One of the questions we’re asked most often has to do with filing for a consumer proposal and your credit score. Many people want to know – if you file for a proposal, will your credit be ruined? The answer isn’t as simple as “yes” or “no.” To...
Your credit score is very important. It represents how lenders perceive you as far as risk and impacts how likely you are to obtain various credit products. If you’re concerned about your credit, you may be wondering what a bad credit score is...
No matter the state of your finances, understanding your credit score is a very important part of keeping financially fit. This is especially important when you are dealing with debt or attempting to rebuild credit. Not knowing what certain...
Many individuals who have an R9 on their credit report will often reference their credit as ‘R9 credit’, as though R9 is the credit rating. Credit reports have an over-all rating. This is a number between 300 and 900. This rating is calculated...
In Canada, a credit report and credit score is used by many different institutions, including banks, credit agencies, and even employers. These documents contain important information about your borrowing and repayment habits, and provide a...
This is the fourth blog in a 4 part blog series about how to rebuild your credit. When you accumulate too much debt or have too many credit products, this can harm your credit. Credit card companies are aggressive, using marketing points...
This is the third part in a four part blog series about how to rebuild your credit. Learning how to rebuild your credit begins with learning how to manage it. One major impact to your credit score is when you have credit card products that are...