Credit Score

Students Need an Education on Their Own Credit Scores

Ashley Redmond | Posted 10.30.2014 | Canada Business
Ashley Redmond

It's time for students to take control of their finances, and the first step in doing that is becoming more knowledgeable. Melissa Jarman, director of student banking at RBC, says there's a lot of work that needs to be done to improve financial knowledge.

A High Credit Score Doesn't Make You Financially Savvy

Douglas Hoyes | Posted 10.23.2014 | Canada Business
Douglas Hoyes

We all want a high credit score, because it makes borrowing less expensive, and a high score proves that I am financially responsible and successful person. Or does it? Here's the sad truth: a high credit score does not prove you are financially savvy

Why Post Secondary Students Must Protect Their Credit Score

Melissa Jarman | Posted 11.03.2014 | Canada
Melissa Jarman

The credit mistakes that students make today can affect them for years to come, so as parents, it is our job to ensure we teach them about responsible credit use. Our kids often look to us for financial advice and guidance but many parents don't fully understand how to build and maintain a good credit score either.

What Really Makes a "High Interest" Loan

Steven Uster | Posted 08.04.2013 | Canada Business
Steven Uster

While the concerns regarding the potential negative impact of certain high interest loans are legitimate, the debate has failed to consider the context in which high interest loans exist. It is too simple to label a loan "high interest" by looking only at the annualized interest rate. There are many other factors that determine the true cost of borrowing.