All posts by Canada Credit Repair

Bad Credit Car Loan

  Looking to rebuild your credit? Great, you are not alone. Hundreds of thousands of Canadians currently have bad credit and are looking to take steps to improve their credit. Many will look at bad credit car loans in order to improve their score but is that enough? A car loan is not enough to rebuild your credit! A car loan will build your credit score but applying for a credit card will really help you establish your credit. As […]

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Do you have good credit?

Bear with me a second while I get something off my chest. It drives me up the wall when someone tells me they have great credit. It isn’t the fact they have good credit that bugs me but how they answer the question, “When was the last time you checked your credit report and reviewed it in detail?” Just because you got approved the last time you went into your bank or because you pay your bills on time does […]

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Credit Score and hard hit

How you are beating up your credit score Hard Hits A hard hit is a term that Equifax and TransUnion use for when a consumer applies for additional credit. This generally happens when you are applying for: Vehicle financing Credit Cards Lines of Credit (secured or unsecured) Loans – (auto, Student, Business, RSP, and personal loans) Opening up a bank account I regularly get questioned, “how much does a hard hit lower your score?” The answer is that all depends […]

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Finding it difficult to fix your own credit? It can be really is if......

  Fixing your credit yourself if easy if…… I am constantly bombarded with calls from Canadians asking, “why is it so difficult to fix my credit”. Removing errors/fraud can be easy if you have some of the following things going for you: Speak Tagalog If you are having a hard time understanding the person on the end of the line, it is because the call center for Equifax (Canada’s most popular credit reporting agency) is located in the Philippians where […]

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Equifax and TransUnions' naughty or nice list

  Equifax and TransUnions’ Naughty or Nice list Needless to say it is a very busy time at the North Pole and because everything is so busy Santa makes sure he has a list. Not only is he making a list but he his checking it twice! Why do you think he has to check it twice? He may be magical but he is still human, I think. My gift to you As the Christmas season approaches I would like […]

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pointing-finger

The Blame Game – why are there so many errors on your credit report? Do you remember when you were younger and your mom would get mad at you for pointing the finger at someone. “Pointing is rude” or “remember there are three fingers pointing back at you”, she would say. When you have errors or fraud on your credit report you can point the finger or play the game all you want but there is one person it is […]

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Harvard and your credit

What Harvard and community college have to do with your credit? Imagine that you are a part of HR and you have two applicants to decide between for an available position at the company. One applicant graduated with honors from the local community college and the other applicant went to Harvard. All other things being equal, which applicant would you choose? Unless you have something against Harvard, chances are you will see the Ivy League School as a cut above […]

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My name is Joe

Stop Labeling yourself with Good Credit or Bad Credit Whenever anyone finds out that I help Canadians fix and understand their credit, I get an immediate response of, “I have good credit” or “I have bad credit”. My follow up question to either response is, “why?” In our society we tend to label our self especially when it comes to credit. I don’t care if you have amazing credit or terrible credit today because everything can change. If you know […]

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Some things you need to know before you think you are done with your credit

  Why care about credit when you don’t need it anymore? It may be hard for you to comprehend a time when you won’t need your credit anymore but it could happen. Who knows maybe you will win the lottery or maybe you are in or preparing for retirement and don’t need a mortgage or loan again. For anyone with this thought process here is some warnings: Credit cards If you plan on doing any traveling you will still want […]

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Paying your bills is not enough

Why paying your bills off in full is not enough Paying your bills off in full is a great idea! And I am not telling you to not to pay your bills. ( I know that it is a double negative). However, paying our bills in full each month is not enough to have good credit. I know that it seems like I am trying to trick you but really I’m not! I promise! Here is what you need to […]

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