Quick tips to improve your credit score

1. Bad Credit Boot Camp Quick tips for a better credit score Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca

2. Here are some quick and efficient credit score increasing tips. Martene Woodward / MortgageAssociate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca MortgageGirl.ca

3. Don’t close unused credit cards 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. Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca MortgageGirl.ca

4. Beware of closing accounts 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. Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca MortgageGirl.ca

5. Spread out your spending It is better to have 2 cards at 50% of the limit than to have 1 card maxed out. Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca MortgageGirl.ca

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. Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca MortgageGirl.ca

7. Speak to professionals with shared goals 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. Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca MortgageGirl.ca

8. Pay your bills on time Late payments lower your score and show poor repayment habits when it comes time to apply for more credit. Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca MortgageGirl.ca

9. Know your score 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. Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca MortgageGirl.ca

10. You can pull your own credit at; www.equifax.ca or www.transunion.ca Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca MortgageGirl.ca

11. Questions? If you have any questions, please do not hesitate to contact me today! Martene Woodward Mortgage Associate Argentum Mortgages P: 866.932.8412 E: Info@MortgageGirl.ca Martene Woodward / Mortgage Associate / Argentum Mortgages P:866.932.8412 / Info@MortgageGirl.ca MortgageGirl.ca