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It is pretty common for your insurance company to check your credit score when applying for car or home insurance in Canada.  Most people know that your credit score is a vital financial metric that can affect your ability to get a loan, rent, and even get a job. However, your insurance company will also […]

It might feel like the right thing to do if your child or a close family member asks you to co-sign their debt. You probably feel obligated because without you they wouldn’t be able to get the loan. But is it worth it and is it safe? Here’s what you must know about co-signing debts. […]

Your credit report should be an accurate reflection of your credit and debt accounts. It should show how well (or not) you paid your accounts, your outstanding balances, and the accurate history of any accounts you’ve had but have since closed. Here’s the bad news. Sometimes credit reports are wrong. Whether it’s a human error […]

Your credit score is one of the most important pieces of your personal financial life. New lenders, credit card companies, employers, and even insurance companies will use your credit score to determine your risk of default. Knowing how a credit score is calculated and how it works is important if you want to take control […]

Your credit is one of the most important metrics of your financial life. When you have bad credit, not only can it be a hurdle to meeting your financial goals, but it can affect other parts of your life.  If you are working to improve your finances, understanding what actions affect your credit and strategies […]

It happens to the best of us – life gets busy or you just can’t make ends meet and you miss a credit card payment or two. The effects of missing even one payment can be detrimental to your personal finances and your credit score, though. Fortunately, there are ways to fix the issue, but […]

Finding a rental can seem like a competitive sport in many cities across Canada.  And if you have a less than average credit score, that is just another hurdle that can get in the way of finding a place you want to live.  Whether you have bad credit because you are or were behind on […]

The cost of education in Canada is rising at a record pace. While there is government assistance available, the higher cost of education has resulted in higher student loans. Many of us take on debt for education because we expect that our education will help us gain a better footing in the real world over […]

Your credit score is one of the most important factors of your financial life. While it’s important to know what things help you build a good credit score, you also have to know those things that could hurt your credit score and lead to side effects from bad credit. If you avoid doing these 10 […]

It’s important to note that repairing bad credit is a bit like losing weight. It takes time and there is no quick way to fix a credit score. The best advice for rebuilding credit is to manage it responsibly over time. If you haven’t done that, then you need to repair your credit history before […]