Tips and Tricks for improving your credit score

Improving your credit score is something that can be done with a few simple steps.

First lets look at the biggest factors that impact your score:

Payment history
  • A clean record of on-time payments per your credit agreement will help boost your credit score.
  • Falling behind on your payments or soon to be falling behind? Contact us before it's too late!
Outstanding debt
  • If you have used over 50% of your available credit you may harm your credit score! If you are concerned about your credit score try to keep your balances under 30% of your available credit.
  • Learn about debt reduction options - we offer free consultation and could give you strategies to imrove your credit worthiness
Credit account history
  • With your creditors history counts for a lot. A solid history of activity counts in your favour. Consider keeping older accounts open when applying for new credit - a closed account may not show the creditor all your positive attributes, bureau records on closed accounts tend to highlight the negatives.
  • If you have had history with collection calls, legal action, or other negative credit history items, please contact us to discuss other credit repair options
Recent credit inquiries
  • When a creditor, landlord or employer checks your credit, it causes an inquiry into your credit file. When a bureau is pulled there is also a history of how many companies have requested your information. Apply for new credit only when needed - make those inquiries count.
  • One of the biggest mistakes that can hurt your credit score is applying repeatedly once denied credit. If you have been declined credit, it is time to review your credit history, credit score, and possibly time to seek assistance on strategies to move forward.
Types of credit
  • An optimal credit report should have a balanced mix of products with average credit utilization. Be careful when transferring balances between accounts - always check your own report to see what the creditors would see.
  • Don't fall for interest-free or low interest balance transfer offers - unless you have a large sum of money to pay the account when the offer comes due, you could end up in a worse position then when you started. Seek the assistance of a professional for a no-obligation opinion about your situation and your best next steps to achieve your credit goals.

For an in-depth analysis of your current financial position please Contact us for your free, informative, and comprehensive consultation.

Visit our page on How To Improve Your Credit in 5 Easy Steps for more information

For a list of all our services please see our Services Page or Contact Us.

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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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