Tag - Credit Rating

July 2017

October 2016

loan-repay-consumer-proposal

Is it a good idea to take out a bank loan to repay your consumer proposal?

Recovering financial health is often the main concern of people who must repay a consumer debt proposal. This is why some people consider taking out a loan to pay it off more quickly. But is this solution actually advantageous? (more…)

January 2016

criteria to get a debt consolidation loan and alternatives

Criteria to get a debt consolidation loan and alternatives if that doesn’t work out

Debt consolidation is one of the first solutions people think of when in debt. The reason is that it offers many advantages. It is not easy to get a debt consolidation loan. Banks will look at many criteria to screen out applicants. (more…)

May 2015

get a free copy of your credit report

How to obtain a free copy of your credit report

Your credit report represents roughly your financial footprint. It provides your payment habits, your bank accounts history and inquiries made about your credit report. Therefore you have every interest in being aware of its content and in making sure that it remains accurate. Besides, you can access it for free. (more…)

February 2015

buying house after bankruptcy

Buying a house after bankruptcy

Governed by the Bankruptcy and Insolvency Act (BIA) — which is regulated by the Office of the Superintendent of Bankruptcy Canada (OSB) —, bankruptcy allows insolvent persons to write off their debts and to have a fresh start. People are obviously very preoccupied by the impact of such a procedure on their credit rating. In Canada, between 70,000 and 75,000 people file for bankruptcy every year. Therefore, all these individuals whose credit rating is damaged may face a tremendous challenge when they afterwards consider buying a house or moving. (more…)

September 2014