Credit score
The importance of credit scores cannot be overstated. They tell a lot about your financial situation including how reliable you are at repaying your debts. Keeping an eye on your credit report and increasing your score, if possible, doesn’t have to be expensive. Check your credit score for free in Canada. Here’s how. 1. Borrowell […]
A healthy credit score generally reflects responsible financial management. It can help you get more favorable loan terms and lower interest rates when you borrow money to buy a house, study or for any other project requiring a large amount. On the contrary, a bad credit score could have negative impacts on your access to […]
Is your credit in the crapper? It might be time to try the new Borrowell Credit Builder program. This handy new feature could help boost your score without borrowing a dime. No hard credit check, no debt, and no commitment required. It kind of feels like they just handed us another set of keys to […]
Your credit report is an essential aspect of your financial profile, and it’s critical to dispute any errors you find on your credit report as early as possible. You can dispute your credit report by mailing or submitting the necessary documentation to Equifax, one of Canada’s two major credit bureaus; the other credit bureau is […]
Your credit score includes three powerful numbers, known as a FICO score, which can determine a lot in your life. If your credit score is low, you may not be able to get loans and if you do, they’ll include high interest rates. You will have a hard time gaining access to credit cards and […]
The Canadian Imperial Bank of Commerce (CIBC) is a Canadian bank that offers various financial services to Canadians. Included in their full spectrum of banking services are loans and other credit products. They offer clients access to a free credit score report. Not only do you get to see your credit score for free but […]
If you’re looking to improve your credit score but are new to personal finance or feel overwhelmed by numbers, Mogo’s credit score checker may be for you. Although it doesn’t provide an in-depth analysis of your credit history, Mogo makes it easy to check your score and provides incentives for improvement. While the platform may […]
Without credit, our economy would come to a screeching halt. Are you curious about credit scores and how they are calculated? We will take a look behind the curtain and show you how to make the most of your credit score. The top credit reporting agencies in Canada There are two major credit reporting agencies […]
My career as a financial reporter and my long years spent in collections at Desjardins have taught me that credit reports are largely misunderstood. This financial analysis tool is the source of countless myths, even today. Even its name is confusing. Several terms are used interchangeably, sometimes incorrectly, to refer to it, such as credit report, credit […]
A bad credit score in Canada not only costs you money, but it can also cost you opportunities and your quality of life. If you have a bad credit score, the negative information dragging it down stays on your credit report for 6 years. A bad credit score is determined by a variety of things. […]
