Investing in your Future to advance your Credit Worthiness

Continuation of the 5 steps to Repair your credit

It's a common practice that especially banks will only lend money to those people that don't need it. You need to show your lender that you are responsible with money through showing excellent payment history on active accounts, and that you are continuing to save and invest in your own future. There are added advantages to using investments to improve your credit worthiness.

  1. Contribute to your RRSP account
    Added benefits of contributing to your RRSP account is the TAX REFUND that you will be entitled to. If you use your savings to invest for example $1000.00 in an RRSP account, likely your bank will loan you another $1,000.00 to add to your RRSP deposit. Come tax refund time you will be entitled to a hefty refund cheque that will likely cover the bank's contributed amount and still leave you a little extra to put to your own uses. Consider opening a Tax Free Savings Account with the proceeds of your tax refund to start saving for next years RRSP deposit. If you play your cards right you could be on vacation within 2 years!
  2. Maintain your pattern of saving money
    Once you've gotten into the habit of paying yourself first you'll always have a small amount of money to invest in your future. If you continue to spend less than what you make you'll find that within a few years your credit worries should be over. Everything about credit comes down to using credit wisely:
    • You need to be able to distinguish between necessities and luxuries.
    • Always look for ways to lower your monthly payments
    • Consider whether you need to purchase that item on credit or if you can wait until you've saved enough to purchase it outright

If you continue to follow the above simple steps to Improving your credit you'll find that your options in the future will be greatly improved. As you continue to grow your savings with investments soon there will be enough for a down payment on a new car, or even perhaps a new house.

Remember that in the eyes of lenders...MONEY TALKS! In the future if you are looking to purchase something like a cottage, would the bank prefer to deal with someone who has issues maintaining a good payment history, or would they prefer to deal with the customer who produces a good chunk of the purchase price: "I'd like to finance this cottage purchase, I have 20% of the price, however I would like to work out financing on the rest...."

Everyone would rather be in the group that has a down payment for a future large purchase. When it comes to improving your credit it's best to know where you stand and what your options are. We have a team of licensed and bonded professionals ready and willing to discuss your situation with you and look for debt repayment savings. Please Contact Us to discuss your personal situation in a confidential, and private Free Consultation. We look forward to working with you.

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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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