sure that you pay off your collections, and then your
credit score will rise. It can be very frustrating
for you to constantly pay high interest rates on your
loans and mortgages for years, when you could easily fix
your credit within one year.
Equifax credit scoring system is what creditors use to help
determine whether to give you credit. Before you request a
credit mortgage in Ontario, c
heck to see if the information about you on the report is
accurate. Many times, when looking for a loan, creditors don't report information
correctly and an unfortunate time to find out about it is when you
are applying for a loan. Get your credit report well
in advance and make sure it is accurate. Or ask us,
and we can get a report for you for free.
your credit, here is a list of reason why your credit may
be suffering. Equifax considers such things as your bill-paying history, the number
and type of accounts that you have, late payments,
collection actions, outstanding debt, and the age of your
If you wish good credit. make sure that you have at least
3 lines of credit (ie Visa, MC, car lease, etc). If
you have 3 credit cards, try to to get the credit limit
raised so that the total between the 3 of them is $2500.
Pay the debts on time every month. Try to keep the
monthly balances at about 50% of the credit limit.
let prospective creditors check your credit too often
within a short period of time.
do these things, you should have good, or at least,
improving credit. If you slip on any one of them,
your credit could go in a negative direction.