Articles About Equifax

Removing a Charge-Off From a Credit Report

Creditors use charge-offs as a last resort when a borrower stops paying a credit card, personal loan, or other debt. At that time, the debt is moved to the creditor’s bad credit ledger and the charge-off is reported as a derogatory remark on the credit file. Although a lender may write off a debt, it doesn’t end there for the borrower. A charge-off does not make the debt disappear. Removing a charge-off from a credit report is possible but there are no shortcuts in the process.

Is There a Minimum Credit Score for Renting an Apartment in Canada in 2022?

Most landlords and rental companies check the credit scores of potential tenants as part of their application process. But is there a minimum credit score requirement for renting an apartment in Canada? Here’s what you need to know about credit scores and renting in 2022.

What is a Good Credit Score in Canada in 2022?

A good credit score can go a long way in Canada when it comes to getting approved for a credit card, line of credit, or loan. So if you’re planning to borrow funds or apply for any type of credit in 2022, you should know what a good credit score looks like.

Canadian Credit Score Averages

A good credit score is one of the most valuable tools in the box when it comes to financial management. In addition to providing purchasing power, credit is important since potential employers and landlords also take a look at it to make approval decisions. These are reasons Canadians should know their credit score and work to keep it as high as possible.

Business Credit Scores: The Vital Statistics of Company Success

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.

Top Must-Have Tools for Small Businesses

9 Must-Have Tools for Small Businesses

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.

Comparing Credit Score Averages in Canada and the United States

Maintaining a healthy, if not perfect, credit score should be a top financial priority. What are the average credit scores for people in Canada and the United States? Are there differences in how scores are calculated in these countries?

Canada is a global financial industry powerhouse; so why isn’t its FinTech sector?

The imbalance between the relative successes of Canada’s major financial institutions and the relative anonymity of its FinTech sector was a key area of focus throughout the daylong AltFi Toronto event. The stage played host to a range of experts from tech and finance, from Canada and abroad, each offering their thoughts on why the country’s FinTech industry is lagging behind, and how best to enable it to catch up.

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