Tag Archives: Credit Repair

This is a guest post by the experts at Ratehub.ca Bankruptcy is a scary thing. It was likely one of the most stressful times of your life, but once you’ve officially received your discharge it’s time to get on with your life. You’ll likely want to start rebuilding your credit… Read more

Moneyproblems.ca is about finding experts who can help you manage your way out of debt problems with great information and advice. Today we bring you a guest article from the experts at Ratehub.ca. Ever looked up your credit score? That three-digit number means a lot when it comes to renting property, buying a… Read more

“Forewarned is forearmed” – English Proverb Debt is big business. Everywhere you look these days, it seems that there are an ever-increasing number of ways to have whatever your heart desires, long before you’ve earned the money to pay for it. Whether you’re looking for a car, a couch or… Read more

There are ways you can repair your credit score, however it might help to also understand how credit reporting agencies collect the information in the first place. Very few people actually understand how credit reporting works.  There are two very large national credit bureau companies in Canada – Equifax and Trans… Read more

Your credit score is a number that lenders look at to assess your credit worthiness when you apply for a loan or mortgage. It tells the lender how risky it will be for them to lend money to you. A credit score can range from a low of 300 to… Read more

One of the biggest concerns expressed by people considering bankruptcy in Canada is how filing bankruptcy will affect their credit score and how they can repair their credit after bankruptcy. Whether you declare bankruptcy, file a consumer proposal, or do a debt management plan, all will appear on your credit… Read more

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

Your credit history is recorded in files maintained by two main credit-reporting agencies in Canada: Equifax and TransUnion. If you are trying to improve your credit score, or are considering applying for a loan, it is wise to get a copy of your credit report. Why is this important? Your credit report is… Read more

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… Read more

Today’s tip in Credit Report Week: Keep your debt 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… Read more