Matt Haughey has a great post on how credit scores work Today I learned that my credit score dropped into the high 600s and my risk just went from low to medium. The culprit? The credit card account I opened had "too low of a limit" (it started at $5k) and I had "too high [...]
personal finance
Canada’s Personal Debt Crisis
According to the Globe and Mail Sometimes, recessions can breed a hunker-down-and-save mentality. Not so this time. Canadian household debt – a perennial worry in recent years – has ballooned to a point where it’s now more than double 1989 levels – just as rising borrowing costs are set to squeeze budgets, a national report [...]
