Improve your Credit


Go to Equifax learn about your credit

BAD CREDIT - FORECLOSURE - BANKRUPTCY - CONSUMER PROPOSAL

It is my goal as a mortgage broker and it should be yours as well, to repair your bad credit. I will assess your current credit situation, and discuss with you some techniques that you can use to improve your bad credit.  I will show you some techniques to establish good credit lines before qualifying you for first, second or third private mortgage i.e. (Bad Credit Mortgage). This will be very important for you to do since repairing bad credit is imperative in getting you approved for bank Mortgage Rates. 

The two main components of your credit score are:

• Your payment history
• The amounts you owe  

LATE PAYMENTS WORK AGAINST YOU

 It's extremely important to pay bills on time, even if it's only your minimum monthly payment. If you find you can’t manage, and are constantly late on payments a debt consolidation mortgage sometimes called a second mortgage may allow you to refinance and obtain greater cash flow and reduce the risk of developing bad credit. 

DON'T "MAX OUT" YOUR CREDIT LINES!

Since the size of the balance on your open account(s) is a factor, lower balances are better.  Consolidation of outstanding bills into a second mortgage or debt consolidation mortgage to lower your payment, so missed payments will not occur may be an option. Call to get second mortgage rates.

It's said that by carefully managing your credit, it's possible to add as much as 50 points per year to your score. 

These techniques will help you go from a higher second  mortgage rate, or third mortgage rate, to establishing yourself to be  bank quality in as little as one year. 

Here are links to some Pre Paid Credit Cards

Capital One 
Horizon Plus
Citi Financial