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Pay Off Credit Card Debt or Build an Emergency Fund?
Financial experts disagree on which is more important – saving for emergencies or paying down debt. Here are the advantages of each and advice to consider when deciding where to put your money.
How Bad Credit Hurts You
When you have poor credit, it’s much harder and more expensive to obtain loans, credit cards, as well as borrow certain goods and services. Find out why some people have bad credit and how it can hurt them.
5 Steps to Get a Good Mortgage Now
With interest rates at historic lows and housing prices dropping, the thought of purchasing your first home – or trading up to a larger one – has likely crossed your mind. Before you sign on the dotted line, however, keep these tips in mind when hunting down the best mortgage deal.
Latest Delinquency Statistics Vary by Region
Equifax Canada has released data which shows the number of Canadians falling behind on their bill payments has risen substantially over the past year. "Most of the increase is coming from credit card debt," vice-president of Equifax Consulting Solutions, Nadim Abdo, says.
Canada Loses a Credit Bureau
Competition is typically a good thing regardless of what market or industry you’re talking about. But in the case of credit bureaus, fewer players may actually be better for Canadian consumers. Here’s why.
Credit Payment Ratings, or "What Does R2 Mean Anyway?"
You may know that it's important to regularly review your credit report, but do you understand the credit payment ratings that appear on it? Here, we explain the rating system used by the credit bureaus on your credit reports.
