Monthly Archives: September 2010

Your credit score is negatively impacted by frequent credit applications, if you are turned down.  So, if you are applying for credit (such as applying for a mortgage) and you want to “shop around” for the best rate, be sure to do all of your credit shopping within a 15… Read more

You can’t build a house without a set of blueprints; you can’t go on a long trip without a map, and you can’t eliminate credit card debt without a plan. Whether you intent to repay your debts on your own, or are looking at your debt relief options, you still… Read more

This may seem obvious, but always pay your credit card balance on time; don’t pay late.  If your payment is due on the 15th of the month, be sure it’s paid on the 14th or the 15th.  If you make your payment on the 16th, you get hit with many… Read more

Credit card companies make a lot of money.  How?  Obviously they charge a high rate of interest, but they also charge various fees that may not be obvious.  Did you know that most credit cards will charge an extra fee if you exceed your credit limit?  It’s true. Most people… Read more

You know the interest rate you are paying on your credit card; it appears on every credit card statement.  (You do know the interest rate you are paying?  If you don’t, grab your last statement and look at it; this is an important number). But do you really know what… Read more

We have all seen them: a “special introductory offer” where you pay a low interest rate if you sign up for a new credit card, and transfer a balance from another credit card.   Today’s tip: Beware of low introductory rates. If you are paying a high rate, it may appear… Read more

With the new credit card regulations in Canada, it’s more important than ever to read the fine print on your credit card agreement.  If you don’t have a copy, go on the web or ask for one from your credit card issuer. There are three key terms you should now:… Read more

We are starting a new series on credit cards, and how to eliminate credit card debt.  Canada just introduced new credit card regulations, so today’s tip: know the new rules. Credit card companies are required to give you a 21 day grace period on new purchases, provided you pay your… Read more