Search
Your credit score is an essential component to your financial success. But do you know how to improve credit score in Canada? If you're proactive, hardworking, and have discipline, then it's entirely possible to improve your credit score in Canada by following these tips.
You’ve requested an insurance quote and the broker asks if you consent to a credit check… wait, what? Why do insurance companies check credit? Is it even legal? Will it benefit you to say yes? Let us answer all your questions about why insurance companies check credit.
Credit cards are commonplace in our society and, when used wisely, they can be a helpful financial tool. If you’re not careful, credit card debt can easily spiral out of control, especially with a high interest rate at 20%. Emergencies do happen and maybe your credit card debt has built up to a point that it feels insurmountable, but with these strategies on how to pay off credit cards, you can get back on track!
Many of the Billyard Insurance Group insurance partners will use credit score, where permitted by provincial regulations, as a rating factor to determine home insurance premiums. The value of using credit score has been demonstrated as a useful and accurate predictor for future home insurance claims. In fact, most major property insurers in Canada have been using credit score for years.