5 Simple Common Sense Ways to Improve Your Credit

5 steps to Repair Your Credit - Where to Start?

No matter what your credit situation may be, there are several steps that you can follow to improve your credit worthiness in the eyes of lenders, banks, or other financial institutions:

  1. Pay Yourself First!
    Saving Money! This is the most important place that you can start when trying to improve your credit. You need to make the decision that improving your credit is important enough that you will cut your spending by 5% to even 10% per paycheque. If you follow the simple rule of transferring (or arranging for your bank to do it automatically for you) a small percentage of all deposits that you make to the bank you will begin to accumulate funds to improve your credit.
  1. Review your credit report!
    Computers and people make mistakes. In order to improve your credit it's important to know how things stand on your credit report. What do creditors see when I'm applying for loans?Often times data on your credit report is coming from various creditor and banking systems, collection agencies, and government bodies. Mistakes can and do happen and it is up to you to correct them. There are 2 main credit bureaus in Canada - Equifax,and TransUnion. Both have ways that you can obtain your credit report, review it, and also there are processes to dispute errors on your report and have them corrected.
    • Are there accounts on your report that aren't yours?
    • Do any accounts show a status that is not correct?
    • What does your payment history look like?

Continue to Step 3 - Next Steps

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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.
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S.B. of Mississauga
Received Dec 23, 2013 via email
Total Savings: $18,000+

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