It is possible to repair your credit score, even if you file bankruptcy. You can begin the process of rebuilding your credit with the steps and tips provided by our experts.
Uncollected taxes in Canada are estimated to be almost $50 billion. This means many Canadians are stuck with tax debt. Are you unable to pay your taxes right now? If this is the case, you... Read more »
Your credit report is a report card on your credit activity. While you can get a free copy of your credit report from many sources, not all credit reports are the same and not all... Read more »
How important is your credit score? In my book, Straight Talk on Your Money, on page 48 I discuss the “Credit Score Scam”, and on page 52 I say that you should not focus on... Read more »
Most people know that to qualify for a loan they need a good credit history and reasonable ‘credit score’. They also know that their credit score is something provided by the major credit bureaus. In Canada... Read more »
It is a good idea to check your credit report every year. It is not uncommon for there to be mistakes and omissions on your credit report and these errors can cost you by increasing... Read more »
The saying that ‘there is no such thing as a free lunch’ is a truism all consumers should consider whenever they are offered something for free. This especially holds true with lenders like Borrowell now... Read more »
In a previous article, we compared the cost of 4 different debt relief programs and determined that in most cases a consumer proposal offers the lowest possible monthly payment, significantly better even than a debt... Read more »
Often, I share advice about how to get out of debt and live debt free. But, what if you’ve already eliminated your debt through a bankruptcy or proposal and you’re ready to get back on... Read more »
We receive a lot of comments on our Facebook page from individuals struggling with debt who are afraid to consider something like a bankruptcy or consumer proposal because it will have a negative effect on... Read more »
Most people are very well aware of the fact that they have a credit score and that this rating affects their ability to qualify for a loan and the interest rate they will pay. But... Read more »
I have received a significant number of calls from existing clients asking for my opinion on a variety of credit repair loan companies that offer loans to “automatically build up your savings” and/or to “improve... Read more »
The purpose of a bankruptcy or consumer proposal is to eliminate most or all of your debts so that you can focus on creating positive and lasting financial habits to avoid incurring more debt in the future. Part... Read more »
UPDATE: Since this podcast was recorded, Affirm Financial Services has discontinued offering credit cards to people in an active bankruptcy in most cases, so the information in this podcast is for general information only about... Read more »
Reviewing your credit report at least once a year is part of a healthy financial routine. What you should be on the lookout for is errors or out-of-date information. This annual routine is important because... Read more »
Today on Debt Free in 30 I talk with mortgage agents Michael Smele and Bev Gay about whether it’s possible to buy a house after, or even during, a personal bankruptcy or consumer proposal. They each... Read more »
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