EQ Bank Review

Robert PalumboBlog

eq bank review

Guest Written By: Janine Rogan Money Well Banked is the tagline for one of Canada’s newest online financial institutions; EQ Bank. EQ Bank is a trademark of Equitable Bank, used to describe their new digital bank – featuring no monthly fees and great rates to help you save. EQ offers free everyday banking to Canadians with their Savings Plus Account, … Read More

True North Mortgage Review

Robert PalumboBlog

true north mortgage review

True North Mortgage Review Guest Written by: Janine Rogan Home ownership seems to be the ticket into adulthood. Boomers and Generation X swear by the real estate market and want their children the millennials to get in as soon as possible so they to can reap the rewards. Gone are the days however, that you stay loyal to your bank … Read More

Know Your Credit Score in Canada Day – March 31st

Robert PalumboBlog, News

Have you ever gone online to check your credit score? Only about 14% of Canadians have… but Borrowell wants to change that for Canadians from coast to coast. That’s why Borrowell is sponsoring “Know Your Credit Score Day in Canada” on Friday, March 31st, 2017. Why does this matter? Your credit score can affect your ability to get approved for … Read More

4 Resolutions To Make 2017 Way Better Than 2016

Robert PalumboBlog

2017goals

BOLD Prediction: 2017 is going to be waaay better than 2016. It just has to be. This is doubly true if you get started on the right financial footing. So, we are going to recommend four financial resolutions that will allow you to improve your financial health while keeping up a great lifestyle in the new year. See ya later, … Read More

7 Simple Tips to Save $5,000 in 2017

Robert PalumboBlog

We are one month away from 2017. If you’re reading this, you would probably love another $5,000 in your wallet. Who wouldn’t? Our solution: We are going to share 7 different tips with each tip saving you approximately $60 per month. If you manage to tackle all 7 tips, this can add up to over $5,000 per year (7 tips … Read More

Different Types of Credit And Why Variety Is The Spice Of Life

Robert PalumboBlog

We’ve chatted a lot about credit, credit scores , and what determines your magic number – but what about the types of credit we have, and how those affect our score? Different types of credit carry weight in different ways. For example, paying a mortgage means that your amount owed decreases monthly, whereas paying a credit card is seen as a higher-risk … Read More

Does It Hurt My Credit When I Check My Rate or Score?

Robert PalumboBlog

checkingscore

Credit inquiries count for 10% of your overall credit score. Surprised it’s that low? I was. It’s pretty engrained in us responsible Canadians not to apply for credit willy-nilly.However, getting quotes online with personal loan companie s like Borrowell are considered “soft” inquiries and do not affect your credit score. Similarly, it won’t affect your credit score when you check your credit score with Borrowell.It’s only if you’re going … Read More

Why You Should Think Twice About Cancelling That Credit Card

Robert PalumboBlog

Credit history makes up a solid 15% of your credit score . The 15% is weighed on how long your accounts have been open, and how long it has been since you have been using those accounts (AKA, are they active?). To create a solid history, credit bureaus would prefer a minimum of six months under your belt. Therefore, before you close … Read More