Get Help Rebuilding Your Credit History
It’s no secret that your credit score and history impact your ability to get a credit card, enter a cellphone contract, finance a car or even buy a home. Life events like bankruptcy or a consumer proposal happen, and it’s important to know that you can rebuild your credit history and achieve your financial goals – especially with our credit repair services. Understanding the credit bureaus and what’s on your credit report is essential.
How we can help.
Ross Taylor is passionate about the credit repair industry and has helped hundreds of clients.
You’ll get a customized personal finance plan and one-to-one assistance to correct reporting errors and boost your credit score.
We work with the credit bureaus to help eliminate reporting inaccuracies and negative information that may be dragging down your personal credit score.
When creditors review your file, you’ll be positioned in the best possible light.
We’ll provide tips for optimizing your score.
You’ll get a credit score BOOST! We will tell you upfront what you can expect.
We have seen credit rating increases from 60 to 190 points in less than a week!
|Credit Repair Services||Equifax |
|Trans Union |
|Both Credit |
|A detailed review of all related documents|
|A copy of your credit report|
|Access to a secure portal to store your |
|Score improvement assessment & Options|
|Preparation of a package to send to |
|Telephone and email support|
|One year follow up consultation|
|We will become your authorized |
representatives in dealing with Equifax
|Insights into your credit score increase |
|A BOOST to your personal credit score|
|Guaranteed FAST result|
|Need more info? Book your free |
|REACH OUT||REACH OUT||REACH OUT|
What creditors look for when deciding to lend you money:
A responsible approach and history towards managing multiple credit facilities.
On-time monthly payment obligations, no missed payments.
A history of managing significant credit limits without “going on tilt.”
History of holding various credit products – like credit cards, student loans, mortgages, cell phones, leases etc.
Why your credit history matters
Your credit score tells lenders what type of borrower you are and how you handle your money. It shows trustworthiness with debt and credit and a reduced risk of instances like foreclosure, repossessions, and other concerns the lender may have.
You can get FREE credit reports from Equifax Canada, including a free credit score, by subscribing here – it is free for 30 days, followed by a monthly fee.
Credit Repair Advice
Credit Repair Guide
We understand there are a lot of credit counselling scams and fake credit repair company promises on the internet. For that reason, here are nine free tips for boosting your credit score.
We’ve developed some of the best credit repair tactics to get your credit profile back on track or continue your credit building venture.
When you have a tradeline hovering around its limit, you are at risk of going over – which ends up being a dangerous habit to break. And it may happen innocently – you started out under the limit, but with interest charges and possible over-limit penalties, you are now in uncharted territory with bad debt.
You should always welcome credit limit increases. You look healthier and stronger to anyone checking your credit because your limits have some heft to them. And, as an added bonus, you instantly reduce your percentage utilization on any tradeline with an increased limit. This often results in a higher credit score.
When maximizing your personal credit score, you should look at your utilization of available credit for each individual tradeline. In other words, what percentage of your available credit is the balance being reported?
If you must carry credit balances, try to spread them around – if your goal is to maximize your score at all times.
We tend to favour one particular credit card (maybe we like the rewards program) even if we have multiple cards at our disposal. And most of the time, we don’t even need our personal line of credit.
If these trade lines get stale, then they are not pulling their weight. Update the date of the last activity (DLA) with a modest transaction and then pay it off online immediately.
Closing an older, unused credit source is rarely the best as they contribute to your’ score juice’. Personal credit is a reflection of your past and present. The older stuff on your credit report carries weight, so it may not be the wisest thing to shut down that history.
If you want to close the card to avoid an annual fee, just ask the card issuer to downgrade your card to a free card – you will retain your valuable history but avoid annual fees (and the chance of forgetting to pay the fee).
Conventional wisdom for debt management says that you should wait for your card issuer to send you a statement, then wait out the interest-free grace period before finally paying off your balance just in time to meet the due date.
But there is very little benefit to that these days. In the mid-eighties, when you had money market bank accounts yielding 10% on your savings, then this was important. Savings and chequing account interest rates nowadays are somewhere between pathetic and woeful, so there is little financial benefit to delaying debt settlement.
You may have been angered by charges you were certain did not belong on your credit card statement. But never refuse to pay and wait out the investigation process.
Unfortunately, by doing that, you run two risks:
By not clearing the balance to zero, everything charged to the card after the next due date will incur credit card interest rates from the date it was charged (19.99% or more from day one)
And depending on other usages on the card, there is also the risk of late payments being reported to the credit bureaus. These late payments can stay on your record for six years!
My own experience has always been that card issuers do the right thing when fraud or errors are at hand. So, I pay the charge(s) and wait for the credit to come back into my account once the investigation is complete.
If you never borrow money, or you have a credit card in your wallet and never actually use it, you will eventually have nothing generating a credit score for you. And you may end up with no score at all. We used to call these files a Beacon Reject. (Actually, we still use this dated terminology, even though we don’t ask the credit bureau for the Beacon score anymore.)
There may be some incorrect information in your personal credit history that is needlessly dragging down your score. Those are easy and necessary fixes. And the impact on your personal credit score can be profound. Also, never allow debt to go to a collection agency; this can leave a poor credit mark on your history.
A few examples include:
You have two or more personal profiles with the credit bureau – your information is scattered and diffused. Combining it all into one credit report could very well increase your score. (This often happens to people whose name is hard to spell or who have legally changed their name.)
Late payments are being reported when it is not you. Maybe you have a relative with the exact same name.
That router you returned to the cable company is showing as a collection even though you returned it to the local store.
You completed a consumer proposal, and all the debts included in the proposal should be reporting zero balances, NOT as R9s.
There may be incorrect late payments – Equifax Canada states payment history has a 35% weighting on your personal credit score.
Let me repeat: errors on your report are bad, and fixing them may be the easiest way to improve your credit score.
There are two credit reporting agencies in Canada. Trans Union Canada, and Equifax Canada. Different lenders and card issuers favour one or the other, and you can go to their websites and purchase a copy of your online report and score anytime.