Learn how business credit is determined, what you’ll use it for and how you can make sure your score puts you on the right footing with prospective business loan lenders.
A credit card is a financial tool that can benefit the user’s financial profile if used properly. The decision to use credit cards or not is based upon a multitude of factors that are unique to the individual. But many people have unanswered questions that prevent them from applying for a credit card.
If you are in the market for a property, one of the determining factors to get approved for a mortgage is a credit score. Sure, you need a down payment, and income but a credit score shows lenders how you manage credit. Without an acceptable credit score, getting a mortgage will prove to be a challenge. Here’s what you need to know about your credit score in order to get approved for a mortgage in Canada.
Every Canadian has a credit score, but most of us have a pretty foggy understanding of what they mean and how they work. Despite this veil of secrecy, there are a number of simple best practices you can employ to improve your credit score over time. If you follow these tips, you’ll be well on your way to a stable financial future!
It isn’t always easy to spot misinformation because of the volume of money myths going around. Therefore, there’s no greater time than the present to debunk myths that have impacted how people use credit, save money, and make investments. In no particular order, here are ten of the most popular money myths!
There is a large number of graduates raised in homes where money management was not a topic of discussion on a regular basis. But not all is lost by a long shot. It is absolutely possible to enjoy life as a young adult and practice wise personal finance management at the same time.
No matter how large or small, every business will need to have access to credit in some way or another. Good business credit scores will make a difference in the type, rates, and terms of loans that will be offered. These steps go a long way to ensure a healthy and viable business now and into the future.
Entrepreneurs always have their plates full; let it be the sales, accounting, marketing of their business, or personal life. Since everyone has a limited number of hours in any given day, it is critical to use your time strategically. Smart money always suggests using tools for day-to-day business operations. Our team decided to list business tools that can make an entrepreneur’s life a little more easy.