I have a confession to make. Before I got my financial affairs in order, I was overly dependent on overdraft protection. For at least two years, my bank account would rise above $0 on payday for a brief moment but as soon as I was done tackling my expenses, it would slip to a negative balance. 

According to the Financial Consumer Agency of Canada, overdraft protection “isn’t meant to be an ongoing option to manage any money shortfall.”

This article has been updated from a previous version. 

In the legal world, having “title” to property means that you are its legal owner. Title insurance is the policy that protects commercial or residential owners against any losses to the property’s title or ownership, such as fraud, undisclosed liens or any other issues that may prevent you from freely owning the property.  

This article has been updated from a previous version.

If you’re reading this, you’ve likely gotten yourself into a bit of trouble, financially speaking. Although having a poor credit score can make certain aspects of your life challenging, it isn’t impossible to recover from. That said, rebuilding your credit takes time and the willingness to make some changes.

This article has been updated from a previous version.

Do you know your credit score?

If so, have you ever stopped to think about what it means?

Credit scores can be mysterious, and you may find you know little about how they impact your life even after a crash course in how credit scores are calculated. Many people think they only have one score, but that’s not the case.

Depending on your car insurance policy, your auto insurance provider may require you to report an accident within seven days. But typically, the sooner, the better.

This article has been updated from a previous version.

Picture this.

You fly across Canada to visit your friend in Kelowna, B.C., and the two of you decide to go hiking. Then, while excitedly clamouring through the forest to get a better view of the skyline, you trip on a tree root and hit your head.

Your friend scrambles to call an ambulance.

This article has been updated from a previous version.

If you’ve been careful behind the wheel, then you don’t want your first at-fault accident to raise your auto insurance premium.

The accident forgiveness endorsement was created to avoid exactly just that.

Typically, when someone gets into a car accident for which they are determined to be at fault, their auto insurance rate goes up whenever they renew or purchase a new policy.