YourCreditReport.ca: credit reports, credit cards, fixing your credit and personal bankruptcy in Canada

It’s important to remember that credit grantors have different policies when it comes to divorced couples and joint accounts. Be sure to contact each of your creditors individually to discuss whether you or your ex-spouse will have ongoing liability for the accounts.

Also, ask them how to transfer your joint debt to the name of the [...]

Step 1: An inconvenient soul search
Before you can create an action plan, you should assess your current financial situation. On a clean piece of paper, on the left side, write down all of your monthly bills. On the right side, list your monthly income or revenue sources. Now, on the left side, scratch off things [...]

Because so much depends on your credit record and credit score, you should be aware of the pitfalls that can tarnish your financial reputation. That’s why FDIC Consumer News has compiled this list of common mistakes that can significantly affect your credit history and credit score.

1. Paying bills late: One of the biggest factors in [...]