THE BASICS: WHAT'S A CREDIT SCORE?
HOW YOUR CREDIT SCORE IS CALCULATED
The duration of time you’ve had credit
The timeliness with which you make payments
The amount of debt you have in relation to available credit
The number of recent credit applications
The balance you carry on each credit card and loan
The overall amount of debt you have
The types of credit you’re using
The presence of debts that have been sent to a collection agency
A record of having filed for bankruptcy
WHAT CAN YOU DO TO IMPROVE YOUR CREDIT SCORE?
10. SEEK CREDIT COUNSELLING
If you’re in debt, help is available. Indeed, getting assistance from a licensed insolvency trustee can allow you to regain control of your financial situation and consequently improve your credit score. D & A MacLeod Company Ltd offers credit counselling services and can help you assess your situation and come up with a plan that will ensure you can meet your goals.
If you need assistance taking control of your finances, reach out to us. We’ll review your options with you and help you make informed decisions about how to improve your financial situation.
PERSONALIZED CREDIT COUNSELLING IN OTTAWA & ACROSS EASTERN ONTARIO
If a low credit score is holding you back, the licensed insolvency trustees at D. & A. MacLeod Company Ltd. can help. We’ll work with you to manage your debt and repair your credit score one step at a time. And if you have questions about whether filing a consumer proposal or consolidating your debt is right for you, we can help with that too. For over 70 years we’ve provided credit counselling and debt help to people in Ottawa, Kingston, Kanata, Brockville, Smith Falls, Pembroke, Cornwall and other parts of Eastern Ontario.
Contact us today to receive personalized financial assistance and learn more about your options.