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Bad Credit Mortgages
Rebuilding Credit Wants to Buy Home 700x450X THUMBNAIL
How can you buy a home in the near future and build your credit at the same time? 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...
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7 Secrets About Credit 700x450X THUMBNAIL
Published:   •  Important tips about your personal credit history 1. Your credit score changes all the time You can check your own credit score at either Equifax or Trans Union’s website. The report will remain available to you online for a month – but remember, it is changing all the time, as new information...
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Beware of being scammed by someone you trust Dear Ross, I have worked in a busy gentleman’s club for three years as a bartender. Last year I began dating Sam the owner, and he suggested I put together the money to buy the club, as it was ‘printing money’. I was very intrigued. He also...
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Declaring bankruptcy isn’t as difficult as you might think! I always tell clients that declaring bankruptcy is not so difficult – relief from hounding creditors and their agents is just a few signatures away. It’s a bit harder to secure an automatic discharge from your bankruptcy though – and that, for most, is the point...
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Bankruptcies can be on record for 10 years, not 6 Dear Ross: How come TD Bank has notes in their system about my personal bankruptcy from 2003? My credit bureau is absolutely clean; score 765; no blemishes, yet I can only get a secured visa from my own bank after all these years! Thanks! -Confused...
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This secured credit card does absolutely nothing for your credit score Sometimes the only way to get your credit history kick-started is to put up a security deposit with a card issuer, and then begin to use their card. It’s like a rental security deposit – you get your money back at the end. But...
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More and more people are seeking alternatives to bankruptcy – and finding them! In case you missed it, Emily Jackson wrote an informative piece on the changing landscape of bankruptcies and consumer proposals in the Globe and Mail on June 14, 2011. Her main point is that since the rules changed so significantly in September 0f 2009,...
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Bankruptcy levels are improving, but we have not recovered from the 2008 recession yet While bankruptcies continue to drop as economic conditions improve, they still remain above pre-recession. A longer version of the following article was published earlier this week in www.mortgagebrokernews.ca According to data released by the federal Office of the Superintendent of Bankruptcy,...
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5 reasons you need to call your cell phone provider before you travel! In the past two weeks, I have had several callers with a recurring ugly theme. They, or their kid, or their spouse travelled to the USA and started using their cell phone exactly the same way they usually do. Case I –...
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