Entrepreneurial Thinking at UCalgary launched a new national work-integrated learning program, Business Experience.

The pilot program runs from summer 2021 to winter 2022 with 10 post-secondary partners across the country. The program enables college and university students to make an impact alongside change makers and entrepreneurs through innovative experiences with growing businesses.

“Entrepreneurial thinking is essential to enriching lives and advancing prosperity in Canada,” said Keri Damen, CEO of the Hunter Hub. “Our goal is to foster and strengthen entrepreneurship among students across Canada to develop the next generation of talent who will build our future. We are excited to create opportunities for students to connect with innovators in our country.

Support for innovative students

Seeing a gap between post-secondary talent and the local ecosystem, the Hunter Hub developed the program – funded in part by the Government of Canada’s Innovative Workplace Learning Initiative – in which post-secondary incubators across the country can access bright and enthusiastic talent. to carry out game-changing projects.

The Experience Ventures initiative is based on three key pillars, benefiting students as well as businesses:

  • Be prepared for the future. Students hone their entrepreneurial thinking skills, gain experience and contribute to new technologies, and encourage and apply digital skills, while working alongside real-world innovators.
  • Make an impact. New businesses are energized by the next generation of talent, to innovate across disciplines to amplify impact and design the future by working on cutting-edge projects.
  • Building innovation networks. Experience Ventures develops multidimensional innovation networks between students and the innovation community, bridging the school and the new world of work.

“The University of Calgary is realizing its vision to be the most entrepreneurial university in Canada through innovation initiatives such as Experience Ventures,” said UCalgary President Ed McCauley. “The Hunter Hub is a key hub for innovation activity at UCalgary and beyond, impacting students across Canada and bringing UCalgary entrepreneurial thinking to the forefront of the Canadian economy. innovation. “

Helping students seize their future

Students gain invaluable professional skills in a number of opportunities with real impact, with flexible internships across the country including hack-a-thons, project-based work-integrated learning placements and interdisciplinary, student-in-residence internships, challenges, etc. . The aim is to inspire creativity, resilience and future vision in students, so that they can seize their future with the right skills.

For startups and social enterprises, identifying the right talent and the right mindset is a priority. Experience Ventures works with companies to create entrepreneurial thinking internships for top-ranked college and university students.

“Young Canadians can often face challenges during the transition from school to work, and these have only increased during the COVID-19 pandemic,” said Carla Qualtrough, Minister of ‘Employment, Workforce Development and Inclusion of People with Disabilities. “Now more than ever, it is important to encourage inclusive access to the education, relationships and experiences that prepare all Canadians for successful careers. As a leader in innovative work-integrated learning, the University of Calgary’s Hunter Hub for Entrepreneurial Thinking will help Canadian students gain the relevant and real work experience they need to enter the market. work.

How it works

Students apply for an Entrepreneurial Thinking Internship facilitated by their post-secondary institution, through Experience Ventures, from summer 2021 to winter 2022. Companies then provide in-kind support, such as time, space or money. expertise. Companies benefit from having students work on projects for free, while students are paid for their time through Experience Ventures at their post-secondary institution.

Students and companies go through an onboarding process and participate in one of five types of entrepreneurial thinking internships. Upon completion of the internship, students and companies assess their experiences to allow the program to continue to better serve both parties during future internships across Canada.

“Experience Ventures helps our students in the Toronto and York region become the change makers of the future,” said David Kwok, associate director of entrepreneurship at York University. “We are proud to partner with the Hunter Hub for Entrepreneurial Thinking to support the exciting work schools are doing to connect innovative businesses and talented students at colleges and universities in our region and from coast to coast to coast. ‘other.

To find out more, visit experienceventures.ca.

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Payday Advances: Alternatives and Why You Should Avoid Them https://imagesforcanada.com/payday-advances-alternatives-and-why-you-should-avoid-them/ https://imagesforcanada.com/payday-advances-alternatives-and-why-you-should-avoid-them/#respond Wed, 21 Jul 2021 12:57:02 +0000 https://imagesforcanada.com/payday-advances-alternatives-and-why-you-should-avoid-them/ Payday Advances: Alternatives and Why You Should Avoid Them The problem with payday loans and what you can do If you’re struggling to make ends meet, it can be extremely stressful. You will likely need to find almost any solution that can help you spend your bills and meet your bills. One choice that will […]]]>

Payday Advances: Alternatives and Why You Should Avoid Them

The problem with payday loans and what you can do

If you’re struggling to make ends meet, it can be extremely stressful. You will likely need to find almost any solution that can help you spend your bills and meet your bills. One choice that will seem very attractive to many people is a payday loan.

A cash advance is a short term loan that is definitely designed to “get a payday”. These loans are generally fairly straightforward to obtain. More often than not, you won’t need to do a credit check to get one, and you certainly won’t have to wait long for your hard-earned money. In most cases, all a payday lender will need to see is proof that you are of the correct age and that you are used to it. Plus, payday lenders are very easy to find. In a few metropolitan areas, you can spot one on almost every block. The ease of a cash advance makes it a good idea when you are feeling a financial crisis.

But, payday advances can be extremely dangerous. Many people who take out a payday loan online quickly find themselves in serious financial difficulty.

Why payday loans are dangerous

The main reason that payday loans often trigger difficulties is that they don’t really solve your economic dilemmas. At best, they simply delay them, and at worst, they put you in even more debt.

Unfortunately, the truth is that many people who take out a payday loan online have to struggle to pay it off over time. These loans are incredibly short term, usually a day or two in total. Since you might have the most effective reasons once you delete the mortgage, and you will more than likely decide to do your best to pay it off on time, these reasons are not always practical. It is difficult to get the money you will need in just fourteen days.

If you want to borrow money quickly to get to payday, chances are you’ve been hit by an unexpected expense that you can’t handle. Needless to say, you might even be spending more money than you earn when you leave. In a choice of situation, the very fact remains that you need help because you don’t have any type of crisis fund. Life is definitely unpredictable. Even if you budget very carefully and do whatever it takes to make yourself feel at home within your means, one thing could constantly pop up that derail you. And, it’s likely to happen again at some point in the future if it happens once. A quick payday loan does not solve this example.

Many people who have a quick payday loan find themselves unable to repay it over time. Many Canadians do not have adequate savings in an emergency and many people reside in Canada. So it will be extremely difficult to pay off a payday loan fast over time without hurting yourself economically.

Be honest with yourself before taking out a payday loan online. In the event that you don’t have the money now to fund your expenses, will you likely have it in two weeks? Yes, you will be compensated at that time, but since you have no savings, you probably live. This means that there is a good chance that you will need the income from your next check to cover other costs. Where is the money obtained by you to settle the payday loan? And, if you could possibly spend the loan over time, exactly how are you going to spend the money to sleep spending in the years to come?

While a payday lender just isn’t able to provide you with another loan to end up in a “revolving door” of debt until you’ve paid off the first loan, that doesn’t stop you. . You might be tempted to go to another lender – and maybe even another payday lender – for another loan if you can’t pay off your loan on time. When you do, it could make your financial obligation problem worse. Now you will have two loans to settle.

Even if you have no savings and you are alive, how long before you need another loan to make ends meet if you pay off your loan on time?



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