Step #1

FRESH START STRATEGY

Credit Repair success after bankruptcy requires applying for a SECURE CREDIT CARD

DO NOT apply for credit card or loan at your bank or finance company.

 A secured credit card is when the security deposit you provide is equal to the credit limit of your credit card.

With a secured credit card you'll start establishing your credit payment history and build a credit score.

You must pay off outstanding collections or other derogatory items on credit report.

You can request your FREE CREDIT REPORT simply by contacting Equifax Canada at 1-800-465-7166   

Once you paid off all derogatory items then you can move onto step two.

Step #2

Start With Guaranteed Master Card With $100.00 Deposit!

Apply for a Capital One Secured Mastercard. This is a great way to build your credit history and start enjoying the benefits of a credit card.

You must send a security deposit by cheque or bank draft

 Use it to buy gas or groceries and pay it off immediately. DO NOT MISS A PAYMENT !

Step #3                          Two Secured Credit Cards!

(You Should Complete This Step In ...
... The Next 30 - 45 Days)

In Step #2 you got started with $100.00 deposit and you now have your first secured credit card from Capital One.

Now I want you to take $1000.00 and apply for your second secured credit card.

Having 2 cards will speed up the process of rebuilding your credit.

(If you don't complete this step then you will not see your credit score going up as fast).

The Horizon Plus Secured Visa® allows virtually all Canadian residents to have a credit card. An option is to acquire a "secured credit card".   A "secured credit card" is a card backed-up or secured by funds you have deposited with the financial institution. 

The card looks like a credit card, and acts like a credit card but will have a limit depending on the amount of money that secures the card.

Using a secured credit card is a quick way to rebuild your credit rating. HorizonPlus reports your payment history to the credit bureaus each month. As you make regular payments your credit history looks better and better.

•o    Available in all Canadian Provinces

•o    Approval is virtually guaranteed

Even if you have no credit, or your credit history is less than perfect, you have an excellent chance of being approved for a HorizonPlus Secured MasterCardTo be approved you should be able to prove the following:

• You must be discharged from bankruptcy
• You must be employed or able to show a source of income
• You must have a verifiable Canadian home address
• You must have a valid Social Insurance Number

Step #4

Increase Your Total Credit Limit
To $5,000.00 Dollars!

•·         If you'd like to obtain a mortgage at a bank with low rates you must have 3 established and active accounts for at least 12 months. The credit limit of all 3 together should be $5,000.

·         You must be discharged for at least 2 years if you were bankrupt or in a consumer proposal.If you have established your credit report with at least 3 credit cards in the last 12 months you may qualify for a discounted mortgage.

•·         DO NOT MISS A PAYMENT- if you do you will need 20% down or more.

•·         If all this is done you may buy a home with as little as 5% down payment !

 Complete step #4 as soon as possible.

To increase you credit limit to $5000 it can be done - 2 ways

1. Apply for a HOME TRUST SECURED VISA - you would need to provide a deposit of $4500.0

2. Apply for a loan at Wells Fargo Financial

A personal installment loan is an easy way to arrange for financing when you need extra cash fast. And, since there are no restrictions on how you can use the money, you can use it for unexpected expenses, to pay off your bills, or for a well-deserved vacation - the choice is yours. Our team is committed to providing you with a fast decision and quality service.

With no obligation

• Your payments are always the same allowing you to better manage your budget
• Increased affordability with extended loan terms
• You know exactly when your loan will be paid off
• Pay off your loan any time, without a prepayment penalty
• There are no restrictions on how you use the money

In order to apply for a personal loan, you must meet the following criteria:

1. Be a Canadian resident
2. Be of age of majority in the province in which you reside
3. Have a consistent source of income

Call 1-800-810-7385 to Get Started Now

Step #5

Monitor Your Equifax Credit Report & Credit Score Every Three Months!

Do Not Apply for any more credit

Use your cards for everyday goods such as gas

Pay outstanding balances on time - DO NOT MISS A PAYMENT

Monitor your credit report every three to four  months.

Make sure that information on your credit report is accurate and all incorrect information has been either removed or updated.

 You will not be losing any credit score points by performing your own inquiry.

THAT'S IT - YOU WILL BE READY TO BUY

 A HOME IN A SHORT PERIOD OF TIME

• Bankruptcy
• Late Mortgage Payments
• Judgements Liens, Charge offs
• Collection accounts
• Foreclosure
• No credit
• Too many bills
• Unemployed or laid off
• Turned down by a bank