Business
Jose Rodriguez aka The Credit Dude Shares 5 Tips To Boost Your Credit Score
The world flipped on its head during the coronavirus pandemic, hitting businesses and individuals hard throughout it. People weren’t prepared for this, which resulted in countless job losses, lack of steady income, not knowing where the next paycheck was coming from, and what would happen to their credit.
Credit is more important now than ever, as a bad credit score can be the be all and end all when it comes to making that purchase you desperately need. Fortunately credit consultant and expert Jose Rodriguez, aka The Credit Dude has the knowledge and expertise to maximise your credit, even during the toughest of times. Here The Credit Dude shares 5 tips to get your credit score in check.
- Always Call Your Creditors
Ignoring phone calls, emails and letters regarding past due accounts is never a good idea. It is the time to take control and find out exactly what is available to you, and if creditors can offer any kind of accommodations. If you decide to ignore your accounts that you’re required to pay and make no mention that you had been affected by COVID-19, then you’ll definitely not be able to take any kind of advantage of courtesy adjustments that may be on offer.
Make a habit of picking up the phone to see what is available for you, and for how long. A 2 or 3 month deferment on your mortgage or car can even allow you to breathe and pay down other accounts – or even build a nest egg for you and your family’s future. Make sure to ask if it is required of you to pay the deferred payments amount in full, or if they’re able to place it on the back end of the loan – once you’ve gotten past the accommodation period.
- Ensure You Apply for a Personal Loan
A personal loan application at your local credit union can prove to be a big advantage. This is because it allows you to pay off your credit cards and make just one monthly payment towards your personal loan. This keeps the credit cards open, however it transfers the debt from revolving to installment – which will cause your credit score to improve.
Don’t apply for a long term, 60-month loan. Keep it short and sweet, around the 24-36 month range. One of the last things you want to do, would be to take out a loan for 4 years, and then proceed to once again max out your credit cards, leaving you in a far worse position than before.
- Don’t Be Afraid To Ask for Credit Limit Increases
The higher your credit limits are, the higher your credit score can be – but only if you have low balances on your credit cards. If you do get approved for a personal loan to pay down your credit cards or if you’re able to pay off your credit cards on your own, ask for an increase in your limit once the balance is under 30% of the credit limit.
This increases your available credit, which ultimately contributes to maximizing your credit score. The amount you owe on your credit cards compared to the available credit, should be 30% of your credit score, or roughly 165 points.
- Use Turo To Rent Your Car
Turo is a business that enables you to rent your car out to people. And get paid for it. This can be a massive help when it comes to covering monthly payments. You can even make more money to cover other expenses and bills you may have. Some people in his network even have 2 or 3 cars on Turo. Not only are their car payments covered, but they can use anything extra they make to go towards their electric, water and cable bills.
Visit their site or download their app to check out reviews and scope out other cars in your area, in order to see how much you’d be able to rent your car out for. If for example, your normal car payment is around $400 a month. Let’s say you can use Toro to rent your car out for $50 a day, imagine what you could make renting out your car for the whole month – that’s an extra $1,500 per month.
- Start Your Own Business
Having a back up plan is more important now than ever. If you are lucky enough to have some kind of talent or a hobby that could make you money – leverage it. There are so many products in demand, and you can make nearly anything and sell it on Etsy or Amazon. “I have seen people go to garage sales and buy something for a few bucks and then sell it on Ebay for a lot more -making a pretty amazing profit. Even if it’s bracelets, facemasks, or even over a service like laundry, haircuts, or even cutting hair, that can help you start a business” Jose says.
You could be generating an extra $500 a month, which could go towards paying off your credit cards or other kinds of debt on your credit report. Every cent is important when it comes to paying off your debt. It helps with not only maximizing your credit score but saves you money interest if you can pay it off sooner.
So, there you go. Jose’s 5 tips will help you to maximize your credit score and get your credit back on track post COVID-19. Make sure to go follow Jose on Instagram at @thecreditdude where he shares daily tips on how to improve your credit and master your finances. You can also visit his website if you’d like to learn more.
Business
Why Multi-Province Payroll Compliance Is the Hidden Challenge Canadian SMBs Face and How Folks Solves It
Byline: Shem Albert
Running payroll in Canada can feel like crossing a country stitched from many different fabrics. Each province weaves its own pattern of tax rules, leave policies, and benefit requirements, creating a landscape where a single misstep can ripple through every paycheck. For small and mid-sized businesses, the challenge often remains hidden until growth pushes hiring beyond provincial borders or brings remote workers into the fold. What seems like a routine back-office task quickly becomes a test of accuracy, timing, and local knowledge. This is the gap that Folks set out to close, offering a way for employers to navigate Canada’s regulatory patchwork without slowing their momentum.
Provincial Rules Add Complexity
Canada’s payroll environment varies sharply by province. Federal rules set the foundation, but provincial tax rates, deductions, statutory leave entitlements, and benefit premiums add layers of complexity that employers must monitor carefully. Small and mid-sized businesses with staff across provinces or remote employees face different tax tables, reporting deadlines, and leave calculations that directly affect pay accuracy and remittance schedules.
Folks built its payroll module to address these differences. The platform calculates the correct provincial tax rates and deductions for each employee, applying updates automatically so employers avoid misapplied withholdings or late filings. Multi-location tax management allows a company with workers in Ontario, Quebec, or several other provinces to process payroll without creating separate accounts for each jurisdiction. Bilingual functionality in English and French and secure Canadian data hosting support compliance while keeping employee records accessible across language and regional boundaries.
Unified Records Improve Accuracy
Payroll errors often stem from mismatched employee data. Changes in pay rates, banking details, or benefits eligibility may not align between HR and finance systems, creating incorrect deductions or delayed payments. Smaller teams juggling separate platforms spend valuable hours reconciling information instead of focusing on strategic work.
Folks resolves these issues by combining HR and payroll in one platform. Updates to wages, hours, or tax information entered on the HR side flow directly into payroll without re-entry. This single, verified record strengthens the accuracy of every payroll run and ensures employees receive the correct pay and deductions. By removing the need for repetitive administrative work, HR staff can redirect their time to tasks that support growth and employee engagement.
Automation Keeps Provinces in Step
Each province sets its own requirements for holiday pay, pay frequency, and statutory benefits, making manual calculations both time-consuming and error-prone. Businesses that expand or hire remote employees must keep pace with shifting provincial regulations or risk penalties and audit issues.
Folks address these demands with automation designed for Canada’s regulatory landscape. Pay statements, deduction calculations, and custom pay schedules follow the applicable provincial rules without extra configuration. The system’s automated updates mean that a company hiring staff in British Columbia or Quebec can meet local payroll standards without adding new layers of setup or monitoring. Employers gain the ability to expand into new regions while maintaining accurate, on-time pay.
Reporting Strengthens Compliance
Changing tax rates and reporting requirements require ongoing attention from HR and finance teams. Companies that rely on disconnected systems risk missing a provincial update or submitting incorrect remittances, which can lead to fines and interest charges.
Folks provides detailed reporting tools that compile payroll, deductions, and benefits information across all locations. Employers can generate clear remittance and deduction summaries, simplifying the process of meeting provincial filing requirements. For organizations that want additional guidance, Folks also offers a payroll management service that brings in-house specialists to assist with configuration, compliance, and regular updates. These reporting features help companies stay audit-ready and avoid costly compliance gaps.
Scalable Payroll for Expanding Businesses
Many small businesses begin in a single province, where local tax and payroll demands can be learned over time. Growth into new provinces or the decision to hire remote staff adds a level of complexity that manual processes cannot handle efficiently. Errors multiply, compliance risks rise, and payroll teams spend more time correcting mistakes than supporting expansion plans.
Folks provides payroll that scales with company growth. Provincial tax logic, automated deductions, bilingual support, and secure Canadian data storage are built directly into the platform. By maintaining an accurate employee record and applying province-specific rules automatically, the system allows Canadian SMBs to expand with fewer administrative surprises and more predictable payroll operations. Companies gain the stability of compliant payroll across provinces while controlling the time and costs that typically accompany multi-jurisdiction growth.
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