Could a small change to how someone manages a credit card each month really cut interest and improve their credit score? Many Canadians find that a few extra payments during the cycle lower reported balances and help avoid interest charges. Making at least the minimum by the due date keeps the account current, while clearing […]
Tag Archives: Debt management
13
Nov
Nov
Could simple moves today save hundreds when borrowing tomorrow? When rising interest rates push borrowing costs up, people in Canada should act early to protect their money and budget. Missing payments can trigger higher card rates and fees, so on-time payments matter. Practical ways include paying down debt, trimming monthly expenses, and consolidating high-rate balances. […]
13
Nov
Nov
Could a single advertised percentage change how lenders view their risk and alter someone’s borrowing power in Canada? This introduction explains how every published number—from a 5‑year fixed at 3.79% or a 5‑year variable at 3.45% shown on Ratehub.ca, to EQ Bank’s 2.75% on a chequing-like account and Oaken Financial’s 2.80% savings—shapes a person’s credit […]