A January 2022 report found that more and more Canadians are adopting “bad financial habits,” including making minimum credit card payments and borrowing money that cannot be repaid quickly. A January 2022 report from one of Canada’s largest chartered professional accounting and business advisory firms found that more and more Canadians are adopting what Meyers … Read more
Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. When it comes to paying for some of life’s biggest expenses – a home improvement, a … Read more
Personal loans offer a way to pay off credit card debt at a fixed interest rate and a low monthly payment. (iStock) Making minimum payments on your credit cards can be an expensive way to get out of debt, and it’s even more frustrating when even minimum payments are unaffordable. Since credit card interest accrues … Read more
Image source: Getty Images Don’t leave your old cards open – unless it benefits you. Key points Closing credit cards can sometimes hurt your credit score, so it’s usually best to keep old cards open. If you’re worried about spending too much or want a no-fee card, it might be time to close your current … Read more
Consolidating your credit card debt into a personal loan at a lower rate can help you get out of debt faster and save extra money on interest charges. (iStock) Credit cards can give savvy consumers a way to earn rewards on everyday spending, but they can also create a cycle of high-interest debt that’s hard … Read more
Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. Vacation loans are personal loans that you … Read more
Most Americans have debt, whether it’s student loans, a mortgage, a credit card, or a car loan. But what happens to debt management when you are retired or close to retirement? While many Americans were able to pay off some of their debt at the start of the pandemic when restrictions on activity and aid … Read more
Image source: Getty Images Infrequent use of credit cards can have undesirable consequences. Key points If you don’t use a credit card often, it’s usually a good idea to keep it open. Closing credit card accounts could hurt your credit score. Sometimes card issuers will close your card if you don’t use it often. Credit … Read more
Although credit cards can offer a way to cover unexpected expenses and emergency purchases, this type of high-interest debt can be difficult to pay off. Here’s how to pay off $20,000 in credit card balances faster. (iStock) Credit card debt can take a toll on a household’s finances and can be difficult to pay off … Read more
Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. When shopping online at a major retailer, you’ve probably noticed the option of using a “buy … Read more
