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 [...]
Why does your credit score matter so much? Well, it’s what almost every company in your life uses to determine whether you are a credible, trustworthy borrowing candidate. From your prospective employers to your prospective landlords, most companies will check your credit report in order to assess you. However, if they only have access to [...]
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