With a number of student loan applicants being recent high school graduates, these kinds of loans can be a crash course in credit, repayment and all of those confusing financial terms in between! To help you make an informed decision, we’ve prepared some did-you-knows about receiving and paying back a BC student loan that we have gathered from a few sources. 

It’s the sixth-annual Credit Education Week Canada – an event spearheaded by Credit Canada Debt Solutions and Capital One Canada with the objective of raising public awareness and educating Canadians about the issues and challenges we may face when managing our finances.

When was the last time you checked your credit report? Businesses which approve credit for products such as credit cards, automobile financing, or home mortgages use credit reports as a tool to assess your credit “worthiness”.

In many ways, credit cards make our lives easier. So long as you are realistic about how much you use your credit card, they can be a great way to take advantage perks such as travel points or cash back rewards. This being said, they can also be a source of frustration when they lost or stolen or if someone had made fraudulent charges. Here are some tips on reducing the risk of credit card fraud.

Recently I was furniture shopping and found a perfect dining room suite. I thought to myself that even though it was expensive, if I purchased it on credit I wouldn't have to pay interest for a whole year. It sounded like a great deal but was there a catch? What did the interest start adding up and what was I responsible for?

I remember receiving my first credit card and thinking about how I could go out and buy anything I wanted and not pay until I got the bill.  The bill did come, along with a payment due date and an interest rate attached to any unpaid balance.  I realized if I didn’t pay my bill on time, suddenly that $25 bargain would end up costing me a lot more.