bad credit boot camp

Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca

Bad Credit Boot CampQuick tips for a better credit score

Here are some quick and efficient credit score increasing tips.

Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca MortgageGirl.ca

Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca

Don’t close unused credit cards

If the card has a low interest rate, use it periodically and pay off the balance quickly. This can keep your credit active and improve a low credit score.

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Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca

Beware of closing accounts Get it in writing that the account has a zero balance before closing it. I have seen a $22 balance ruin a credit score because the borrower was unaware of the balance.

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Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca

Spread out your spending

It is better to have 2 cards at 50% of the limit than to have 1 card maxed out.

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Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca

Never exceed your credit limitEven $1 over limit can lower your credit score. Always ensure your balance is below your limit before your interest calculation day. Your interest calculation

date can differ from your payment date; check your statement to confirm.

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Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca

Speak to professionals with shared goals

• There is a different credit plan for someone eliminating debt than there is for someone getting a mortgage. Do your research before making any decisions about your credit.

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Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca

PAY YOUR BILLS ON TIME

Late payments lower your score and show poor repayment habits when it comes time to apply for more credit.

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Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca

Know your score

Protect yourself from identity theft by checking your credit once a year. The higher your score, the lower risk you are to potential lenders if you are applying for credit.

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Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca

YOU CAN PULL YOUR OWN CREDIT AT;

www.equifax.ca or www.transunion.ca

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Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca

Questions?

If you have any questions, please do not hesitate to contact me today!

Martene Woodward

Mortgage Associate

Argentum Mortgages

P: 866.932.8412

E: Info@MortgageGirl.ca

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