Laveta Fathy: Bad Credit in Canada?You're best bet is to rebuild using a secured card (where a cash deposit is held by the lender against your credit limit). Try Capital One, as depending on how bad your credit is they may only require a 10% deposit.Other options for secured cards are Horizon Plus Mastercard (100% deposit, with a minimum of $500) and Hometrust Visa (100% deposit, with a minimum of $1,000).For bad credit loans you may be able to get one from CitiFinancial, but the rates on all of these options will be high. If you're going to use any of them it should be as a stepping stone to good credit.Good luck!...Show more
Joey Mekeel: Each time you apply for a credit card you lose about 5 FICO points. I would advise not to apply for any new loan and credit card as you may be refused because of the bad credit and also lose 5 FICO points.Your best bet is to get a "secured" credit card and build your credit score. With Secure credit cards you have to make a term d! eposit and they will issue you credit card for the same credit limit. I would wait one year and improve my credit rating before applying for regular credit card.Horizon Plus Master Card (secure)http://www.horizonplus.ca/index.htmlHome Trust Visa (secure)http://www.hometrustsecuredvisa.com/...Show more
Caterina Yeargan: Try this one , it will help you get your credit get repaired fast and also teach you how to do it to earn income doing the same thing to help people get their credit repaired.. this system really rocks....http://www.creditrepairprofits.com
Marhta Teahan: In my experience there are two types of Bad Credit Credit Cards. One is a secured card, and the other has a much higher rate of interest. Both can be used to rebuild your credit worthiness after getting back on your feet. Secured credit cards are great for rebuilding your credit. You send the credit card company a pre deposit amount set by the companyhttp://best-loans.awardspace.com/credit-card-f! or-p...http://credit-cards.awardspace.com/You don't want the c! ompany to ever have to take from your pre deposit amount because they want you to handle your account just like you would an unsecured card. A great thing about this pre deposit amount that you send in is it can act as a savings account even earning a little-->bit of interest for you. After establishing yourself with the credit card company, they may decide to give you a unsecured credit card or increase the limit on the one you have with them without having to make another deposit. Secured credit cards are a good choice for anyone wishing to rebuild their credit history....Show more
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