Credit Score

How Does Salary Impact Credit Scores?

Filed in Credit Score by on March 21, 2014 0 Comments
How Does Salary Impact Credit Scores?

Salary is not a factor in determining your credit score. The key reason income is not report to the Canadian credit bureau is simply because the money you make doesn’t really affect whether you have good or bad credit scores. The major credit reporting agencies in Canada have included it in credit reports but because […]

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Can age lower my credit score?

Filed in Credit Score, Personal Finance by on March 5, 2014 0 Comments

Some of the key components of the credit score are based upon on length of credit, how currently you pay your bills, how much of your credit card credit limits you use, inquiries, and other minor measurements.  Age is not really a factor in your credit score, but it’s never that easy. Length of credit […]

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Building Your Credit As a New Immigrant

Filed in Credit Score by on November 27, 2013 0 Comments
Building Your Credit As a New Immigrant

There are many factors when in comes to deciding to immigrate to Canada and your credit and history is a major component to immigration. Specifically, credit history is not transferable from your native country to Canada. What does this mean for consumers who are looking for a better life in Canada? From a credit point […]

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A good credit score doesn’t guarantee approval

Filed in Credit Score by on September 12, 2013 1 Comment
A good credit score doesn’t guarantee approval

If you watch any TV at all, you are sure to have seen the ads promoting you to check your credit score. Most of these ads are American base, which means the advice is not necessarily great for Canadians. Any time you apply for a loan or mortgage, the financial institution you are using will […]

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Canadian Credit Repair – Improve Scores and Avoid Scams

Filed in blog, Credit Counseling, Credit Score by on September 5, 2013 0 Comments
Canadian Credit Repair – Improve Scores and Avoid Scams

Credit Repair in Canada is a topic that continues to remains relevant year after year. This is especially true because Canadians borrow money for everything from small furniture purchases to larger items such as cars and houses. If you are on this site, chances are that you are looking for credit repair information. In Canada, […]

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Does closing a credit card affect your credit score?

Filed in Credit Score by on September 3, 2013 0 Comments
Does closing a credit card affect your credit score?

Your credit score is made up of many factors and is constantly changing and updated. Sometimes our credit score will fall, at other times; it will increase or stay the same. As Canadians, we all know that our credit report and score needs to be healthy in order to obtain loans, mortgages and get lower […]

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How Does Marriage Affect Canadian Credit Scores?

Filed in Credit Score by on August 28, 2013 0 Comments
How Does Marriage Affect Canadian Credit Scores?

If you have just married or will be doing so in the near future, you have probably given some thought to how your union will affect your credit score in Canada. Does the credit rating of your spouse affect yours, and vice versa? Getting married means combining everything in your life, but does that extend […]

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How to choose a credit monitoring service?

Filed in Credit Monitoring, Credit Score by on August 23, 2013 0 Comments
How to choose a credit monitoring service?

Choosing to regularly monitor your credit reports is a smart financial decision. Your biggest problem will likely come in deciding which of the hundreds of different credit monitoring services to use. Most only offer services to residents of the US. Read on to get some tips that should make the decision a whole lot easier. […]

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Canadian Credit Scores and Mortgage Down payments

Filed in Credit Score by on May 6, 2013 0 Comments
Canadian Credit Scores and Mortgage Down payments

Credit Report Canada recommends you check out your credit score before you apply for a mortgage. If you are on the hunt this summer for a house or condo and are planning on putting in less than 25% down payment, be aware that your credit score will begin to have greater importance. Generally for Canadians […]

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Is Credit Important With Payday Loans?

Filed in Credit Score, Personal Finance by on April 30, 2013 1 Comment
Is Credit Important With Payday Loans?

Most people have likely heard of the payday loan concept by now, and many have even used one to help out during a rough financial spot.  Payday loans are intended as a short term loan that you’re supposed to pay back from one of your pay cheques in the near future.  They don’t help with […]

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