HOW CAN I RE-ESTABLISH CREDIT?
Whether you have been bankrupt, filed a consumer proposal, have a poor credit history, or have little credit history, establishing your credit is very important. The process for establishing your credit can be broken down into three easy steps.
1. Straighten out your finances
This requires generating a budget to see your monthly cash income and your monthly expenses to ensure that you are not overspending your income.
2. Obtain good credit
To obtain good credit you will need to apply for credit, that will be able to report your payment history to your credit profile.
3. Make Payments On Time
This is the most important step. Your lenders will report all your payments to your credit profile so you will need to ensure that you make all of your payments on time and don’t miss any.