Borrowing in Montreal When You Have a Low Credit Score

old-montrealBeing able to borrow has always been an important thing to many people. People make their life plans based on their ability to borrow money from banks and other financial institutions. Even though loans come at a cost, people often get to achieve their dreams by using them. Given the importance that such loans have, you will find that a lot of people will be very careful so as to ensure that they remain in the good books of lenders.

At times, however, things happen in your life and you might find yourself on the wrong side of the queue when it comes to getting credit from credit card companies and banks. Though this is a bad thing, you shouldn’t despair as you can turn things around in a pretty short time. Below are some of the ways that you can follow so as to get some loan if you have a low credit score rating (

Options to consider in Montreal to access loans when you have low credit rating

  • Credit cards for bad credit – If you have ever defaulted in repaying a loan or a credit card (, you will most likely find yourself turned down by lenders. This means that you will not be able to access low-interest loans and 0% standard credit cards. However, there are credit cards designed for people with low credit ratings. These cards cost a little bit more than the normal cards. The good thing about them is that if you regularly use your card and make prompt repayments, you improve your credit rating and in a few months, you could find yourself eligible to acquire a mainstream lender’s low-interest credit card.
  • Payday loans – These are quite popular among Montreal workers. It is a kind of a loan that you get but usually payable on your next payday or until you have funds in your checking account. Say, you don’t have access to a loan and you really need some cash. You can approach some payday lender and agree on the interest rate and the payment date among other rules. The interest rates are usually higher than on credit loans or normal loans. If the lender agrees to lend you the money, you are supposed to write a cheque for the same amount plus the interest charged and any other expense.
  • High-interest loans – Lenders judge their customers’ according to their ability to repay loans. If you have in the past proven to have a hard time paying a loan, the lender will rather than forthrightly deny you a credit card or a loan, offer you a high interest loan. This type of a loan can be a good indicator as to your willingness to redeem your good name.
  • HELOC –This kind of credit exists when a lender agrees to lend a maximum loan to a borrower for a certain term usually between 5 and 25 years. The borrower, however, provides equity as collateral. This type of credit is similar to a second mortgage. The major difference between these kinds of loans from the conventional ones is that the borrower does not get the whole amount loaned upfront. They access no more than the credit limit through a credit line; very similar to the way a credit card works.
  • Borrowing from friends and family –When all other channels have failed, you can always turn to your family and friends. This is definitely a good thing. People find their source in family loans.

Being blacklisted or having your credit card score rated low is not the end of the journey. It should serve as a wake-up call for you to reorganize your finances and in a few years, you will be back to where you were. You just need patience and a lot of discipline.

Montreal Lost Rivers – History of Montreal Rivers That Disappeared

riverMontreal or ‘City of Mary’ as it used to be called in earlier years is full of amazing tales to those who live in it and those interested in its history. It is among the largest cities in North America and it’s the largest in the Province of Quebec. Montreal’s history goes way back to when there was virtually no person living in a majority of other cities in Canada. One of the things that make the city stand out is its ‘Lost Rivers’.

In the early maps of the island, experts then included some creeks that one might wonder whether they were worth including in the maps. This was in the early 1800’s when the population of the city was a mere 9,000 people. By 1820, the new maps that were emerging were conspicuously omitting a majority of the creeks. By this time, the city had grown to 18,000. The disappearing creeks can now be concluded were overland streams and rivers which with time went underground.

The lost Rivers

Many of the rivers which existed in the 1800s in the city of Montreal have disappeared. However, a good number of them are well entombed under the now vibrant city. Interestingly, while these rivers can be purported to have disappeared from the face of the earth, this is not really the case. In fact, a majority if not all of the said rivers are made of concrete and stone. The story behind their being underground however is the interesting part and not how they came to be under there.

The waterways that existed in the 1700s and the 1800s can be quite intriguing when compared to how the city looks like today. Older maps show streams flowing naturally to a certain direction and then a few years later, the sewerage systems distorts the whole hydrology of the island to show streams flowing another direction. It is hard, therefore, to accurately tell what flowed where and when.

For a clearer picture of how the city looked like those many years back, you should visit the Montreal City Planning Department where you will get a map of the city before it was covered with skyscrapers. However, some parts of the map might seem too complex while others might seem just too basic. All in all, the map is quite accurate given that buildings are built based on its accuracy.

The underground waterway network of Montreal Island is complex, to say the least. There are rivers that existed and which no longer exist; at least overland. They thrive under the city’s underground which was either created naturally or by man. Consider Ruisseau Glen for example. It was a tributary of Riviere St. Pierre that at one time flowed east of Turcot interchange.

While everybody knows that there are waterways under the city, it is almost impossible to tell just how wide or big they are by just looking at the maps. For the best picture of what lies beneath the city, the only sure way to get actual answers is to gear up and follow these waterways.

As the city grows and as new infrastructure becomes necessary, more stories are bound to be told by those who will have the opportunity to encounter this amazing part of Montreal. However, with the new water pipes getting installed and older ones removed, the maps are also bound to be altered to give a clearer and more accurate picture of exactly how the city’s underground ought to look like.