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Sandra MacGregor

Sandra MacGregor

Sandra MacGregor is a freelance writer who has been covering personal finance, investing and credit cards for over a decade. Her work has appeared in a variety of publications like the New York Times, the UK Telegraph, the Washington Post, Forbes.com and the Toronto Star. You can follow her on Twitter at @MacgregorWrites.

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Personal Line of Credit vs Home Equity Loan: How to Choose

A personal line of credit is a type of revolving credit that works similarly to a credit card, and a home equity loan is a lump-sum loan for homeowners.

Business Loan vs Personal Loan: How to Choose

A personal loan offers funds for a variety of uses, while a business loan must be used for business-specific expenses. Both can be secured or unsecured, with fixed and variable interest rate options.

4 Beginner Credit Card Mistakes (And How to Fix Them)

If you’re a new credit card user, or perhaps just branching out into the world of credit card rewards, be on the lookout for these costly-but-common mistakes.

6 Things That Are Free With the Right Credit Card

Many credit cards offer valuable benefits — like travel insurance and extended warranties — at no extra charge to you.

Happy young Hispanic mother and girl meditating on the couch, smiling with closed eyes after checking the personal loan rate to pay for the home reno.

Personal Loan Rates in Canada

Personal loan interest rates can be either fixed or variable. Your rate depends on factors like your income, credit score, term, type of loan and more.

Young woman sitting on the sofa, checking her finances on the phone app., comparing the total cost for a personal loan vs. a line of credit.

Personal Loan vs. Line of Credit: How to Choose

The difference between a line of credit and a loan is that a loan is borrowed as a lump sum, while a line of credit can be used and repaid on an ongoing basis.

Millennial married couple reading about unsecured personal loans together.

What is an Unsecured Personal Loan?

An unsecured personal loan doesn’t require collateral and typically has a faster approval process. However, it may come with higher interest rates.

A young millennial woman reads the paper hardcopy of the personal loan agreement and checks information online using a laptop.

What Is a Personal Loan?

A personal loan allows you to borrow money from a bank, credit union or alternative lender. The loan accrues interest and has a set repayment schedule.

Do You Need a Safe Deposit Box?

A safe deposit box, sometimes referred to as a safety deposit box, is a small storage container stored in a bank's safe. People often rent safe deposit boxes to protect important documents or belongings.

How to Read a Cheque

Know how to read a cheque so that you can find and verify your personal information, cheque amount, and transit, institution, routing and account numbers.

How to Choose a Secured Credit Card

Choosing a secured card that reports to Canadian credit bureaus is crucial to getting the most value out of these credit-building products.

Exchanging Canadian Currency: How to Find the Best Rates

A currency exchange can help you turn Canadian dollars into foreign currencies. Understanding how to get the best currency exchange rates can save you time and money.

Self-Directed RRSPs: What to Know

A self-directed RRSP, or SDRSP, gives you more control over your retirement savings by allowing you to invest in multiple assets within a single plan.

How Car Loans Work in Canada

A car loan is a way to purchase a new or used vehicle when you lack the cash to buy it outright. Car loans are available from banks and credit unions, as well as online lenders.

How Business Loans Work in Canada

A business loan can help you maintain or grow your company. Common business loan options include startup financing, commercial real estate loans and equipment financing loans.

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