It’s Credit Crunch Time

Credit Crunch Time

Having great credit is the base for financial security – and your key to qualifying for mortgages, auto and other loans at the best rates. But building a solid score often means using a credit card, and that can lead to a debt spiral rather than stellar consumer standing. And Canadians are charging it more than ever – the latest numbers show our nation’s debt-to-income ratio has hit a new record of 164.4%.

How can we keep debt under control and create great credit? Read on for the full story.

What Are Credit Card Grey Charges?

Are you unwittingly paying pesky hidden credit card grey charges? If you’re like most Canadians, chances are there’s a couple on your statement. Here’s how to catch these background charges – and how to stop paying them for good.

Read Amanda’s Blog | What Are Credit Card Grey Charges?

How Can Students Build Credit?

Students are often carrying a ton of debt – so is it really smart to add a credit card to the mix? Often enough, yes, as these years are the prime time for young adults to build their credit histories. Read on for tips for building a healthy score, and the various credit options available.

Read Barry’s Blog | How Can Students Build Credit?

Canada’s Debt-to-Income Ratio Hits 164.4%

The latest numbers from Statistics Canada show the national debt-to-income ratio has hit 164.4% – the biggest increase since 2011. Why is debt spiralling so high in Canada – and what can consumers do to lower their own ratios?

Read Rubina’s Blog | Canada’s Debt-to-Income Ratio Hits 164.4%

The Best Things to Buy in October

What are some of the best things to buy in October? Check out the items you can save big on this month – from your Thanksgiving turkey, to a new car.

Read Amanda’s Blog | The Best Things to Buy in October

Nearly Half of Canadians Live Paycheque to Paycheque

An alarming study from the CPA finds nearly half of all Canadians are living paycheque to paycheque. Low interest rates are partly to blame, along with a lack of savings. How can consumers break the paycheque to paycheque cycle? Read on to find out.

Read Barry’s Blog | Ontario Tuition Costs Are Canada’s Highest

#RSMWIN

Want to be one of our $25 winners? Answer this week’s Q to enter our draw:

What current election promise would most impact your finances?

Tweet your answer to @ratesupermarket with #RSMWIN to take part!

Related Topics

Credit Card News / Credit Cards / Debt Repayment / Your Credit Score

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