Bad Credit Boot Camp

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Quick tips to improve your credit score

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Bad Credit Boot Camp

  1. 1. Bad Credit Boot Camp<br />Quick tips for a better credit score<br />Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca<br />
  2. 2. Here are some quick and efficient credit score increasing tips. <br />Martene Woodward / MortgageAssociate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca<br />MortgageGirl.ca<br />
  3. 3. Don’t close unused credit cards<br />If the card has a low interest rate, use it periodically and pay off the balance quickly. This can keep your credit active and improve a low credit score.<br /> <br />Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca<br />MortgageGirl.ca<br />
  4. 4. Beware of closing accounts<br />Get it in writing that the account has a zero balance before closing it. I have seen a $22 balance ruin a credit score because the borrower was unaware of the balance.<br />Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca<br />MortgageGirl.ca<br />
  5. 5. Spread out your spending<br />It is better to have 2 cards at 50% of the limit than to have 1 card maxed out.<br />Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca<br />MortgageGirl.ca<br />
  6. 6. Never exceed your credit limitEven $1 over limit can lower your credit score. Always ensure your balance is below your limit before your interest calculation day. Your interest calculation date can differ from your payment date; check your statement to confirm.<br />Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca<br />MortgageGirl.ca<br />
  7. 7. Speak to professionals with shared goals<br />There is a different credit plan for someone eliminating debt than there is for someone getting a mortgage. Do your research before making any decisions about your credit.<br />Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca<br />MortgageGirl.ca<br />
  8. 8. Pay your bills on time<br />Late payments lower your score and show poor repayment habits when it comes time to apply for more credit.<br />Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca<br />MortgageGirl.ca<br />
  9. 9. Know your score<br />Protect yourself from identity theft by checking your credit once a year. The higher your score, the lower risk you are to potential lenders if you are applying for credit.<br />Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca<br />MortgageGirl.ca<br />
  10. 10. You can pull your own credit at;<br />www.equifax.ca or www.transunion.ca<br />Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca<br />MortgageGirl.ca<br />
  11. 11. Questions?<br />If you have any questions, please do not hesitate to contact me today!<br />Martene Woodward<br />Mortgage Associate<br />Argentum Mortgages<br />P: 866.932.8412<br />E: Info@MortgageGirl.ca<br />Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca<br />MortgageGirl.ca<br />

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