Credit Education

If you’re working to rebuild your credit score to get a good rate on an auto loan, or even to prepare for home ownership, chances are you’re monitoring it pretty closely, and you’re hoping it continues to increase. But this isn’t always the case. Your credit score can drop for a number of reasons, even…

The average cost of a car payment has reached $479, which is a significant chunk of change. Unfortunately, in many places in Canada, a car is simply not optional. Due to the cold winters in Winnipeg and the relatively undeveloped public transit system, most people have to have a vehicle – which can be quite…

If you are hoping to rebuild your credit score, paying off your credit card debt is a great way to do so. As you pay down debt and reduce the amount that you owe, your credit score will increase with timely payments. In addition, the faster you pay down your credit card debt, the more…

If you’re shopping for a used car in Canada, and you have bad credit, you may have some questions about the best way to get a good deal on a used car. If you’re still paying off your old car, for example, but you don’t want it anymore – maybe it’s unreliable, or it gets…

If you have a less-than-stellar credit score in Canada, you may be wondering what the best way is to repair your credit history, and begin working towards a better future. The answer is not simple – rebuilding your credit score after a major event like a bankruptcy, or having several credit cards go to collections…

If you have bad credit in Canada, it may be hard to rebuild your credit score. Depending on your credit score, you may get rejected for auto loans, personal loans, credit cards, and most other lines of credit. So, how are you supposed to rebuild your credit if you can’t qualify for a traditional credit…

Credit cards are a powerful tool. If you use them properly, you can make life much easier for yourself with automatic payments, cash back rewards, and other benefits like extra protection for rental cars. But like any powerful tool, credit cards can be misused – with disastrous results. It’s estimated that the average Canadian has…

If you’re a Canadian, you’re eligible for a free annual credit report from Equifax Canada and TransUnion – free of charge. You can request a free credit report by mail – and you should do so every year, to ensure that your credit report is accurate and updated. Why? Because your credit report may often…

If you’re looking to rebuild your credit, making timely payments on credit accounts such as credit cards is one of the most important things that you can do. By paying off your credit cards each month, you can avoid high APRs, and ensure that you are building up your credit score. A good credit score…

If you’re in the process of rebuilding your credit, the process of doing so may seem quite intimidating. There is a lot to learn – and it can be difficult to know where to start if you need to rebuild a credit score that’s been damaged by outstanding credit card debt, foreclosure, or bankruptcy. Luckily…