Once your bankruptcy is finalized, your credit score may drop significantly. In Canada, bankruptcy remains on your credit report for up to 10 years (or 7 years after discharge). However, you don’t have to wait for it to disappear to begin rebuilding your credit. If you’re wondering how to rebuild credit after bankruptcy, the process…
Debt can be an overwhelming burden, and dealing with a debt collector can be stressful. Understanding your rights and responsibilities when a collection agency contacts you is crucial in managing the situation effectively. In this guide, we will explore the role of debt collectors, what happens when your debt is sent to collections, and the…
Car insurance is legally required in all Canadian jurisdictions for anyone operating a vehicle, and every driver must purchase a policy. However, there are situations where you might need to cancel your car insurance. For instance, you may want to switch providers for a better deal, no longer own a vehicle and no longer need…
Thinking about buying a home? Getting approved for a mortgage in Canada requires thorough preparation, both mentally and financially. While exploring open houses and finding a realtor might feel like natural starting points, a key focus for prospective buyers should be securing mortgage approval. Qualifying for a mortgage is the most significant step in the…