Category: Personal Finance

5 Credit Card Tips for the New Year

Posted January 13, 2017 by CCC Staff in ,

Woman Thinking About Credit Cards

Happy new year, everyone! We hope your holidays were happy and relaxing. Credit cards may be the last thing on your mind in January (until you get your statement with your holiday spending), but here’s why they should be top of mind. One of the most common New Year’s Resolutions is to pay down debt. If you’re carrying a balance on your credit card, it’s the perfect place to start.

Here are five credit card tips to start the new year off right.

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Celebrating the Importance of Financial Literacy in November

Posted November 3, 2016 by CCC Staff in

Financial Literacy Month

November is a busy month. We have “Movember,” an annual event where men grow mustaches to raise awareness of cancer. Clocks go back an hour for daylight saving time in most provinces. If that wasn’t enough, November is also financial literacy month. Financial literacy affects so many areas of our lives, such as our finances and the relationships with loved ones. Let’s take a look at what financial literacy is and why it matters so much.

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What is a Thin Credit File?

Posted October 17, 2016 by CCC Staff in ,

Credit Information

While being called thin or slender in terms of your physique is often considered a good thing, having a “thin” credit file isn’t. A thin credit file is a special insider term used by the credit reporting agencies. Equifax and TransUnion consider your credit file thin if they lack sufficient information to calculate a credit score for you.

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Fintech Firms Give Canadians Access to Their Credit Score for Free

Posted July 7, 2016 by cccadmin in

Credit Score on Phone

Fintech (short for financial technology) is reshaping the financial industry. Mobile payments arriving at Canada’s big banks is only the beginning. If you wanted to know your credit score, previously you had to pay Canadian credit bureaus Transunion or Equifax up to $24 – not anymore. Thanks to Fintech firms like Borrowell and Mogo, you can access your credit score online for free.

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Prepaid Cards Offer Convenience at a Cost

Posted June 14, 2016 by cccadmin in

Debit Cards in Pocket

Prepaid debit cards can be a convenient gift, but that convenience comes at a cost. CBC News recently wrote a story about a Halifax woman who was upset to discover the fees that come along with them. MasterCard and Visa market these cards as a smart alternative to cash. They work just like regular credit cards and are accepted at millions of retailers worldwide, but as you’ll soon find out, they act more like debit cards.

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