Credit Rehabilitation Program

 

Some of the clients who come to us for a mortgage here in Edmonton do not qualify due to bruised credit. Time alone is usually not enough to fix your credit score, at least not in a reasonable time; you need to establish new credit. The tough part of re-establishing your credit however, is actually qualifying at the banks due to the poor credit score you have right now. We hear from clients all the time who are in exactly this situation so we decided to do something about it; we developed our Credit Rehabilitation Program to help point them in the right direction!

When you sign up for our program, we will set you up with a secured credit card and a GIC investment loan, which will both report to the credit agencies here in Canada. By setting up both a loan and a revolving credit line, the lenders will see that you have re-established both types of credit (revolving credit lines and installment loans) and your credit scores will soon start to reflect this new 'clean' credit history.

Almost everyone qualifies for our program, so there is no need to worry about being turned down. Simply apply on-line and we will contact you with the details of the program and the options that exist for you. You can have a new secured credit card with a limit as low as $500, and a loan with a payment as small as $78 (which again is paying off a GIC which has been purchased in your name). You are now back on the road to being credit worthy again!

 

Secured Credit Card                      GIC Investment Loan

$500 - $10,000 Limit                                      $2300, $3200 or $5500 Limits

$5/month or $49/year                                  $300 Set up Fee ($400 for $5500)

19.99% Interest Rate                                    12.99% Interest Rate

3% Minimum Payment                                   $78, $108 or $126/month Payment Options

Reports to Credit Agencies                           Reports to Credit Agencies

Must be Discharged from Bankruptcy             Do not need to be Discharged to Qualify

Not Available in Quebec                               Not Available in Quebec

Let us set you up and get you back on track with your credit. In no time we will be arranging a mortgage for you instead of a credit card, after all, that's what we do. Apply now! Or if you would like to simply apply directly for these products without our assistance, simply click here for the secured credit card application and here for the link to the GIC investment loan.

Call one of our Mortgage Brokers today, or apply online for a Free Pre-Approval today.