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finance terms

Good Debt vs. Bad Debt

April 1, 2013

It can be virtually impossible to live without any debt; as many Canadians are unable to pay cash for their homes, cars or post-secondary education. There are many situations where it makes sense to borrow money, while others it does not. It’s very easy to spend more than you can afford – especially with loans and…

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Credit Rating and Credit Score

The importance of your credit rating

February 13, 2013

Consumers are becoming quite reliant on credit to live their daily lives, and some are accumulating debt well over their budgets. According to recent data from the Credit …

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credit score how to protect

How to Protect Your Credit

January 23, 2013

Credit Bureaus monitor credit utilization, debt levels, payment history, and current employers. They also capture collection items, bankruptcies, consumer proposals, and public records from Canadian courthouses. The largest credit bureau agencies in Canada include Trans Union, Equifax and Experian. These bureaus have compiled nationwide databases of consumer…

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