Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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Achieva Financial Review: Digital Banking from the Heart of Canada Dec 18th
Canadians are fortunate to have so many choices regarding no-fee online banking and high-interest savings accounts. Names like Tangerine, EQ, and Simplii have become commonplace, to mention just a few. But if you’re shopping around for a digital bank to deal with, there’s another name you can ad.... More »
CMHC Q1 Report Calls for Housing Market Slowdown + MORE Feb 10th
At the beginning of February, the Canada Mortgage and Housing Corporation released its first-quarter Housing Market Outlook report. The Crown agency’s updated national forecast predicts a stable to slightly declining housing market for this year and into 2016, a finding that’s echoed by economi.... More »
Canada’s best rewards credit cards for 2023 Jun 17th
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The 10 best rewards credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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Before It’s Too Late! Best Credit Card Welcome Offers of January 2020 + MORE Jan 4th
The new year has just begun, which means there is plenty of time to plan for the months ahead. Will you jet off to a sunny location? Decide to save money? Work on paying off that post-holiday debt?
The right credit card can help you attain your goals. Whether it’s a cash back, low balance transfe.... More »
U.S. Fed gives okay to 30 banks to boost dividends, buy back shares + MORE Jun 29th
But the Fed gave Morgan Stanley only conditional approval because of what were considered weaknesses in its plans dealing with risks
.... More »
How I Ruined My Credit Score: 3 Debt Truths You Need To Know
– ratesupermarket.ca
“You can’t be doing this.”
Those words came from the mouth of my financial advisor as we discussed my credit options. On his side of the desk, a monitor displaying my FICO score. On my side, feelings of sheepishness, frustration, and more than a little bewilderment. He was referring to my longstanding habit of paying just the minimum on my credit card bill – one I always paid dutifully on time, and, unbeknownst to me, was ripping my credit score to shreds.
I had been carrying close to my max limit for several years at that point – a balance I had wracked up in bygone days of early 20’s hijinks. Now that I was considerably more responsible (and making considerably more money), I wasn’t too worried. The debt amount in question was only a few thousand dollars – and after all, I made enough to pay it off eventually, right?
That would be a big, fat, NO. As I was about to learn, carrying an almost-maxed balance is one of the cardinal sins of credit – it’s a sign to lenders that you aren’t responsible with debt repayment…
