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Tag: Rebecca Schaafsma

How is your Credit Score calculated?

July 21, 2015

What’s in my FICO Scores FICO® Scores are calculated from several different pieces of credit data in your credit report. This data is grouped into five categories as outlined below. The percentages in the chart reflect how important each of the categories is in determining how your FICO Scores are calculated. How a FICO Score breaks […]

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Debt Relief Canada: Your Rights when dealing with Collection Agencies

June 4, 2015

The law In Ontario, collection agencies must be registered with the Government of If you’re contacted Before a collection agency can contact you they need to send you a written notice through regular mail (email doesn’t count).   This notice must include: the name of the person or business that says you owe them money […]

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The debt ‘crisis’ in Canada? If your paycheque is $100,000 plus, that means you

May 14, 2015

Source: Theresa Tedesco | May 8, 2015 | Last Updated: May 11 11:50 AM ET More from Theresa Tedesco | @tedescott They are professionals with university degrees, living in thriving economic regions like British Columbia, Alberta and Ontario, and earning at least $100,000 a year. They are also in hock for close to two times […]

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Occupy Wall Street activists buy $15m of Americans’ personal debt

November 14, 2013

Rolling Jubilee spent $400,000 to purchase debt cheaply from banks before ‘abolishing’ it, freeing individuals from their bills   ‘Our primary purpose was to spread information about the workings of this secondary debt market,’ said Andrew Ross. Photograph: Spencer Platt/Getty Images A group of Occupy Wall Street activists has bought almost $15m of Americans’ personal debt […]

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What is a Credit Rating?

September 26, 2013

What is a Credit Rating? Every piece of credit history information in your credit file is assigned a rating by the credit grantor. The most common ratings are “R” ratings. These are known as North American Standard Account Ratings. The “R” indicates that the item being described involves revolving credit. If you always pay on […]

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Consolidated Credit Counseling – Beware!

September 10, 2013

Consolidated Credit Counseling Services of Canada operates without certified counsellors   One of Canada’s most recognizable not-for-profit credit counselling agencies does not employ any certified credit counsellors and industry sources claim counsellors are instructed to engage in practices that take advantage of clients mired in debt. Consolidated Credit Counseling Services of Canada Inc., an agency […]

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