Credit score myth

Credit scores are a tricky thing: Canada’s two bureaus, Equifax and TransUnion, consider their scoring models “proprietary” and don’t disclose their exact methods. As such, there are several half-truths, misunderstandings, and straight-up falsities about the factors … Read More

So, your credit score is in the dumps. Maybe you consistently make late payments, maxed out your credit cards, or straight up ignored a bill until it was sent to a collections agency. Whatever the reason, … 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

When I rented my first apartment in Toronto, my dad co-signed the lease. Despite having a full-time job and an excellent credit score, being a recent graduate and a first-time renter in a high-rise full of … Read More

There’s a persistent, pesky myth in personal finance that checking your credit score will lower it. It’s time to clear up the confusion once and for all: pulling your own credit score will not negatively affect … Read More