So what is a consumer proposal anyways? A consumer proposal is a Canadian court-approved program through which your outstanding debts are renegotiated with lenders by a third party. Though a consumer proposal will help immediate financial problems by lowering monthly payments and reducing debt, it will hurt your credit score. A consumer proposal will stay on your credit [...]
So, think you know everything there is to know about credit cards? Maybe you do, maybe you don’t. In this post, we cover some of the basic definitions pertaining to credit cards that if you don’t already know, you should. So what are the different types of credit cards? Yes, there are different [...]
At some point in the past, you have likely received an offer in the mail for a new credit card that says you’ve been “pre-qualified”. Did you wonder to yourself how they might have come across your credit information and whether or not your credit score has been effected because they did a credit check on [...]
Finding a credit card that offers low interest rates, rewards, zero maintenance fees is good thing especially when you use it responsibly. You can establish valuable credit history and it can provide you with purchase protection. All of these are good things, but, there are likely features that these credit cards will offer that you [...]
You may know someone who appears to be doing everything correctly from a financial perspective, but they still can’t qualify for a mortgage. It might be because that person does not use credit, or only has one of two credit accounts, or maybe it is because they are new to credit and have not had [...]
