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How does Credit Card Utilisation Affect your Credit Score?
What is Credit Card Utilisation and how does it Impact your Credit Score? Credit card utilisation is how much of the available credit on your credit cards you are using. It is calculated by dividing the amount of a person’s credit card balances by the credit limit on all of their cards. For example, assume…
Read MoreHow to get a Home Loan with Bad Credit in Ontario
Getting a Mortgage in Ontario with Bad Credit If you have bad credit, you might feel like home ownership isn’t possible for you. However, that isn’t necessarily the case. You might find that the options for getting a bad credit mortgage are limited, but this doesn’t mean that you’ll have to give up the dream…
Read MoreFinancial Stress can Lead to Depression
Almost everyone worries about finances sometimes, but extreme financial stress can lead to depression and other health issues. Here are a few tips to help. Financial Stress can Lead to Depression Financial stress can be hard. Mounting bills, existing debts and figuring out how to make ends meet every month can take a toll mentally,…
Read MoreBack to School Budget Tips for Parents
Back to School Budget Tips for Parents – A Financial Guide It’s back to school time! While this can be a stressful and emotional time for both parents and children, it can also be a difficult time for your wallet. In fact, a recent survey found that back-to-school shopping is becoming increasingly expensive. Back to…
Read MoreWhat Happens when a Cosigner files Bankruptcy ?
My co-signer has filed for a bankruptcy. How does this affect my credit? What Happens when a Cosigner files Bankruptcy ? For some people, especially those who have bad credit, getting a co-signer on a loan is a great way to borrow money and build credit. Having a co-signer helps you get a loan that…
Read MoreNew Scams of 2014 Save Money by Avoiding Them
Save Money by Avoiding these New Scams in 2014 Unfortunately, some people will always end up resorting to scams in order to try to trick people out of their hard-earned money. That means you’ll have to be incredibly diligent to avoid getting fooled and losing money in the process. One of the best ways to…
Read MoreTaking Cash Advances on Credit Cards are a Bad Idea
 Why Cash Advances on Credit Cards are a Bad Idea Getting a cash advance on credit can seem like a good way to get cash when you need it. However, this often isn’t the case. In fact, a credit card cash advance can be incredibly costly and it can even hurt your credit score. How…
Read MoreWays to Get Money for Home Renovation (Smart Money Tips)
Financing Options for Home Renovation Home renovations can make your home more enjoyable and they can also improve the value of your property. However, if you have major repairs that need to be done or if you’re just dreaming of making some improvements to your home, you might be concerned about how you’re going to…
Read MoreHow to Fix a Credit Report Error
Fix a Credit Report Error Fixing Errors on your Credit Report can be tricky! Do you know that there are two national credit bureaus in Canada? These bureaus are Equifax Canada and TransUnion Canada. Both credit-reporting agencies can provide you with access to your credit report and credit score. It’s very important that you regularly…
Read MoreStop Juggling Credit Cards Debts
How to Stop Juggling Credit Cards Debts Too Many Credit Cards, Too Much Debt Today, many Canadians are over their heads in debt. Much of this debt comes from credit cards. In fact, credit cards now account for the second highest debt load in Canada (30%). In 2012, 40% of Canadian families carried an outstanding…
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