Credit Rebuilding

At Credit Solvency, we understand that life can sometimes get in the way of your financial goals. Unexpected expenses, job loss, or other circumstances can lead to a less-than-perfect credit score. But a low credit score doesn’t have to hold you back forever.

Our credit rebuilding services can help you get back on track and improve your credit score. Our team of experts will work with you to create a personalized plan to address your unique credit situation. We’ll help you understand the factors that are impacting your credit score and provide guidance on how to improve them.

Some of the ways we can help you rebuild your credit include:

  • Identifying and disputing errors on your credit report
  • Helping you create a budget and set financial goals
  • Providing guidance on how to make on-time payments and reduce your debt
  • Working with you to apply for new credit accounts, if appropriate
  • Advising you on the best credit products and strategies for rebuilding your credit

With Credit Solvency, you’ll have a dedicated team of experts in your corner, ready to help you take control of your credit and move forward with your financial goals. Contact us today to learn more about our credit-rebuilding services and how we can help you get back on track.

How to rebuild my credit in Ontario ?

  1. Obtain a copy of your credit report from a credit reporting agency and review it for errors or incorrect information. Dispute any errors or incorrect information with the credit reporting agency and have it corrected.
  2. Pay all bills and debts on time. Late payments and missed payments can significantly damage your credit score.
  3. Reduce your credit card balances and avoid maxing out your credit cards. High balances on credit cards can also negatively impact your credit score.
  4. Avoid applying for new credit or loans unless absolutely necessary. Every time you apply for credit, it can result in a hard inquiry on your credit report, which can temporarily lower your credit score.
  5. Consider obtaining a secured credit card, which requires a security deposit to be held as collateral. This can help you build or rebuild your credit by using the card responsibly and making on-time payments.
  6. Consider seeking credit counseling or financial education resources to help you manage your finances and improve your credit.
  7. Be patient and persistent. Rebuilding your credit takes time, but by consistently making on-time payments and managing your finances responsibly, you can improve your credit score and access better credit opportunities in the future.

What is the fastest way to rebuild credit?

The fastest way to rebuild credit is to:

  1. Obtain a secured credit card, which is a type of credit card that requires a deposit to secure the credit limit.
  2. Use the secured credit card responsibly by making on-time payments and keeping balances low.
  3. Gradually increase the credit limit by adding more money to the deposit or requesting a credit limit increase from the issuer.
  4. Open additional credit accounts, such as a personal loan or credit builder loan, and manage them responsibly.
  5. Monitor your credit reports regularly to ensure accurate information is being reported, and dispute any errors or inconsistencies.
  6. Keep credit utilization low by not maxing out credit cards or having a high balance relative to the credit limit.

By following these steps, you can rebuild your credit quickly and improve your credit score. It is important to be consistent and disciplined in your credit habits to achieve the best results.

Have any Questions? Call us Today!

+1 (514) 431-4815

Your credit score is a reflection of your financial responsibility. If you want to rebuild your credit, you need to be willing to take responsibility for your past mistakes and work to make things right.

        Jean Chatzky

The best time to start rebuilding your credit is right now. Don’t wait until you really need good credit. Start taking the steps to get there now.

        Suze Orman

Rebuilding credit is like building a house. It takes time, but with a solid foundation and a clear plan, it can be done.

        Dave Ramsey