Category Archives: Credit

Almost half of Canadians who have credit card debt, say they always or often carry an outstanding balance. In reality, your credit card is a debt card and 12% of Canadians are merely making their minimum payments. That’s not nearly enough.

If you’re one of the 12% who can’t make more than the minimum payment, or if you have more credit debt than you think you can handle, call us today. You have other options. We can help.

 

Understanding your credit report

  YOUR CREDIT REPORT AND HISTORY Taking a loan or using a credit card or anything like buy now pay later, will have a credit history. If you don’t have money to pay for something even a car or a house mortgage, you look for a long term credit. Whenever a financial institution, such as … Read More

How To Get Rid of Debt?

How To Get Rid of Debt? Technology has give rise to may new methods of conducting the business like on-line transactions, Mobile Banking, Visa Debit Cards and of course the traditional Credit Cards. These may be issued by Banks or other financial institutions -the applicant gets a line of credit or visa card or some … Read More

One-third of Canadian households living paycheque to paycheque

One-third  of Canadians still live from pay-cheque to pay-cheque, according to Globe and Mail. We can empathize as many have gone through such periods, but do we have to continue this way. Skating on thin ice and peace of mind becomes an elusive goal.

A new survey suggests fewer Canadians are living from paycheque to paycheque, and more are putting money aside for a rainy day or retirement.

But there are still a large number that would face difficulties after one week of not receiving their cheques, and savings rates remain low, the results show.

The survey by the Canadian Payroll Association found 47 per cent saying they would be in financial dire straits if their pay was delayed as little as a week.

Living from Pay-Check to Pay-Check

Living from Pay Check to Pay Check

What happens when the unforeseen happens? Continue reading

How To Get Your Credit Report

We all know the importance of having a respectable credit score. Think of it this way- it’s one of the most important keys to getting an affordable mortgage for your home. Nevertheless, in order for you to ensure that your credit score is in good standing, you’ll need to discover your current rating. Being prepared … Read More

Credit Report: What It Means and How to Read it

It is important to check your credit report regularly and report any errors immediately. Your credit report in Canada is like your 3rd grade report card, but instead of giving you a gold star to denote your excellent Play Dough-playing ability—it shows how fiscally responsible you’ve been. And it lasts a lot longer than one … Read More

Tips To Effectively Consolidating Your Credit Card Bills

There are many benefits to owning credit cards. These cards can provide you with funds when you don’t have enough money in your bank account. Many specific credit cards also allow you to accrue “points,” giving you an incentive to use them even when you don’t need to. Credit cards are also one of the … Read More

Re-establishing Your Credit History

It can be quite challenging to even think about your credit score after going through a harsh event, such as a bankruptcy or a consumer proposal. However, it’s very important to remember that you CAN re-establish your credit history. It may take some time to rebuild your credit score, but it’s certainly possible- especially when … Read More

Credit Building Tips

You can accrue a low credit score in a surprisingly short amount of time. Through the use of multiple credit cards, we can easily rack up some shockingly high bills, especially when we aren’t filtering our spending habits. Sure, that new refrigerator that you purchased has a great stainless steel finish- and it was on … Read More