culture
Is there a statute of limitation on a personal loan?
The Limitations Act of Alberta states that a creditor cannot seek a judgment or order against you unless they do so within: 2 years after they first knew ...
Feb 07, 2026 2 Views
Topics: Culture
culture
Is it illegal to take out a loan and not pay it back?
It’s illegal to lend money without a licence, but it’s not illegal to borrow money from a loan shark. You don’t have to pay the money back. If the money w...
Feb 07, 2026 0 Views
culture
Is it against the law to sell a car on finance?
However, selling a car with outstanding finance without telling the buyer is illegal. Until the finance is settled (i.e. until you reach the end of the fi...
Feb 07, 2026 1 Views
culture
How many college students get FAFSA?
Almost 18 million students file the Free Application for Federal Student Aid (FAFSA) each year. The following are FAFSA Application Statistics, including ...
Feb 07, 2026 1 Views
culture
What is it called when you borrow money over an extended amount of time?
Amortized loans are generally paid off over an extended period of time, with equal amounts paid for each payment period. However, there is always the opti...
Feb 07, 2026 0 Views
culture
Can a loan modification remove a borrower?
Lenders are reluctant to remove a borrower from a mortgage, especially during a loan modification. The need to modify a mortgage signals little to no equi...
Feb 07, 2026 1 Views
culture
Is a 30yr mortgage bad?
The main reason to avoid a 30-year mortgage is because it’s costly. You’ll typically pay more than twice as much in interest over the life of the loan wit...
Feb 07, 2026 1 Views
culture
What document is proof of car insurance?
Proof of insurance can be in the form of an insurance ID card or other document from your insurance company. To meet the proof of insurance requirements, ...
Feb 07, 2026 1 Views
culture
What is a buyers agent in real estate?
A buyer’s agent is committed to representing you. Both agents can set up house tours, but unlike the listing agent who represents the seller, a buyer’s ag...
Feb 07, 2026 1 Views
culture
Is there a mortgage ETF?
Mortgage Backed Securities ETFs invest in the MBS market. MBS are based on mortgage payments on commercial and residential real estate properties, and can...
Feb 07, 2026 1 Views
