What we do know, however, is the type of fraud reported most often in Canada: identity fraud. To pull this off, criminals use phishing scams and other ruses…
Read more How to protect yourself from identity fraud in Canada – MoneySenseThe reality is that more and more Canadians are falling behind on credit payments. Thanks to the spike in inflation that occurred after the pandemic lockdowns were lifted,…
Read more Loans for Canadians with bad credit: How to improve your score – MoneySense1. Review your credit report for errors It’s important to review your credit report and score at least once a year, especially when you’re trying to improve it.…
Read more How to fix bad credit history in Canada: 3 steps to boost your score – 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? – 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
