What can I do to rebuild my credit?
To rebuild your credit, you require someone who is willing to give you a chance to prove yourself. We recommend that you get a Secured Credit card. This is a great way to help start the process to repair and rebuild your credit. This strategy helps to prove to creditors that you can handle credit with a Secured Credit card. A Secured Credit Card works like a regular Credit card, except for your credit limit which is secured by a cash deposit. You provide a deposit to the Secured Card issuer for as little as $1,000 or more. A Secured Card works the same as a regular Credit Card when renting a car, reserving a hotel room or making purchases online.
MORE QUESTIONSDo I qualify for bankruptcy? How long will I be bankrupt? How much will it cost? How will my credit rating be affected? If I declare bankruptcy, will I lose everything? Should I declare bankruptcy? Will I still be responsible for some debts after filing for bankruptcy? Does Filing for Bankruptcy in Canada Affect My Spouse? What is a bankruptcy discharge and the process involved? What is the OSB and what are their responsibilities? If I file a proposal or declare bankruptcy, what happens to my credit rating? What happens if my creditors vote against accepting my consumer proposal? Can I leave some creditors out of my consumer proposal? How Do I Get a Mortgage After A Consumer Proposal? Can a student with a government student loan go through bankruptcy or get a consumer proposal?