5 Ways to Boost Up Your Credit Score

Following Are the Five Ways: 1)    Pay down your credit cards. The number one way to increase your score is to pay down your cards to 30% of their limits. Revolving credit like credit cards seems to have a more significant impact on your score than car loans, lines of credit, and so on.  If [...]

Consumer Proposal VS Bankruptcy

Here is another tip for individuals in current financial trouble and has had late payments on mortgages for 2-3 months arears. It is always the best that you contact the lender/bank first. Seek for settlement and prevent them from taking legal action. Propose to pay extra to get a settlement, instead of the banks foreclose [...]

Reasons for Low Credit Score

Too many inquiries in a short period (shows you are credit seeker)Bad payment history (R2: 60 days late, 10-15 points off)High balance on credit limit (using up all available limit on each card)Accepting too many credit cards in the mail (each application is a hard hit 4-6 points off)Accounts closed at the bank requestJudgement, bankruptcy, [...]

Credit Score Tips 2

Here are other mortgage tips for you: 1. Learn how the credit score is calculated and composed of2. Reduce retail credit cards (Futureshop, theBay, etc)3. Stay with the cards you have had for a long time (if you have theBay for 10 years, yes, keep it)4. Ask to increase your credit limit once in 3-4 [...]

Tips – Establish and Maintain Credit Score

Maintaining a high credit score is vital when you need to borrow money. Not sure what your score is? Here are some key things you must know: – Start using your credit card!  Have at least 2 credit cards and use them regularly. – It is better to have major bank credit cards than retail [...]

Free Canadian Credit Report from Equifax

All Canadians can obtain a free credit report ‘by mail’ through request to Equifax. It is not easy for consumers to find these fine prints on the website.  Here is a convenient link to you. If you found any error on your credit report, you can request correction with econsumer equifax here.

Credit Dispute

We can dispute and fix the incorrect items on our credit report.   It usually take about 30 days for an error to be recorded and fixed. Credit Dispute Form Equifax https://www.econsumer.equifax.ca/ca/view/investigation/investigation.jsp TransUnion https://www.tuscores.ca/content/page.jsp?id=/tucanada/common/data/en_CA/ps/disputeonline.xml&locale=en_CA Address the leter to Equifax and have the judgements removed from the bureau.  You must obtain your own Equifax Report first. [...]

How Is Credit Score Calculated?

The percentage listed below with each section outline the weight they are given when determining your overall score. Past Payment Performance – 35% It will include credit card payment, line-of-credit payment, even your utility bills (if you have set up a credit account with them). Not all bills are counted toward this payment performance. Credit [...]

Credit Score and Credit Report

Federal and provincial privacy and credit reporting regulations grant consumers important rights regarding credit files and related matters, although these regulations vary by province. As well, information provided by credit reporting agencies also vary by agency. Generally speaking, by law you have the right to: Know what your credit file contains Have information deleted that [...]

Credit Score, Credit Dispute, Credit Report

Federal and provincial privacy and credit reporting regulations grant consumers important rights regarding credit files and related matters, although these regulations vary by province. As well, information provided by credit reporting agencies also vary by agency. Generally speaking, by law you have the right to: Know what your credit file contains Have information deleted that [...]