How Do You Get Approved For A Credit Card With Bad Credit In Canada?
One way to improve a bad credit score is to begin rebuilding it by getting a credit card and making monthly payments on time. However, when you already have bad credit, it can seem nearly impossible to get approved for a credit card in Canada. Don’t despair. There are several companies that are willing and ready to help you improve your credit by offering you a line of credit in Canada. There are limitations and fees associated with these cards, but they are a great way to get your financial life back in order. Check your credit report. First, you will want to obtain a copy of your credit report to check for inaccuracies. The reason for your low credit score could be related to a mistake that is on your report and needs to be corrected. There are two agencies in Canada that handle credit reporting, TransUnion and Equifax. These agencies must send you a free copy of your report by mail if requested. If there are any discrepancies, you can call the agency to have the mistakes corrected.
