It’s clearly an inevitability — interest rates are going to rise from their record lows as the Canadian government tries to keep its economy on the upswing. One thing you can do as a consumer is to pay down debt you have now in order to strengthen your credit score.
This is according to an article in the Vancouver Sun, in which experts suggest that you stay on top of payments and also don’t max out any credit cards right now. It will all keep your score in a great range and make credit easier when it’s needed despite fluctuating rates.
