bad credit boot camp
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Quick tips to improve your credit scoreTRANSCRIPT
Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / [email protected]
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 / [email protected] MortgageGirl.ca
Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / [email protected]
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.
MortgageGirl.ca
Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / [email protected]
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.
MortgageGirl.ca
Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / [email protected]
Spread out your spending
It is better to have 2 cards at 50% of the limit than to have 1 card maxed out.
MortgageGirl.ca
Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / [email protected]
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.
MortgageGirl.ca
Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / [email protected]
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.
MortgageGirl.ca
Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / [email protected]
PAY YOUR BILLS ON TIME
Late payments lower your score and show poor repayment habits when it comes time to apply for more credit.
MortgageGirl.ca
Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / [email protected]
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.
MortgageGirl.ca
Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / [email protected]
YOU CAN PULL YOUR OWN CREDIT AT;
www.equifax.ca or www.transunion.ca
MortgageGirl.ca
Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / [email protected]
Questions?
If you have any questions, please do not hesitate to contact me today!
Martene Woodward
Mortgage Associate
Argentum Mortgages
P: 866.932.8412
MortgageGirl.ca