A pre-approved credit increase may signal warning bells. Why is your credit card company offering you more money? But it may actually be a good thing for your credit score.
To approve you for a line of credit, loan or even a mortgage, lenders usually look at your debt-to-income ratio. This ratio is simply how much of your income is spent on debt. To calculate your own debt-to-income ratio, first tally up…
Statistics Canada says our debt-to-disposable income ratios are at an all-time high, but it’s not all bad news. Read on to find out the factors influencing these numbers on how you can narrow the gap.
Despite the debt-to-income ratio lowering in the first quarter of 2016, Canadians still owe $1.65 for every dollar they have. Here’s what you need to know.
We’ve all heard the warnings about carrying too much credit card debt – but a recent study finds Canadian card balances may actually be of benefit to the nation’s biggest lenders.
The Canadian debt-to-income ratio hit 165% in Q4 2015, according to the latest number from Statistics Canada. What’s to blame for our rising debt levels? Read on for our breakdown.
Looking to bring in some extra cash and pay down debt? One effective way is to earn more money with a side job. Here are 4 great suggestions for getting started.
There are new debt warnings from the Bank of Canada, as the level of highly indebted households have doubled since the financial crisis. Are you at risk? Read on for our breakdown.
Shopping season may have just started, but pre holiday credit card debt has already hit a 2-year high. Is your debt under control? Read on to learn more.
It’s credit crunch time for Canadians! A new report finds the national debt-to-income ratio has hit 164.4%. How can Canadians build credit without going into debt? Read on for this week’s tips.