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How to renovate your home on a fixed income
– moneysense.ca
But just because you’re on a tight budget doesn’t mean you’re stuck with your dated décor and dysfunctional layout. There are options, even for those who can’t tap into a steady flow of extra cash. Let’s explore what’s possible.
Why traditional mortgages and HELOCs may not be the answer
For many people, the first thought when looking to finance home renovations is a traditional mortgage or a home equity line of credit (HELOC). But for seniors living on a fixed income, this may not be a viable option…
New to Canada? A new way to transfer your credit score
– moneysense.ca
The credit reporting company said Thursday that the Global Consumer Credit File will make it easier for immigrants to access services like loans and cellphone plans in Canada by providing the additional data.
“It’s really important when newcomers land that they get access to the financial services ecosystem, and without credit history that’s very difficult to do,” said Sue Hutchison, head of Equifax Canada.
“They’re typically looking to, you know, rent an apartment, get a mobile phone, probably a credit card, and all of those things require credit history. So not having it makes it very difficult for newcomers.”
Also read
Earning, saving and spending in Canada: A guide for new immigrants
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What is Nova Credit? What does it offer?
Equifax isn’t the first to launch such a program in Canada…