Credit score

Best prepaid credit cards in Canada

The Best Prepaid Credit Cards in Canada

Deciding on the best prepaid credit cards in Canada is pretty subjective. Some people are looking for a prepaid credit card because they want to increase their credit score while others prefer a hybrid card that allows you to preload funds and get rewards while using a credit card network. Prepaid credit cards don’t give…

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How many credit cards should I have

How Many Credit Cards Should I Have?

How many credit cards should I have is a question many people ask. Some people ask this when they have just one card while others wonder the same thing when they already hold multiple cards.  There’s technically no wrong answer if you use your credit cards responsibly. However, if you apply for too many cards,…

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KOHO Credit Building Review

I love KOHO. It’s easily the best prepaid credit card in Canada, but one major thing working against it is the fact that you don’t build any credit while using the card. Well, that’s no longer an issue since KOHO recently introduced a credit building feature. To be clear, the credit building feature is optional.…

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The Best Credit Cards for Bad Credit

You may have heard that having a good credit score is something you should strive for, but what does that mean? Well, our credit score is a number between 300 and 900, the higher the number, the better our credit score is. This is important since we require a high credit score if we ever…

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When you apply for a credit card you take a hit on your credit score.

Does Applying for a Credit Card Affect Your Credit Score?

Just about everyone has a credit card, but many people are hesitant to get more than one. I personally think you should always carry more than one in case you run into any issues using your main card, but I understand why some people prefer to stick to just one. Some people are concerned that…

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How to Build Credit as A new Immigrant

How to Build Credit as A new Immigrant

If you recently arrived in Canada, you’re likely wondering how to build credit as a new immigrant? The process of building a credit history and credit score in Canada is easy. However, depending on your circumstances, getting a good credit score may take some time. Regardless of your situation, building your credit score in Canada…

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7 Reasons Why Your Credit Card Application Was Denied

Applying for a new credit card should be a pretty straightforward process. You find a card that you’re interested in, you put in your personal information, and you hit apply. If things go well, you’ll be approved instantly. However, sometimes, there’s not an immediate decision and you need to wait 7-10 business days to see…

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fraud and identity theft

8 Ways to Protect Yourself From Fraud and Identity Theft

Every year there seems to be a major cyberattack in Canada. The most recent one being the cyberattack on the Canada Revenue Agency which exposed the data of many Canadians. Shortly after that information was compromised, hackers used it to change the banking information of victims so they could fraudulently accept CERB payments. It sounds…

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How to Improve Your Credit Score

How to improve your credit score is one of the most common questions Canadians ask when it comes to their personal finances. Unlike your budget and spending, you have no real control over your credit score. Yes, there are various things that you can do that will increase or decrease your credit score, but since…

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Why You Shouldn’t Fund Your Travels on Credit

Hands up if you need a vacation? Okay, put your hand down, people are going to think you’re crazy if you’re putting your hands up wherever you’re reading this. I think it’s fair to say that the majority of us could use a vacation right now. Heck, quite often I need a vacation from my…

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