The Credit Library blog
Credit, explained, one article at a time
Straight answers on credit scores, credit cards, paying down debt and building credit in Canada.
-
Bank of Canada Raises Rates to 2.5%: What It Means for Your Credit Cards, Debt and Credit Score
The Bank of Canada raised rates to 2.5% on October 28, 2026. Here’s what the hike changes for your credit cards, lines…
-
How Many Credit Cards Should You Have in Canada?
One card, three or ten? Here’s how the number of credit cards you hold affects your credit score, fees and habits in…
-
How Student Loans Affect Your Credit in Canada (2026 Guide)
Canada Student Loans can build your credit or badly damage it. Learn when they show up on your credit report, how RAP…
-
Credit Card Cash Advances in Canada: Fees, Interest and What Counts
A credit card cash advance in Canada means fees, higher interest and no grace period. See what counts as a cash advance,…
-
Renewing Your Mortgage in 2026: Does Your Credit Score Matter?
Renewing your mortgage in 2026? Learn when lenders check your credit at renewal, how the stress test rules changed for switching lenders,…
-
Average Credit Score in Canada by Age and Province (2026)
What’s the average credit score in Canada in 2026? See the latest figures by age group and city, why scores rise as…
-
Co-Signing a Loan in Canada: Risks, Your Credit and Safer Alternatives
Co-signing a loan in Canada makes you responsible for someone else’s debt. Learn how it affects your credit and mortgage plans, how…
-
Moving to Canada: Does Your Credit History Transfer? (2026 Guide)
Your credit history generally doesn’t transfer to Canada. Here’s how newcomers can use foreign credit with some lenders, whether you need a…