Do you really need credit? Yes, there are many people who run into credit issues and immediately close the door on getting additional credit for fear of falling back into the credit abyss. Unfortunately, you STILL need the best credit score possible for access to the things that you need and that means having “credit”. [...]
Our relationship with money is partly ingrained in our emotional DNA. So when you feel angry, frustration or shame about your relationship with money, it often comes from our parents. So if they had a fraught relationship with money, chances are you will too; whether it’s taking on too much debt or not taking care [...]
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 [...]
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 [...]
So you have finally realized that you need to a little homework around understanding what your credit score is all about? Well, I am going to try and make it as easy to understand as possible. So what first? Let’s talk about a little history. The credit scoring system became prevalent during the 1960′s as [...]
