Canadians are well acquainted with the concept of IOU. According to TransUnion, the average Canadian’s non-mortgage consumer debt load climbed to $29,312 in the fourth quarter of 2017, with an average credit card balance of $4,154. Consumer … Read More
Your 20s can be an awesome and awkward time of your life. You’ve finished school and you’re now starting to work full-time. You’re an adult! The problem is, they don’t exactly teach you money management in … Read More
If you’re carrying credit card debt, it makes sense to pay it off as soon as possible. To do this, you have a few options to accelerate the speed with which you can pay it off, … Read More
When used properly, credit cards can be a good money management tool. However, if you’re not careful with your spending, you can rack up consumer debt and stress yourself out.
Having a good credit score is one of those things you always hear about, without necessarily understanding what it means. Your credit score is a number between 300-900 that determines your creditworthiness in the eyes of … Read More
It’s one of the more perplexing credit score myths I’ve come across: the idea that not having a credit card will improve your score. This is false, and I find this myth particularly bizarre; it’s like … Read More
Yesterday, Ratehub.ca’s second annual Digital Money Trends Report revealed how Canadians are using technology to manage their personal finances. We surveyed 1,000 Canadians for the report, and mixed in our own anonymous user data to find … Read More
Post-secondary education is expensive. Gone are the days when a summer job could cover tuition and books. Today’s students and graduates are forced to rely on loans and credit cards while working during the school year. … Read More
In an ideal world, you’ll be able to pay off all of your debt before buying a home. But as more and more Canadians carry credit card debt, the idea of purchasing a home after becoming … Read More
Low interest rate credit cards are a great option for those who tend to carry an outstanding balance on their statement. Unlike balance transfer credit cards, which have a temporary promotional period during which users will be … Read More