Credit

A resource for learning how to build your credit in a stable and successful way

Credit is an essential part of financial life in Canada. The average Canadian consumer has 2-3 credit cards from major credit card issuers, not including specialty store cards. In addition, credit reports and credit scores are routinely used in Canada to determine a consumer’s risk as a borrower, renter and even a potential employee. With so much riding on your credit rating, it’s important to really understand how credit works in Canada and how you can manage your credit successfully.

Although credit is a vital financial tool in Canada, it also causes financial hardship for millions of Canadians throughout the country. If issues with credit card debt are causing problems for your financial future, we can help. Call Consolidated Credit today at to speak with a trained credit counsellor for a free debt and credit evaluation. The credit counsellor can help you find the most effective way out of debt that will do the least harm to your credit. You can also choose to get started online with a request for a Free Debt Analysis.

Learn about the following topics so that you can master your credit:

  • Understanding Your Credit Report – Your credit report is a written history of your credit use, and it allows creditors and lenders to assess your potential as a borrower. Learn more about your credit report and how to maximize its potential.
  • Understanding Your Credit Score – Your credit score might be most important three-digit numbers in your life. It is calculated from your credit report and will have a direct effect on the amount of interest you will pay when you borrow money.
  • What you need to know about Credit Repair – If your credit score isn’t where you’d like it to be, don’t worry. There are ways to improve your score so that you can enjoy the benefits that come along with a strong credit rating.
  • How to Build or Rebuild Your Credit – Whether you’re a young person starting from scratch, or you’re battling back from some credit trouble, we have some practical tips on how you can strengthen your credit score.
  • Credit in a New Country: Credit for Newcomers – For better or worse, new Canadians are faced with a blank credit slate when they enter the country. It can difficult for some people to find themselves at square one, so we have some advice on building credit in a new country.

Having a good credit score is important in life and paying your bills on time and carefully managing your credit will put you in a great financial position. However, this might be easier said than done. If you find yourself struggling with debt and you need a helping hand to get ahead, call Consolidated Credit today at . A trained credit counsellor will assess your unique situation and give you personalized advice on fixing your credit. You can also get started online by trying a Free Debt Analysis.