Global News reports that TD will start charging compound interest on all its branded personal credit cards.
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It’s ever more important for consumers to be vigilant of the cost of borrowing and how the utilization of credit can impact an overall budget, including the real cost of purchases over time. This is especially important for Canadians already facing difficulties managing their finances or having an unexpected change to their income levels.
If you or someone you know wishes to learn more or to seek support, contact one of our accredited members and certified counsellors. You can find a listing here.