credit score Archives - Freedom 35 Blog

Rising Consumer Debt

By Liquid Independence | 03/22/2015

“I really like new cars. I kept on trading and trading…and I was buying a lot of gifts for people and getting more and more into debt,” says D’Arcy George who lives in Lethbridge, Alberta. Eventually his spending habits caught up to him and D’Arcy was up to $70,000 in debt and struggled with a bank account constantly… Read More »

Credit Score

By Liquid Independence | 04/14/2014

11 Comments

What is a credit score? It’s a number typically ranging from 300 (low) to 850 (high) that represents the likelihood of someone paying back a loan on time, based on that person’s past credit history. Why is it important? Banks use credit scores to determine a lender’s credit worthiness. If someone has a low score because he’s been… Read More »