Is your score being haunted by a debt, bankruptcy or registered item? By law, negative information can only stay on your credit report for a certain length of time, typically up to a maximum of 6 years. But this could be longer or shorter based on…
If you’re in debt, refinancing at a lower interest rate will help you repay it faster. But those in debt face a catch-22: They have so much debt, so their credit score likely isn’t very high – making it difficult to qualify for refinancing. Here are some tips on how to improve your credit quickly in order to refinance.
When it comes to your credit, how do you rank? If you’re like the majority of Canadians, there’s a good chance you aren’t sure – our recent poll found 70% of respondents were in the dark about their credit score.
Do you have a low credit score? The answer may surprise you. From late bill payments to maxing your credit, there are tons of ways to compromise your score – are you guilty of these credit score sins?
If you’re in deep debt with no hope of consolidation, bankruptcy could be your best option. While hitting rock bottom can ease the pressure of hounding creditors, however, you’ll be on a long road to financial recovery and good credit.
Does the motto “sharing is caring” extend to your bank account? For many couples who cohabitate, opening a joint account to deal with combined financial responsibility just makes sense. However, there are warnings to heed before you truly share the wealth.
It is ever a good idea to hand your kids the plastic? Will giving them access to credit at an early age help teach financial responsibility – or will it end in a mountain of debt? Learn how to walk kids through the life lessons of credit and ensure they’ll grow up to be financially responsible adults.