For many newcomers to Canada, personal and financial goals can feel like they are pulling in opposite directions. You want to say yes to everything—travel, dinners out, live…
Read more Balancing personal and financial goals as you build a new life in Canada – MoneySenseRent reporting can help boosts credit scores “Your rent is your biggest monthly obligation for debt payments so it’s unfair that it’s not counted towards building your credit,”…
Read more How your rent payments can help build your credit history – MoneySenseAccording to a 2025 TD survey, 92% of newcomers understood the importance of building credit before arriving in Canada. Yet 82% of those who applied for credit faced…
Read more How bad access to credit keeps newcomers from getting ahead – MoneySenseThe innovative card provides financial institutions with a safe and accessible option for consumers to build or improve their credit history. NEW YORK, November 12, 2024 (Newswire.com) –…
Read more Omniwire Launches New Credit Builder Debit CardHow to get a credit card in Canada Well, you apply. But make sure you’re applying for the right card and that you have a high chance of…
Read more How to build credit history in Canada – MoneySenseIf you find that you no longer need the credit, review any potential closure fees before deciding to cancel the card, too. Instead, you could look into downgrading…
Read more What happens if you don’t use your credit card? – MoneySenseWhat is a credit score? A credit score is a three-digit number, usually between 300 and 900, that banks and other lenders use to determine how likely you…
Read more How to use your credit card responsibly – MoneySenseHaving a delinquency on your credit report can also make it more challenging to get approved for a credit card as banks see you as a high-risk applicant.…
Read more What happens if you get rejected for a credit card? – MoneySenseTo close a credit card, the balance is $0. If there’s a substantial balance on the remaining cards, it’s going to increase the credit utilization ratio. And, if…
Read more What does opening or cancelling a credit card do to my credit score? – MoneySense
