Personal Finance

News and tips on how to make money and save money for everyday Canadians.

Credit and Debit Cards: What’s the Difference?

Filed in blog, Personal Finance by on May 7, 2014 0 Comments
Credit and Debit Cards: What’s the Difference?

Using plastic is an easy, convenient way to pay for goods and services with a wide variety of merchants. While credit and debit cards may look the same, they are in fact different. Debit cards are linked to your checking account and can only be used up to the amount in there, whereas credit cards […]

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Is Filing Taxes Over the Internet Secure?

Filed in blog, Personal Finance by on March 19, 2014 3 Comments
Is Filing Taxes Over the Internet Secure?

The great Canadian tax season is upon us! Dust off your calculators and sharpen your pencils. If you have them ready, you join close to 7 million Canadians filed their taxes the old-fashioned way: through the mail. Yes a large group of us still fill out paper forms; however, over the past 10 years you […]

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Are Credit Checks Done with Mortgage Renewals?

Filed in Credit Reports, Personal Finance by on March 18, 2014 0 Comments
Are Credit Checks Done with Mortgage Renewals?

The Canadian housing market is truly a unique one. House prices have increased multiple times especially in Vancouver and Toronto. Interest rates are still hovering very low with an upward trending pressure. Canadians who have locked in their mortgages for 3 or 5 years have nothing to worry about until renewal time. If you haven’t […]

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Keeping your credit history safe with with two-step verification

Filed in blog, Credit Monitoring, Personal Finance by on March 14, 2014 0 Comments
Keeping your credit history safe with with two-step verification

Online credit fraud will naturally see an increase as Canadians become more comfortable doing shopping or banking online. In fact, online banking has seen an exponential increase partly because of the convenience of being able to pay bills and transfer money while at home. Identity theft techniques can range from unsophisticated, such collecting your information […]

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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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Big tax refunds by paying more taxes on purpose

Filed in blog, Debt Management, Personal Finance by on January 20, 2014 0 Comments
Big tax refunds by paying more taxes on purpose

With the tax season upon us and holiday bills coming in, it is also time for a little reminder about checking your Canadian Credit Report for Free. Ideally Canadians should check their credit score and credit history at least once a year. Personally I like to be informed on changes to my credit rating and […]

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How can credit monitoring help rebuild credit?

Filed in Credit Monitoring, Credit Reports, Personal Finance by on September 20, 2013 0 Comments
How can credit monitoring help rebuild credit?

If you have previously gone bankrupt and are in the process of getting your credit score back up, you can really help your efforts by regularly monitoring your credit. Using that service allows you to get regular progress reports on how your credit looks. Any good Canadian credit monitoring service (also referred to as Credit […]

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How Long Will Personal Bankruptcy in Canada Stay on My Credit Report?

How Long Will Personal Bankruptcy in Canada Stay on My Credit Report?

There is no easy answer to this question, as there are a number of different factors that come into play when trying to figure out how long a personal bankruptcy in Canada will stay on your credit report. The first thing you need to look at is the length of time you are in bankruptcy […]

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How to Protect Against Identity Theft

Filed in Credit Monitoring, Personal Finance by on August 20, 2013 0 Comments
How to Protect Against Identity Theft

Identity theft is a relatively new problem, aided by online banking systems, credit cards, and Canadian social insurance numbers. The number of incidences of identity theft has continued to grow rapidly since the first cases started showing up in the 1990’s. By 2005, the number of Canadians victimized by the crime has reached close to […]

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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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