Improve My Credit Rating Winnipeg

Credit counselling in and of itself is confidential, and will have no effect on your credit score.
Some of the actions that you might take on the advice of a credit counselor could affect it negatively, but chances are, if you’re in the market for credit counselling, your credit score already exhibits some problems.

At Creditaid, we understand that the initial effort required to come in for counselling is immense. While we offer a judgment-free environment, we know the pressure that the credit industry puts on people to maintain a good “score”. Banks and credit card companies talk about it like it’s a measure of a person’s value. We know it’s not – it’s just a tool that lenders use to evaluate the level of risk that an individual exposes them to when they lend them money.

Many of our clients access one or more of the debt relief tools we have at our disposal. A Debt Consolidation or Debt Management Program will be reflected on your Credit Bureau report, and can affect your credit score negatively, both while the program is in place and for a time afterward. Since both require you to forego obtaining new credit while enrolled, this won’t be an issue until after the program is complete, and you are out of debt.

You will be surprised at the number of lenders who will still be willing to issue credit, even with a lower score. You will also have new tools, knowledge, and insight, so you’ll likely resist their tempting offers of easy money.

Creditaid has partnered with Home Trust, a federally regulated trust company that has been specializing in helping Canadians find alternative financial solutions for over 35 years. We can help you rebuild your credit with a Secured Visa card.

We have also partnered with Keystone Finance, a local financial solutions provider that has helped clients and their families live better lives for over 30 years.

If you’re finding that there’s not enough money to meet your monthly debt load, and fear that it’s spiraling out of control, contact Creditaid today. For anyone who’s ever experienced credit trouble, there’s no better feeling than being debt free.

John’s motto was always “work hard and play hard”. John had worked hard his entire career which often was his justification for the money he spent drinking, dining out, clothes and on his home. He was living the high life and he felt it was all justified.

If he had taken the time to figure out how much he was spending in relation to his income, he would’ve realized he was spending more than he was making. His bank account was often overdrawn and he was using one credit card to pay off the other.

His heavy drinking was only contributing more to his debt problems. Finally, it became so excessive that it drove his wife away. The divorce was the final straw. The drawn out divorce process and court proceedings resulted in his assets being frozen. He could not borrow money or sell any of his assets to make his payments. He was in a standstill.

Some debt problems are years in the making. When the pieces finally fall, things can quickly spiral out of control. If your debt story is like John’s, stop the speed debting and seek professional help from the counsellors at Creditaid.

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