Tags » Credit Crisis

How to improve your credit score

A credit score of 700 gets you the best lending rate from the banks. But if you’ve missed some bill payments—or worse, filed for bankruptcy—you’ll have to work strategically to build your score back up. 353 more words

5 things your debt collector isn’t telling you

For starters, evening calls are off limits

1. You don’t have to pay me. In most provinces, there’s a two- to six-year statute of limitations for collecting debts that comes into play after you make your last payment. 321 more words

How Canadian homes became debt traps

Source: MoneySense.ca – by Joe Castaldo  November 13th, 2017

Houses have become another debt-laden income-stream for Canadians

In 1998, Ann bought a one-bedroom condo in the Kitsilano area of Vancouver. 3,268 more words

The ballyhooed ‘war on homebuyers’ isn’t real

 

Source: Macleans.ca – Joe Castaldo September 22, 2017

Regulators have finally realized that Canada is addicted to debt, and are trying to limit the fallout. This is not a bad thing. 1,335 more words

10 most common bankruptcy myths

“The Act permits an honest debtor, who has been unfortunate…” to “…make a fresh start…”.

So reads page two of the 1,841 page annotated Bankruptcy and Insolvency Act (BIA) regarding a person who files bankruptcy. 1,563 more words

Credit ratings 101: Four factors that determine your creditworthiness

Most Canadians know their credit rating is a number, somewhere between 300 and 900, that generally reflects your credit-worthiness and is used to secure approval from lenders. 543 more words

Good debt, bad debt and good bad debt

There has been an awful lot of noise in the media recently about the increasingly high levels of debt the average Canadian is carrying around on his or her back. 898 more words