Banks' losses on loans to businesses will get much worse than investors expect within the next six months. With first-quarter results due out in the coming weeks, investors should focus more on long-term credit deterioration at banks than one period's potential profits. Losses from commercial loans are just starting to accelerate, and that large banks are particularly exposed to these large loans. A wave of losses in business loans would follow the increasing deterioration in residential mortgages and consumer loans.

The RBC Visa Infinite Avion card is an travel rewards credit card that caters to your travel needs. Its benefits include:

-RBC Rewards® points for flights on any airline.

-No blackout periods, seating restrictions or points expiry.

-25% more RBC Rewards points on travel purchases using RBC® Visa Infinite* Avion® card.

-Travel insurances such as out-of-country/province emergency medical insurance

-concierge service and access to dining privileges.

-2,500 bonus RBC Rewards points each year on renewal

-Earn 1 RBC Rewards point for every dollar spent on the card

-Redeem points for other travel rewards, merchandise, gift certificate/cards and more.

-Chip and PIN technology for additional security for your credit card.

Student loans are government-funded repayable financial assistance. This student loan for education financing is intended to help students finance their post-secondary education. Your eligibility for student financing is determined by a standard test developed by the federal and provincial governments. The government subsidizes the interest on your loan when you are ful time student.

To obtain a Student loan, apply directly to the government assistance provider in British Columbia. This is a one-stop process that considers you for federal and provincial loans for students. To receive a student loan or to establish interest-free student loan status, you must maintain the required course load.

Student Loan Applicants must be Canadian citizens or permanent residents (landed immigrants) and residency in British Columbia must be established according to federal-provincial criteria.

Getting post-secondary education at UFV (UCFV) in Abbotsford BC requires a considerable financial investment. students should have a plan for financing their education, on both a short-term and long-term basis. If you need a student loan to pay for your studies at UFV in Abbotsford a little planning can go a long way.

Every year, millions of dollars in federal and provincial loans, grants, bursaries, scholarships, and awards are given to UFV students through Financial Aid and Awards at Univesity of Fraser Valley.

Contact UFV Financial Aid and Awards for more info on student loans in Abbotsford or other ways of financing your education. Following are the contact numbers:

Abbotsford campus
33844 King Road,
Abbotsford, B.C. V2S 7M8
Phone: (604) 864-4601

Chilliwack campus
45635 Yale Road,
Chilliwack, B.C. V2P 6T4
Phone: (604) 702-2618


Mission campus at Heritage Park Centre
By appointment.
33700 Prentis Avenue, Box 1000
Mission, B.C. V2V 7B1
Phone: (604) 820-6000

Personal bankruptcy filings in Canada rose 2.9 percent on a monthly basis in January from December to 10,208, the federal according to overseer in Ottawa. On annual basis, that represents a 12-month increase of 15.8 percent for a total of 17,704 bankruptcy claims during the period. Business bankruptcy filings were up 2.5 percent on a month-to-month basis to 567.

Many people live paycheque to paycheque. And once that source of income disappears because of layoffs, those people are pushed over the edge into bankruptcy.

In another indicator of the recession's bite, Statistics Canada reported Tuesday that 560,400 Canadians were getting regular employment insurance benefits in January, 104,000 more or 22.8 per cent more than 11 months earlier and 23,700 more than in December.

As unemployment rates rise and the recession deepens, more Canadians are being forced to file for bankruptcy as a last resort. New figures released Tuesday show consumer bankruptcies rose 21.7 per cent year-over-year in January.

BC Bankruptcies rising at alarming rate.

Home foreclosures, lost jobs, overloaded credit cards and rising unemployment are all hitting Canadians as the global economic crisis takes its toll.

A total of 792 bankruptcies in B.C. were filed in January, up by 47 per cent from the same month a year ago, the Office of the Superintendent of Bankruptcy is reporting. Individuals claimed 767 bankruptcies in B.C. during the period, with businesses accounting for only 25 bankruptcies in B.C.

Many people live paycheque to paycheque. And once that source of income disappears because of layoffs, those people are pushed over the edge into bankruptcy.

Buying a used car with a loan?

Cash strapped buyer in these tough time may consider buying a used car instead of buying a new car. If you are thinking of buying a used car with a car loan, think again. Crunch your numbers, get quotes for interest rates and terms of the used car loan and compare with whats available in the new car market and compare the terms of the used car loan against the terms and interest rates of a new car loan. You may be in for a surprise.

New-car sales are at historic lows and desperate dealers are offering tons of rebates and incentives so prices are plummeting. At the same time, demand is up for used cars and their values are rising. Used cars still generally cost less than new but a mix of drastic price cuts, rebates and finance incentives is narrowing the gap. Especially if you consider the high cost of used car loans.

Used car loan interest can be up to 9% higher than the new car loans in some cases. (You can get most domestic new cars for 0% interest). If you calculate that interest payment you can get close to buying a new car with same monthly payment of a used car with a high interest loan.

Think about it. Do you math. Save your $$$..

Student Loan break from Sallie Mae:

The Smart Option Student Loan will be available for classes that start after June 1, 2009. Sallie Mae recommends students join rewards programs to accumulate points on everyday purchases to help defer the cost of their education.

Smart Option Student Loan, is designed to save students $$$. The student can repay the loan nine years earlier than other existing student loans. According to Sallie Mae’s Web site, this loan is for students who still need funds after they have received grants, scholarships and federal loans.

Under the new program, students will make interest-only payments on the student loan while in school, so students avoid negative amortization and finish school with substantially less student loan debt load.

Sallie Mae’s new loan program comes as many banks and loan outfits have drastically reduced lending as a result of the ongoing economic recession in the United States.

Consolidating loans with high interest can save you money if you do it right.

If you’re carry a load of debt at high interest rates, consolidating is one way to save money and get out of debt faster. There are two ways to consolidate a loan, either with credit card balance transfers or home equity loans.

Transferring balances from high-interest credit cards to a lower-interest credit card can save hundreds of dollars a month on finance charges without much effort. You must have good credit record as most credit card companies only negotiate credit card interest rates with individuals with good credit history. Those carrying high credit card balances often have low credit scores and cannot qualify for the best rates on credit card balance transfers. in most cases best rates are offered by credit card companies only for a short introductory period.

Those carrying considerable debt may have difficulty using balance transfers to consolidate it all. if you cant use the credit card balance transfer option due to high debt load, a home equity loan may be a more practical option for you. You must have enough equity in your home to cover the outstanding balances. Home equity loans are usually at lower rates than credit cards. So you save additional $$$ on interest rate. If you default on a home equity loan, you could lose your home on the other hand if you default on your credit cards the only thing you lose is your credit record.

If you decide to consolidate your debt, make sure you don't get into the same debt again n those high interest credit cards because you consolidation is not the solution to borrow and spend habits.