From the category archives:

Credit Reports

Get a copy of your credit report

by Moneyproblems TipsWed Apr 21, 2010 Credit Reports

By law, your are entitled to receive one free copy of your credit report each year.  Today’s tip: get one now.
Your credit report is important, because lenders use your credit score to determine whether or not they will lend you money.  That’s why you want to check your credit report before you apply for a [...]

Tagged as: credit report

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How to get credit after bankruptcy

by Moneyproblems TipsFri Mar 12, 2010 Credit Reports

Many people assume they cannot obtain new credit for seven years after filing for bankruptcy in Canada. The truth is – if you want credit after bankruptcy you can rebuild your credit. The bankruptcy notation will appear on your credit report for at least six years after you are discharged,  but that does not mean [...]

Tagged as: credit repair, secured credit card

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Reduce Debt to Improve Your Credit Score

by Moneyproblems TipsFri Nov 27, 2009 Budgeting

The only permanent way to improve your credit report is to reduce your debts. Your household budget can help you determine if you can cut your expenses enough to free up the cash necessary to repay your debts and improve your credit score.
But what if you have more debt than you can handle, and [...]

Tagged as: credit report, credit score

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How to Permanently Improve Your Credit Report

by Moneyproblems TipsThu Nov 26, 2009 Budgeting

This week we have discussed your credit report. It’s important to get a copy of your credit report,and review your credit report for mistakes. But your credit report is only a picture of what you already know. There are no quick tricks to fixing a credit report. Ultimately to get a better credit score, [...]

Tagged as: budget, credit report, credit score

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Credit Monitoring Services: Probably Not Worth The Money

by Moneyproblems TipsWed Nov 25, 2009 Credit Reports

A credit repair service promises to fix your credit; they probably are not worth the money. But what about a credit monitoring service, where they promise to monitor your credit report, and send you e-mail alerts whenever the status of your credit changes. Is that worth the money?
Probably not, but the decision is up to [...]

Tagged as: credit monitoring, credit report

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Credit Repair Services: Probably Not Worth the Money

by Moneyproblems TipsTue Nov 24, 2009 Credit Reports

This week we are discussing credit reports. Yesterday we discussed fixing mistakes on your credit report. The best way to fix mistakes is to review your credit report, and then contact the credit reporting agency and ask them to fix the mistakes. But what if you don’t feel comfortable doing this yourself? Should you hire [...]

Tagged as: credit monitoring, credit repair service

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Credit Reports: How To Improve Your Credit Score

by Moneyproblems TipsMon Nov 23, 2009 Credit Reports

If you plan on borrowing money in the future, your credit report will determine whether or not you can borrow, and what interest rate you are charged, so keeping your credit report and credit score in good order is important. But what if you are one of the 150,000 Canadians who declared bankruptcy or filed [...]

Tagged as: credit report, credit score

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Old credit cards are good credit cards

by Moneyproblems TipsFri Sep 18, 2009 Credit Reports

Our final tip in Credit Report Week: Old credit cards are good credit cards.
One factor used in calculating your credit score is your credit history. The longer you are able to manage revolving credit, the better you look. So, if you have a credit card that you haven’t used for a while, use it, and [...]

Tagged as: credit score

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Keep your utilization rate low

by Moneyproblems TipsThu Sep 17, 2009 Credit Reports

Today’s tip in Credit Report Week: Keep your utilization rate low.
When lenders are deciding whether or not to give you credit, they look at your utilization rate. For example, if you have $25,000 in available credit on your credit cards, and you are currently borrowing $2,500, you have a utilization rate of 10%. [...]

Tagged as: credit report, credit score

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Don’t be late with a payment

by Moneyproblems TipsWed Sep 16, 2009 Budgeting

Today’s Credit Week Tip: Never be late with a payment.
The most important component of your credit score is your payment history. Just one late payment can drop a credit score from 750 to 650, and that may dramatically increase your borrowing costs.
Generally you are not considered to be late until you are 30 days [...]

Tagged as: bill payment, credit report

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