Your credit score is an evaluation of your borrowing history and is a key component in determining if a lender is willing to grant you a loan or mortgage. So what happens when you think you’ve been a reasonable borrower but that’s not reflected in your credit score? Read on to find out how to…
In Canada there are two credit bureaus that track your credit behaviours and calculate a corresponding credit score; these are Equifax Canada and Transunion Canada. Your credit score is made available to companies that are considering lending you money so they can determine, from your past behaviours, how much of a lending risk you present….
Credit repair can be a stressful endeavor and many people vow to swear off using credit altogether to avoid getting themselves into another mess. It used to be that getting credit was an exception to the norm and people could choose to live solely off their weekly paycheques. Thomas Jefferson is quoted saying “Never spend…
When your credit score takes a plunge you’ll find it difficult or maybe even impossible to find creditors that are willing to lend you money or offer you a mortgage. And when you do find a willing lender, you likely won’t get very competitive interest rates. As depressing as this may sound, it’s not hopeless;…
Managing your finances and your debt can be a stressful situation – if you don’t know how to do it. The key to successful debt management is education, and the fact that you’re reading this article is a sign that you’re looking to improve your financial situation. Resolving debt issues means you’ll need a definite…