Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Canadians’ Spending Habits and Payment Preferences are Changing Jun 17th
According to a recent study by Payments Canada, the COVID-19 pandemic is changing Canadians’ spending habits. The study found that 62% of Canadians are using less cash, and 42% avoid shopping at places that don’t accept contactless payments altogether.
Moreover, 53% of consumers reported using .... More »
What Are Blue Chip Stocks and Which Canadian Companies Top the List? Jul 27th
I recently published my list of the Top 100 Canadian Dividend Stocks for 2020. In addition to paying consistent dividends, many of the companies on my list had something else in common. That is, they are considered to be blue chip stocks. But what does the term blue chip really mean, and how can you.... More »
Advice for cash-strapped renters and landlords during COVID-19 May 16th
When the COVID-19 pandemic swept across North America in early 2020, it created a wave of income loss that impacted people from all walks of life. While some individuals have been hit harder than others, it’s difficult to find a group or industry that hasn’t been affected. A small segment of the.... More »
The best bank accounts for students in Canada 2020 Apr 10th
Table of contents
The best bank accounts for students in Canada
The best online bank accounts for students in Canada
What is a student bank account?
What do you need to open a student bank account?
How to choose the best student bank account for you
With the cost of tuition and books—not t.... More »
Quiz: How Well Do You Know Your Credit Card? Jul 7th
According to the 2019 Canada Credit Card Satisfaction Study by J.D. Power, “customers who fully understand the benefits offered by their credit card issuer have significantly higher satisfaction levels compared with those who do not completely understand the benefits.”
Customers are more satisf.... More »
Why Do I Get Different Credit Scores from Different Websites in Canada?
– ratesupermarket.ca
Have you received a different credit score from a credit monitoring website than you did when applying for a car loan or mortgage? This isn’t just surprising for you: it’s a likely result. Canadians can use several free credit report sites to monitor their credit; they can also pay for credit monitoring and access to their scores. These scores aren’t the same as the ones used by banks, mortgage lenders, and credit card companies.
What are the different credit monitoring companies providing scores to Canadians?
There are several free credit monitoring services offering their own credit scores to help consumers monitor their credit use, including Credit Karma, Mogo, and Borrowell. These services can be useful to determine if your credit information is accurate. Lenders don’t use these scores to determine your credit-worthiness, so they are meaningless when it’s time to apply for a credit card or mortgage.
Most credit decisions in Canada are made based on the FICO score, which is created by the Fair Isaac Corporation, a U…
Why Do I Get Different Credit Scores from Different Websites in Canada?
– ratesupermarket.ca
Have you received a different credit score from a credit monitoring website than you did when applying for a car loan or mortgage? This isn’t just surprising for you: it’s a likely result. Canadians can use several free credit report sites to monitor their credit; they can also pay for credit monitoring and access to their scores. These scores aren’t the same as the ones used by banks, mortgage lenders, and credit card companies.
What are the different credit monitoring companies providing scores to Canadians?
There are several free credit monitoring services offering their own credit scores to help consumers monitor their credit use, including Credit Karma, Mogo, and Borrowell. These services can be useful to determine if your credit information is accurate. Lenders don’t use these scores to determine your credit-worthiness, so they are meaningless when it’s time to apply for a credit card or mortgage.
Most credit decisions in Canada are made based on the FICO score, which is created by the Fair Isaac Corporation, a U…
