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…
This week, on Money Wise, we’re answering your credit card FAQs – from consolidating out of control debt to updating vendors in case of expiry, check out our guide.
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.
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.