On the fifth episode of MI$$ FINDEPENDENT, Gloria is joined by her friend Albert, they discuss debt and credit scores – different kinds of debt, strategies to pay them off, what a credit score is, how to figure it out and factors that affect your credit score and why it’s important.

Homework
Task 1: If you have debt, create a repayment plan by listing our all of your debt from largest to smallest (sum or interest rate). If you need help, credit counseling is available: https://www.canada.ca/en/financial-consumer-agency/services/debt/debt-help.html
Task 2: Find out your credit score and determine whether you need to take steps to improve it

Links
Where to check your credit score:
Borrowell
Credit Karma
Mogo

Sources:
Gov’t of Canada Financial Consumer Agency Debt Free Plan
Gov’t of Canada Financial Consumer Agency Credit Score Info
Common Credit Score Myths

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