Prepaid credit cards may seem like the perfect gift, but hidden fees have frustrated customers, and decreased card face value. New rules announced by the government have banned these hidden fees and expiry dates in a move that promotes transparency and financial literacy.
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.
Uprooting your entire life to settle in a new country is challenging enough – and for many immigrants to Canada, it means starting over with their credit history. Often, the quickest way to build that all-important rating is with responsible credit card use. We’ve outlined a few options here for new immigrants starting fresh with their finances.