How to improve your credit score

Your credit score determines how much you qualify to borrow and how much you’re charged for a loan. Here are 7 tips to help boost your score.

Two mom's cooking in the kitchen with their baby

Taking control of Your Debt

According to a study by credit rating agency Equifax, $73,532 is the average debt load for Canadian consumers. Mortgages make up a significant portion of that number, with non-mortgage debt, like credit cards, auto loans, and lines of credit decreasing overall.

The Difference Between Loans and Lines of Credit

Everyone has a time in their life when they need access to more cash than they have available. So, what are the differences between loans and lines of credit?

Creditor Insurance
Protect your loved ones and gain peace of mind. Our payment protection† benefit ensures your financial obligations will be met if you experience disability, critical illness or job loss, or in the event of your death.

Creditor insurance is available for the following products in the event of death, disability, and critical illness:

Mortgages
Personal loans
Lines of Credit

Furthermore, creditor insurance is also available for the following products in the event of job loss:

Mortgages

Legal

†Payment Protection Legal Disclaimer:
Creditor’s group insurance coverage is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details.

Benefits of a Fig personal loan

Articles

How to improve your credit score

Taking control of Your Debt

The Difference Between Loans and Lines of Credit

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