Your credit is sometimes bigger than it looks

You might think that your credit rating is important only with credit cards, mortgages or loans- next. On the contrary, this is not the case. In fact, your credit history can determine the available options available to you such as your job and where you live (with your living conditions).

What affects my credit rating?

What affects my credit rating?

In order to avoid a bad credit score, it is imperative to know which factors influence the calculation of your credit score and how your lifestyle affects it as well.

Payment history 35%

A history of late or missed payments will significantly affect your credit rating in a negative way.

Debts 30%

Having a large number of debts each month will also negatively affect your rating as well as your financial health in general.

Duration of your credit history 15%

Your financial health is assessed over time. So, to have a good credit rating, it is important that you have open and active credit accounts for a good period of time.

New requests 10%

Making too many credit requests over a short period of time will also have a negative impact on your credit rating. This could give the impression that you have been denied credit several times.

What information is included in my credit report?

 What information is included in my credit report?

Your credit report will contain some basic information such as your name, address, social insurance number, as well as a list of your current and past employers. However, it will also contain information on all your credit and transaction accounts, cell phone and internet accounts, public and legal accounts, and credit applications. Credit card companies and loan officers may not be the only ones to look at your credit rating during an assessment. Unfortunately, many people realize too late the importance of their credit report. Even with the best of intentions, your credit history could be evaluated. Credit records are part of background checks, even when you apply for volunteer jobs. Here are some examples where your credit history can be very important.

Apply for a new job

A company that hires a manager can very well take a look at your credit history. This can be used as a reflection of your personality, especially regarding your reliability and security. A credit check by an employer is different from that of a credit card company. Your employer will first need your written consent to be able to see your credit rating. You should also know that your credit file contains a lot of other data, to provide potential employers with a wealth of information. Financial data is also valuable to employers if you are applying for a job that involves money or if you need a security clearance.

Need insurance

Depending on the province, some insurance companies may review your credit history before giving you an estimate. They can thus verify the chances that you make your payments on time.

Installation of public services

 Installation of public services

Although heating, water, electricity, and internet are considered necessities, the companies that provide these resources want to make sure that they will be paid. If you have a bad credit, the company may ask you to pay a deposit to protect against losses. After making a number of payments on time, you will get your deposit back.

Buying a phone

 Buying a phone

Having an iPhone or other smartphone is considered the norm these days. However, we sometimes forget how much these phones actually cost. Your payment options for a cell phone may depend on your credit rating. Just like with utilities, starting with a cell phone package may require a deposit if your credit does not meet the requirements.

Be eligible for housing

Whether you’re paying a mortgage or just renting a house, your credit history is very important. People tend to overlook the fact that a credit check is commonplace in the process of selecting a tenant. Finding an affordable and enjoyable place to live is difficult, it will be even more difficult if you have a bad credit history.

Rebuilding a credit history

 Rebuilding a credit history

If past financial mistakes or more difficult financial times have tainted your credit, there are now several things to do that can help you rebuild good credit while waiting for your past problems to disappear from your record. It is also important to know that sometimes inaccurate information can lead to bad credit. You should closely monitor your credit reports for any inaccuracies or identity theft. Even simple mistakes such as a bad address or a misspelled name can cause problems to your credit. Make sure you regularly review your reports for accurate information to avoid future puzzles.

Lifetime return policy? – That's the rules

Even IKEA creates unlimited right of return: What guarantees, warranties and exchange rights you have on purchases in commerce and on the Internet

Image result for ikea right to returnThe well-known Swedish furniture store was one of the few large companies that have promoted a “lifelong return policy”. Two years ago, the company promised customers that they could return purchased goods for a lifetime – recently the company took a step back: since September 1, customers have only a one-year right of return.


For the furniture store, the press echo was not very pleasing – there was talk of a backlash, the right of return was just a marketing gimmick. What many overlook, however:

Even a one-year right of return is still an above-average offer. Stationary trading businesses are not obliged to take back goods that the customer does not like. There is no right to exchange when buying in a shop if the goods are faultless. Only if it is faulty or defective, the dealer must repair or refund the purchase price, if the repair is not possible.

However, many merchants are willing to trade goods in the fight for the customer, and even advertise, for example, with the easy exchange, such as in the Christmas business, so that gifts can be exchanged after the festival.

Pampered by online trading

Many people do not know that the return in shops is only voluntary, because they are spoiled by the online purchase. Here is the 14-day right of withdrawal. Within two weeks of receipt, the goods can be returned without giving any reason. The seller must then refund the purchase price.

In addition, traders who sell their goods in the business, just not obliged. If you give in a right of return or a “guarantee”, this is a voluntary measure that the customer can not insist on. So if you buy in the business, you should know the most important legal rules:

  • Warranty: Each commercial dealer is obliged to give new goods 24 months warranty. For second-hand goods 12 months. In other words: If a defect occurs that the product had before purchase, the dealer must repair the goods or repair them otherwise. If the dealer suspects that the goods were in order during the sale and defects were caused by errors or incorrect operation of the customer, within the first six months after purchase: The dealer must prove that the customer is to blame. After six months, the burden of proof turns around: If a defect then occurs, the customer must prove that the product was already defective at the time of purchase. Such evidence is always difficult to guide. Therefore, customers often have to rely on the goodwill of the trader.
  • Guarantees: Many manufacturers also provide their own warranties – a well-known producer of storage cans even for 30 years. However, there are no regulations on such guarantees. These are always voluntary benefits. Here everyone should read the fine print when buying. If the manufacturer does not provide any information about its own warranties, only the warranty applies.

What’s your favorite cause?

We all have our favorite causes, and live strong bracelets are a great way to support them.
We’ve all seen a live strong bracelet at least once: they’re the thick rubber wristbands sold to support worthwhile causes, like cancer, autism, AIDS, the fight against child abuse, and landmine removal.
These giant rubber wristbands first became popular as a tool in the LIVESTRONG™ anti-cancer movement, spearheaded by a bicyclist and cancer survivor Lance Armstrong, but have since become fashionable all over the bracelet-wearing world.
Proof of work and age should be offered when venturing into the workplace of a payday loan provider- Mothergarden. You should be able to prove you are eighteen or older and that there is a regular income.
Bands for any wrist
Though initially made popular by the LIVESTRONG™ movement, these ‘Livestrong’ bands are the latest way for the everyday person to support a good cause and proudly display that support.
The recent tsunami in Asia and the use of the bracelet bands to raise money for its victims brought them to the entire world’s attention, but the wristbands have since taken on a life of their own. The variety of wristbands displayed on folks’ arms seems endless.
Most such bracelets come with an impressed label showing what they’re for, and they fit just about any wrist. Wristbands for adults and children are easy to find, whether they’re breast cancer pink, miracle blue, anti-racism black-and-white, or lucky green.
You’ll even see multicolored bands on the occasional wrist.
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