How to Obtain Credit once Declined

Return to Previous steps

5 Steps to Repair your Credit - Continued

Believe it or not - the next step to improving your credit is obtaining more, especially if the only history you've viewed on your credit report is not favorable. If your credit history is not too bad in terms of payment history this step may not apply to you.

  1. Get a secured Credit Card
    Active Credit accounts with good payment history are like GOLD on your credit report. When you are approaching someone to lend you money or to extend you more credit you must demonstrate to them that you are responsible with your money. Not only are you accumulating savings (see Step 1) but now you have the chance to show them a good payment history.

The benefit of using this type of account is: you Can't be declined! - You provide a deposit from your savings of as little as $500 and the company uses that to secure the card - it becomes your 'credit limit' and in the event that you don't pay them according to the payment terms they can simply take your deposit to pay what you owe. It's a safe situation for the creditor, however by opening an account of this type it gets reported to your credit bureau just like any other account. If you are careful and put only a few purchases on the card monthly and Pay it IN FULL every month in a matter of 6 months you can show a potential lender that you can be responsible with your money.

Don't Forget one of the biggest credit mistakes that people make is applying for credit with no hope of obtaining any - be sure to Contact Us in the event that you have been declined credit by a bank or other financial institution.

There are further steps you can take to improve your credit rating: Continue to Step 4

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

Canada Debt Settlements  always free debt reduction consultation - Call to figure out your best next step... Contact us

Access our online debt reduction settlement application for a free confidential no obligation review of your situation

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+


Call now for your free no obligation consultation 1-877-475-3939