Category: Credit History

How to Boost Your Credit Score Quickly

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How to Boost Your Credit Score Quickly Sometimes you need to increase your credit score in a hurry. For example, maybe you are buying a house and your mortgage broker has told you your score is too low. Here are four quick tips which will give practically everyone’s score a boost. Access all your credit …

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How to Protect Your Credit Score

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How to Protect Your Credit Score Be proactive; Nip errors and problems in the bud before they happen. Create an online profile at www.equifax.ca and monitor your credit history once or twice a year. Keep your balances as low as possible relative to their limits. In a perfect world, you would always report zero balances even though you …

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Impact on credit history of consumer proposal or bankruptcy

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Impact on credit history of consumer proposal or bankruptcy Many people in debt stress worry about the effect a proposal or bankruptcy will have on their credit history. For some, it barely matters, as their history of late payments and debts in collection means their credit history is already shot. Others actually have a pretty …

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Rebuild your credit well before buying a home

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Rebuild your credit well before buying a home Because we are credit specialists as well as mortgage agents, at Ross Taylor & Associates we help many clients who are trying to improve their credit history. Some have gone through consumer proposals, debt settlements, or even personal bankruptcy. Not everyone. Some others hit hard times in …

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Rebuilding Credit Wants to Buy Home

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Rebuilding Credit Wants to Buy Home This morning I received an email from a reader who is re-establishing his credit history and interested in buying a home next year. Hello Ross, I need your help on credit building. I think everyone’s situation is unique, in my case I have paid all collections but there is …

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100 percent financing still possible

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100 percent financing still possible Did you know it is still possible to buy a home with 100 percent financing? For those who cannot wait to save a five percent down payment, we can help well qualified borrowers who feel they are better off owning now rather than renting. Typically, a buyer needs at least …

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Debtors want to buy condo

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Debtors want to buy condo Everyone deserves a second chance, and we often hear from people who have restructured their debts and now want to buy their own home. Is this realistic, and if yes, how soon is it possible? A lady wrote this week and said “my husband has been in a consumer proposal …

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Ten Credit History Tips

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Ten Credit History Tips Real estate agents well understand how necessary it is to pay attention to your credit history, especially when it’s time to qualify for a mortgage. Last week I was invited to speak on this topic at a meeting of the Toronto office of Right at Home Realty, the #1 real estate …

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Rebuild credit after bankruptcy

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Rebuild credit after bankruptcy Last week I was referred to a young lady who completed a personal bankruptcy earlier this year, and now has designs on home ownership. She has a good salaried job and prefers to buy without using a co -signer or guarantor. She wrote ” Thank you so much for the email …

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Secured Visa Application

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Secured Visa Application Each week I receive calls and emails asking me for help in rebuilding damaged credit histories. Often, s/he has come off (or is still in) a consumer proposal, or debt settlement or personal bankruptcy and is truly starting from ground zero. How to rebuild your credit history is the topic of other …

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Credit score too low for mortgage

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Credit score too low for mortgage Here’s a recent message from a fellow mortgage agent. “My client is self employed, and I am taking a “stated income” approach. He had some slow repayments in early 2012 ,and a collection item that he was unaware of in late 2012 that was paid as soon as it become known …

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Pre approved mortgage denied because of consumer proposal

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Pre approved mortgage denied because of consumer proposal Today’s question came from a reader in Alberta who is currently in a consumer proposal and also wants to buy a new home. “I moved to Alberta in 2007 for a family crisis and have had some personal hurdles to overcome in regards to employment – as a …

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