We Can Help You With:
High Credit Card Debt Reduction / Collection Calls / Debt Reduction / Foreclosure Debt Solutions / Student Loans / Pay Day Loans / Income Tax Debt / Wage Garnishments / Credit Consultation Loans
Your past money mistakes can impact your overall credit profile and could ruin your chances of qualifying for credit services such as mortgages, car loans, and other credit financing options for your investment activities. However, the good news is that York Credit Services can help you address various issues that are pulling down your credit score and help you build a new credit profile that can be impressive to potential lenders.
What is credit repair?
A reputable credit repair agency can help you fix your poor credit standing that may have deteriorated due to a range of reasons. Fixing your credit could involve various steps, such as identifying incorrect financial information in your credit report and disputing that information. This process is known as credit repair.
Sometimes, repairing bad credit can involve legal procedures, particularly if identity theft is involved. The entire credit repair process extends beyond addressing mistakes in your credit report and covers issues like budgeting and addressing various legitimate concerns from financial lenders.
Suppose you have a tainted credit score and you are seeking reliable credit repair services. In that case, there is a good chance you have seen many entities claiming to offer the most affordable and reliable debt consolidation services. While most of them provide services that actually work, their efforts and the approach to credit repair may be somewhat questionable. This is the main reason you are advised to do your due diligence before hiring any credit repair company.
The process of addressing various mistakes in your credit report and fixing your overall credit standing can be complicated and sometimes requires financial and legal expertise. York Credit Services can help you address various credit-related issues and improve your credit profile.
How credit repair works
Perhaps you have seen some credit repair companies that say they can fix poor credit standing very fast. The reality is that the entire process of identifying and correcting mistaken data on your credit report is a tedious process that takes a lot of time. It’s also important to keep in mind that the specific data quoted by Equifax and TransUnion Canada cannot be changed by any third party directly.
That means the only legal and effective way of correcting misrepresented financial information in your credit report is to identify these mistakes and file a dispute with the credit reporting agencies. At York Credit Services, we have financial professionals and lawyers who can investigate your credit report information, check for mistakes, and ensure that the respective credit reporting agency addresses mistakes.
It’s also important to note that your overall credit standing heavily depends on how well you address your financial obligations. For example, making sure that all your bills are paid on time, all expected minimum payments on various debts have been made, and not missing any expected debt payment would improve your credit standing.
Also, your usage of the available credit limit plays a significant role in determining your credit score. For instance, if you have used more than 50% of your available credit, there is a chance you will not be able to improve your credit score even when you have been making timely minimum payments and never missed a payment. Again, the issue here is that liquidity is likely to be pressured by your overall debt level. For this reason, reducing the amount of debt you have can result in significant improvement in your credit score and credit history.
The financial professionals at York Credit Services are dedicated to helping you uncover the major causes of your poor credit profile and building an impressive credit report so that you don’t get turned down by potential financial lenders. Contact us today if you require more information about our credit repair services in Mississauga.
MISSISSAUGA’S CREDIT REPAIR EXPERTS
Having a tainted credit history can make it very challenging for you when applying for various credit financing options such as mortgages and car loans for your investment ambitions. This is because most Canadian lending institutions rely significantly on your ability to pay back the amount of money you borrow, which is often directed by your overall credit score and credit history.
A poor credit score simply tells the potential lenders that you don’t address your bills on time, you probably owe money that you haven’t paid back, or your overall credit utilization practices are poor. Any of these instances is bad news because lenders prefer advancing their credit packages to creditworthy borrowers and can meet their financial obligations without failure.
Another cause of poor credit history is exceeding your current credit limit on your credit cards. We understand that various financial difficulties can derail your investment plans and financial wellness at your credit services. However, these issues should never stop you from making important financial achievements in the future. This is why we offer custom credit repair services to help you build an impressive credit profile.
There are many issues that could be derailing your credit history and credit score. These include high credit-card debts, foreclosure debt issues, payday loans, and income tax debts. The moment you realize that you owe more cash than you can repay, don’t hesitate to contact our credit repair experts. We can help you figure out an effective debt-repayment plan that can help you get out of deep debt. Some of the types of credit problems which may affect your credit score that we can help with, include high credit card debts, payday loans, student loans, income tax debt and foreclosure debt problems. If you owe more than you can pay back, you need a credit repair solution as soon as possible. Credit repair helps you focus on paying your debt within the shortest time possible so you can move on financially from crippling debt.
UNDERSTANDING CREDIT REPORTS
Most Canadians have a credit history and a credit score without even knowing it. Perhaps you have used more than 50% of your available credit limit, didn’t pay the minimum balance on your debts, made late payments, or you have maxed out your credit. Such seemingly inconsequential actions can have an adverse effect on your overall credit score. Keep in mind that all your financial data is recorded in your credit reports and lasts for about 6 years.
In Canada, credit monitoring and reporting bureaus such as TransUnion and Equifax are responsible for generating credit reports for Canadians. This makes it necessary for us to collaborate with these agencies and our clients’ creditors to ensure that the correct information is indicated in their credit reports. This makes it possible for us to improve a bad credit profile to something impressive.
The entire credit repair process isn’t an easy affair. It is a challenging undertaking that allows people who are ready to commit to our program to prove themselves financially responsible. The ability to turn a bad credit standing into an impressive credit profile is one way of convincing potential lenders that you can actually handle or your financial obligations.
THE CREDIT REPAIR PROCESS
The first and most crucial step in repairing your damaged credit is to determine the specific areas that need improvement and acquiring a copy of your credit report from credit bureaus such as Equifax and TransUnion Canada. Our experts will help you handle this process and evaluate your credit profile to uncover the specific issues that could be pulling your credit score down.
Once you have figured out the main cause of your poor credit standing, it’s time to address it. These issues could include misrepresented financial data, your tendency to make late payments or miss payments, or poor utilization of your available credit limit. Suppose there are errors in your credit report. In that case, our financial experts will identify these mistakes and file disputes to ensure that the credit reporting agencies can correct those mistakes and issue an accurate credit report.
It is essential to mention that our financial professionals and lawyers cannot erase negative information from your credit report, particularly if that negative information is correct. This is because there are no laws that allow us to tamper with the details of your credit report issued by credit reporting bureaus. However, we can help you ensure the accurate information is indicated in your credit report. We can also help you implement other ways of building your credit score.