Five Tips to Help You Repair Your Bad Credit Many people are reluctant to admit that they have bad credit. Bad credit is caused by inability to pay financial debts, such as those caused by credit cards or loans. Bad credit can be troublesome, but it can be repaired.
Hi, my name is Amit, Credit Counsellor at Credit Management Services. We are an Ontario Based firm with a professional and dedicated staff of government certified counsellors that provide result driven solutions and answers to almost every financial problem! My team and I provide services for debt consolidation and settlement, mortgage loans and real estate to consumers since 2003. This month’s article focuses on five tips to help you repair your bad credit in Toronto and Greater Toronto Area. At Credit Management Services, we can help you find a plan that really works for you. We fight on your behalf not the creditors to provide you and your love ones the best financial solution so you can manage your debt easily. Here a five tips to help you repair your bad credit: 1. Repair efforts can go awry if unsolicited creditors are polling your credit. Pre-qualified offers are quite common these days and it is in your best interest to remove your name from any consumer reporting lists that will allow for this activity. 2. You will be able to get a lower interest rate if you keep your personal credit low. By lowering your monthly payments, you'll be able to reduce your debt more quickly. Asking for a better deal from your debtors can help you get out of debt and back to achieving a better credit score. 3. If you want to repair your credit faster, you might want to ask someone if you can borrow some money. Just make sure you pay them back because you don't want to break a relationship up due to money. There's no shame in wanting to better yourself, just be honest with people and make them understand your financial needs. 4. It is easy to find a loan even if you have bad credit, but it isn't all positive. If you have bad credit, you are forced to pay higher interest rates and it is hard to find fair companies, that don't punish you for negative credit. It is much easier to legally clean up your credit than to pay thousands of dollars more for a loan. 5. If you have credit cards, make sure you're paying off the entire balance at the end of the month. This will help keep you from getting into a spiral of debt. If you let your credit card bills start piling up, it becomes nearly impossible to pay them all off.
The first step to take if you are trying to repair your credit score is to ask for the annual, no-cost copy of your credit report. Since your credit report contains all the information which is used to tabulate your credit score, scour it closely for any errors. Pay particular attention to the reports of late payments and make sure that the amount of debt listed for each open account is correct. If you spot any incorrect data on your credit report, dispute these errors with the reporting agency and the credit bureau. At CMS Group, we offer FREE professional consultation for new and existing clients in Toronto and GTA. We work hard to get the least possible monthly installment for you. We can help you with Bankruptcy. Please contact us now to get started to save time and valuable resources: We have 5 locations in Toronto and Greater Toronto Area to serve you better
Credit Management Services 970 Lawrence Ave W, Suite#105, M6A 3B6 416-780-1020 Credit Management Services 150 Consumers Rd, Suite#200, M2A 1P9 416-780-1020 Credit Management Services 3025 Huronatrio St, Suite#300, L5A 2H1 416-780-1020 Credit Management Services 60 Atlantic Ave, Suite#200, M6K 1X9 416-780-1020 Credit Management Services County Court Blvd & Hurontario, L6Y 416-780-1020 Website: http://www.cmsgroup.ca Our Google + business listing pages: Toronto | Downtown Toronto | Scarborough | Mississauga