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…
In this second edition of our monthly series, Amanda Reaume explains how you can build your credit score back up and change your spending habits after declaring bankruptcy. Read on for her tips.
Anyone can find themselves with debt – even if you believe you’re responsible with money. Editor Penelope shares her story of how she fell into the debt hole – and the steps she’s taking to fix her credit score.
Last week Detroit stunned both the U.S. and Canada when it declared bankruptcy, the largest American city to do so. What are the economic factors that led to these drastic measures, and could they occur in Canada?
The holidays have come and gone – but they’re lingering on your credit card statement! If you’re living in fear of that big holiday bill, check out our ways to pay it off, pain free.
Are you a worrywart about your wealth? Stress has been identified as a leading killer of Canadians – but many just can’t seem to keep calm when it comes to their finances.
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.
Who doesn’t dream of winning the lottery? Cashing in on the finer things in life and taking early retirement may seem like bliss, but a windfall can be too good to be true. Read on to find out how winning can actually lead to financial disaster – and what to do to protect your money if you actually win.
Better to be safe than sorry; that’s the mantra drummed into Canadian’s heads by insurance companies. And while they have a valid point – no one wants to be bankrupted by an unforeseen series of events – many insurance customers are less knowledgeable than they should be about their coverage. When choosing your insurance products, educate yourself – and ensure you really understand what you’re signing up for.
As news of Research In Motion’s financial standing worsens, many consumers are left wondering – what are their options should a product or service they rely on go out of business? Read on to see how RIM’s latest stock plunge could affect you, whether or not you’re a BlackBerry user.