EDMONTON, ALBERTA — (Marketwire) — 07/09/12 — Not only is repairing your bad credit essential to your long-term financial wellbeing, it-s also crucial in decreasing your perceived credit risk and thus lowering borrowing costs. Knowing where you stand credit wise today will allow you to know what financial steps you need to take tomorrow to either improve or maintain a good credit score over the long run. So if bad credit is preventing you from being approved for financing, loans, mortgages and the like, don-t despair. By following these easy steps brought to you by , you can turn your credit situation around.
Step #1: Find out where you stand
Companies like Equifax Canada and TransUnion Canada make it easy to acquire your current credit standing (credit report) free of charge with just a few clicks of the mouse or a quick phone call and even provide tips on how to improve your score over time. Often, for a few dollars, you can obtain your score as well. With services for individuals, small and mid-sized businesses, and large enterprises, it is easier than ever before for anyone to acquire information about their credit cards, loans opened under their names, companies accessing your credit files, delinquent payments, and more. Your credit score is an important indicator of your creditworthiness with a higher score meaning you are less likely to become delinquent on any credit extended to you. In other words, it indicates whether or not you will pay your bills on time.
Step #2: Make a plan to improve your score
It-s not going to happen overnight but if you make a plan to improve your credit worthiness and ensure that you follow through on it, you can help improve your credit risk standing in the eyes of lenders. Take back control of your credit by adopting healthy credit habits including:
Step 3: Know where to find help
With so many Canadians balancing multiple bills and lines of credit each month, it-s all too easy to miss a payment and suffer the consequences. -s can help you pay your debts on time and preserve your credit rating.
has been providing since 2001, and is now the largest alternative financial services provider in , , , , , , , , , and the .
Contacts:
Cash Store Financial