Canada's Trusted Bad Credit Car Loan Resource

If you know that your credit is damaged, you may be looking for a credit repair solution. Unfortunately, most credit issues cannot be immediately solved. It takes time and effort to significantly improve your credit standing.

Canadians should be aware of credit reports, credit ratings and credit scores. Although they are similar, each is a separate and individual thing. It’s important to be in the know because these things can play a large role in your financial life.

If you have been dealing with damaged credit, getting back on track can seem difficult. But there is a way out, and once you get there, follow these 6 credit rules that will help you avoid being stuck in that situation again.

According to the most recent quarterly report from Industry Insights, there were approximately 800,000 fewer credit cards in use in 2016. However, the total credit-related debt balance for the country rose by 3.3 per cent.

If you're a newcomer to Canada, you may be excited about starting a new life in a new country. And, if you're like a lot of immigrants, you'll be faced with having to build your credit from virtually nothing.

Negative items will eventually fall off your credit reports. It may take several years for them to disappear, but they won’t be there forever.

Secured credit cards offer a safe way to either start using credit or to get back into credit card use after experiencing a misstep. You can be approved for a secured credit card even if you have no credit or less than perfect credit.

Your credit score is a number that represents your creditworthiness at a moment in time. If you are trying to improve your credit rating, there’s only one way this can be accomplished.

You may understand that you have a credit score, but do you know why your rating is what it is? Also, why is it so important to earn and maintain a higher credit score?

In a recent TransUnion study it was revealed that 43% of Millennials are dealing with a subprime credit score. Why is this?