Does Applying for a Credit Card Hurt Your Credit Score?
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Published by Mohamed Konate | Updated Feb 04, 2025
Does Applying for a Credit Card Hurt Your Credit Score?
Reading Time: 4 Min Your credit score provides a quick snapshot of your creditworthiness as a borrower. Lenders use your credit score and report to assess how likely you are to repay future debts. From there, a lender will determine whether they will extend new credit to you, such as a credit card. Naturally, this means your credit score… Continue reading Does Applying for a Credit Card Hurt Your Credit Score?
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Published by Mohamed Konate | Updated Nov 24, 2023
How to Get a US Credit Card in Canada
Reading Time: 3 Min As a Canadian consumer, you may be aware of the remarkable benefits offered by US credit cards. Let’s delve into the details of how to get a US credit card in Canada. Why Should Canadians Consider US Credit Cards? The US credit card market is incredibly lucrative, offering remarkable advantages to cardholders. These perks range… Continue reading How to Get a US Credit Card in Canada
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Published by Mohamed Konate | Updated Feb 04, 2025
All You Need to Know About the Mortgage Stress Test
Reading Time: 7 Min Buying a home is a long-cherished dream of many Canadians. However, the process is not easy, especially with a limited income. You will have to look at all the options and related risks involved to make a safe decision. One of the things you need to know is the mortgage stress test.
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Published by Mohamed Konate | Updated Jan 11, 2024
Savings Account Guide 2024
Reading Time: 6 Min Savings Account Guide: What You Need to Know Learn the basics of savings accounts and how they can help you reach your short-term financial goals. What is a Savings Account? A savings account is a bank account that pays interest on your deposits. They’re available through the Big 5 banks and online-only self-serve banks.… Continue reading Savings Account Guide 2024
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Published by Mohamed Konate | Updated Jan 11, 2024
TFSA Withdrawals Rules
Reading Time: 6 Min A TFSA, or tax-free savings account, is one of the most powerful saving and investing tools available to Canadians. At some point, you may need to access the money within your TFSA for a home down payment, tuition, emergency or virtually any other reason. Thankfully, making a withdrawal from a TFSA is quite simple, but… Continue reading TFSA Withdrawals Rules
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Published by Mohamed Konate | Updated Jan 11, 2024
RRSP Withdrawals Rules
Reading Time: 6 Min RRSP Withdrawals Rules In 1957, the Government of Canada introduced RRSPs to Canadians as a way to motivate them to save for retirement. Today, RRSPs continue to be one of the most powerful retirement savings tools available to Canadians. In general, withdrawing from an RRSP should be avoided because of all the severe consequences. However,… Continue reading RRSP Withdrawals Rules
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