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Make your money work smarter with Neo Financial. Learn about saving, smart spending, credit building and more on our personal finance blog.

Coins of various currencies on a metal surface, representing cash advances as an alternative to Nyble's credit building loans

Two alternatives to Nyble's credit building loans that actually work

"The question, with credit building micro-loans, is whether the credit bureaus recognize them as being something that is worthwhile and do the lenders that see that data as something useful."

A couple leaning in close to each other, representing how one's personal bankruptcy can impact their spouse

How your personal bankruptcy impacts your spouse in Canada

Filing for personal bankruptcy in Canada does not make your spouse responsible for your debts. The key exceptions involve joint debts, co-signed obligations, and jointly owned assets.

A stressed person laying in bed with a smartphone in hand, searching for bankruptcy alternatives for Canadians struggling with debt

Five bankruptcy alternatives for Canadians struggling with debt

Canadians who owe more than they can repay have at least five viable bankruptcy alternatives that can reduce payments, lower interest, or settle debts for less than the full amount.

Two alternatives to Nyble's credit building loans that actually work

"The question, with credit building micro-loans, is whether the credit bureaus recognize them as being something that is worthwhile and do the lenders that see that data as something useful."

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A stressed person rests their head on a pile of books, mulling over the difference between a consumer proposal vs debt consolidation and which would best suit their situation.

Consumer proposal vs. Debt consolidation: Which protects your credit?

Consolidation tends to work best when you can afford to repay your full debt, but want to lower your interest costs and simplify your payments.

A person laying on a couch while using their laptop, searching up on the unexpected effects of doing a consumer proposal in Canada

10 unexpected effects of doing a consumer proposal in Canada

Unlike bankruptcy, a consumer proposal does not transfer control of your assets to a trustee. You keep your home, your vehicle, and all your investment accounts.

The truth about government debt relief programs in Canada

Two formal debt relief mechanisms fall under the Bankruptcy and Insolvency Act: the consumer proposal and the bankruptcy.

A notepad on a red tartan surface beside a pen and a pair of glasses. The notepad reads, "Pay debt".

When do debt collectors take you to court in Canada?

If a collector contacts you about a debt that is past the limitation period, avoid engaging with them, since they lost the legal right to enforce repayment through the courts.

A person, laying on a couch in front of shelves stacked with books and magazines, thinks about how they can keep their house while going through a consumer proposal in Canada

How to keep your house through a consumer proposal in Canada

If your home equity in lower than the bankruptcy exemption in your province (less than $10,783 in Ontario, for example), your proposal can be lower than the amount you owe, even if you own house.

Car loans can be the easiest path to credit for new immigrants, but they may not be the best

While a car loan is one of the most accessible forms of credit for newcomers, it is not the most cost-effective way to build a score from scratch.

Credit

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How to increase your credit card limit in Canada

Learn how to increase your credit card limit in Canada, lower your credit utilization, and improve your credit score step by step.

Two friends walking alongside their bicycles, discussing the pros and cons of the Wealthsimple credit card vs. Neo Everywhere card

Wealthsimple Credit Card vs. Neo Everywhere: Which flat-rate cashback card wins?

Wealthsimple vs. Neo: Both offer flat-rate cash back credit cards with no category tracking. Here’s how the rates, fees, and perks compare.

A rear-view shot of four young adults walking up a wide, rustic metal staircase outdoors on a sunny day, symbolizing the step-by-step progress of using secured credit cards to build credit in Canada.

Do secured credit cards actually build credit?

A secured credit card is one of the most reliable ways to build credit in Canada. Here's exactly how it works, how long it takes, and how to use one strategically.

Spending

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Canadian 20 dollar bills clipped to a credit card to increase its limit

Overpaying Your Credit Card Will (Temporarily) Increase Your Credit Limit, But Has Zero Impact On Your Score

"This can be great if your limit is low, you have the available funds and want to be able to put a large purchase on the card."

Should I open a high-interest savings account

Learn why you should consider opening a high interest savings account and how to find the best one for your needs. Unlock higher returns with Neo Financial™ today!

Two people looking at a phone screen as they decide to open a no-fee joint account in Canada

Here are the best no-fee joint bank accounts in Canada

Get all the features of a joint account with none of the fees. Compare Neo, Wealthsimple, EQ Bank and Tangerine.

Budgeting & Debt

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How your personal bankruptcy impacts your spouse in Canada

Filing for personal bankruptcy in Canada does not make your spouse responsible for your debts. The key exceptions involve joint debts, co-signed obligations, and jointly owned assets.

Five bankruptcy alternatives for Canadians struggling with debt

Canadians who owe more than they can repay have at least five viable bankruptcy alternatives that can reduce payments, lower interest, or settle debts for less than the full amount.

Consumer proposal vs. Debt consolidation: Which protects your credit?

Consolidation tends to work best when you can afford to repay your full debt, but want to lower your interest costs and simplify your payments.

New from Neo

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An Albertan reviewing financial documents, pension statements, and Canadian cash at a table, highlighting the potential financial impact of the Alberta separation referendum.

Alberta Separation: The unanswered questions about Albertans’ finances

Regardless of where you sit on the debate, every Albertan deserves to understand how a separation from Canada could impact their finances.

A person researching what they need to know as a first-time homebuyer in Canada

What to know as a first-time homebuyer in Canada

Reduce stress when buying your first home by better understanding the process, and use these three tips from to unlock homeownership like a pro.

Neo Financial Teams Up with CEBL

The Canadian Elite Basketball League (CEBL) is partnering up with Neo Financial™, a leader in Canada’s financial tech industry.

Savings

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4 high-interest savings account (HISA) ETFs Canadians should know

Looking for a low-risk place to park cash inside a brokerage account? Consider these four HISA ETFs.

A phone showing a Neo app screen opened on a person's Neo Savings account, one of the best high-interest savings accounts in Canada.

The best high interest savings accounts in Canada (2026)

Not all savings account rates are created equal. Here's how to find one that actually works for you.

Best youth savings accounts in Canada: Three young friends smiling for a photo

The best youth savings accounts in Canada

The best youth savings accounts in Canada charge no monthly fees, pay a competitive interest rate, and give your child access to app-based banking so they can watch their balance grow.