How’s Your Credit Score?

According to a survey done for BMO, 56 percent of Canadians say they have never checked their credit score and only 14 percent check at least once a year. 52 percent do not know what would be considered a good credit score. What is a credit report? Your credit history...

4 Simple Tools To Stop Drowning In Debt

Not a day goes by on the news without hearing how Canadians are struggling with their debt load. It has become a simple fact of life that we are consuming our way through life, using someone else’s money. For the past decade, I have closely observed the behaviors that...

The Burden Of Debt

An RBC survey showed that average non-mortgage debt has increased again this past year by an average of 21% or almost $2,800 for a total consumer debt load of nearly $16,000. Some reasons are given, such as lagging job growth and incomes only rising moderately, but...

3 Credit Card Products You Should Avoid

Credit card companies try to get you to sign up for secondary products and services, often forms of insurance or new and convenient ways for you to get at your credit and use it. These services are lucrative for the card issuers, but are not in your best interest....

Why Our Debt To Income Ratio Is Misleading

Much has been said about the current state of Canadian household debt.  The latest numbers from Statistics Canada revealed our debt-to-income ratio is now a record 164.6%. But what does this number really mean? In simple terms, you add up everything you owe – your...

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