Your Credit Score - What is it? and how is it used? (Beacon® Score)

The credit score is a number between 300 and 850 that lenders use to determine your credit rating. The credit score is a snapshot of your credit rating at a particular point in time. The higher your credit score the more likely you are to be approved for loans and receive favorable interest rates. The lower your credit score the higher your chance of being declined when applying for credit.

WHEN you are preparing for a major purchase, like a home or vehicle, make sure you review your credit score and report. Looking at your credit report and score some time before your loan application will help you get a complete picture of your credit worthiness. If you have a concern regarding your credit score or credit worthiness please do not hesitate to contact us.

Usually, If your credit score is determined to be 650 or higher you will likely qualify for a standard loan with most institutions for a competitive interest rate. If your credit score is reviewed and it ends up being lower than 650, you may have trouble receiving a favorable interest rate, and if the score is low enough you may be declined further credit.

Credit score is a figure which is generated automatically within the various credit bureau or private industry computer systems, by an algorithm. Using the information in your credit report, compared to the information on millions of other people. Think of your score demonstrating to your potential lenders your ability to make monthly payments at the levels agreed to.

Let us teach you how to Increase your Credit Score.

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Canada Debt Settlements stands by the commitment and service guarantee that no client will be charged unless we can achieve a debt reduction. As our customer testimonials will demonstrate - we have a unique solution that allows a licensed agency to advocate with your creditors on your behalf. We work for YOU... not the creditor. Call now to speak with an experienced and licensed debt professional. What do you have to lose?

Another Successful Debt Settlement...

I must say that I always ‘do my research’ in every area of life as best as I can so that I make the right purchase the first time. Well, this was not an area I was even remotely able to make a definitive call on since my wife and I never had any previous debt issues.
I researched and met up with many different Debt Resolution/Debt Solvers and tried to work with making monthly lump payments but it wasn’t the correct solution and in the end failed for us. I started researching into solving our Debt problems all over again when I came upon the idea of Debt Settlement…that was the correct solution and something my wife and I should’ve done the year before. The problem was who could we trust to do it and who was the best person for the job. That was our newest problem.
I started making calls and looking up as much information as I could get on the Companies that did this and I was confident that Canada Debt Settlement were the tops in this area so I called and spoke to Boaz. I was actually somewhat shocked as he had answered my questions and explained the way it worked so well I had no more questions the next day. This was a relief as the time frame for us was very tight and to this day I am amazed that everything was settled going right down to the wire on our tight schedule and that Boaz still managed great savings for us in the process. It pulled us right out of debt and had we called Canada Debt Settlement the year before we would’ve saved even more and not carried that Debt burden unnecessarily for an extra year.
If you’re doing your research looking for who is the right one for the job, I can honestly tell you save your time and money and go with Canada Debt Settlements. I would be happy to talk to anyone that has any uncertainty as the expertise and hard work Boaz did for us was truthfully incredible.
S.B. of Mississauga
Received Dec 23, 2013 via email
Total Savings: $18,000+

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