Hey guys, i was wondering what can someone do when having a bad credit score and landlord isnt renting appartment? can a MP help? what, where, why? thanks guys...
Bad credit report in CANADA!
- Thread starter justsimple
- Start date
Nobody, especially an MP, can do anything about your bad credit. Your options are to wait while rebuilding your credit or find a co-signer.
SenoritaBella
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It is hard to rent an apartment with bad credit but you will have better luck renting from someone who owns a house and is looking for a tenant for a section of it.
Or you can try to rent from a boarding house or sublet with roommates.
Or you can try to rent from a boarding house or sublet with roommates.
Steaky I am sure you didn't mean it that way, but think how hard it would be to get a mortgage without a good credit rating?
If you have a credit card use it sensibly and pay your bill off each month. Apply for your credit rating. I think Equifax will give you a credit rating once a year free. You pay if you wish to learn your actual credit score. It is actually a good thing for us all to do once a year. You maybe surprised by what you find in the report and it is important to check that their information is correct. There is a mechanism to get errors changed. One surprising thing I learned is that requesting your credit rating more than annually can negatively impact your score as it looks like you are expecting something bad. All the best.
If you have a credit card use it sensibly and pay your bill off each month. Apply for your credit rating. I think Equifax will give you a credit rating once a year free. You pay if you wish to learn your actual credit score. It is actually a good thing for us all to do once a year. You maybe surprised by what you find in the report and it is important to check that their information is correct. There is a mechanism to get errors changed. One surprising thing I learned is that requesting your credit rating more than annually can negatively impact your score as it looks like you are expecting something bad. All the best.
SenoritaBella
VIP Member
- Jan 2, 2012
- 3,673
- 194
- Category........
- Visa Office......
- Dakar
- Job Offer........
- Pre-Assessed..
- App. Filed.......
- 08-01-2014
- AOR Received.
- 12-02-2014
- File Transfer...
- 25-02-2014
- Med's Request
- 02-11-2015
- Med's Done....
- 18-09-2013
- Passport Req..
- 02-11-2015
- VISA ISSUED...
- hopefully soon
- LANDED..........
- hopefully soon
Hmm...whoever approved your mortgage must have ran a credit check on you and you were approved because your credit report probably didn't have negative findings. Otherwise, how did they determine your interest rate or your risk level? :-X I find it hard to believe they would do it for a $1000 credit card but not for hundreds of thousands of dollars. hmm
If you got a mortgage with bad/poor credit, then your interest rate is probably high.
If you got a mortgage with bad/poor credit, then your interest rate is probably high.
steaky said:
SenoritaBella said:
No, that's not true. I got the same low interest rate as advertised by the developer. Some developers are more motivated than others. Furthermore, I didn't have Canadian credit history and I was living outside Canada at the time of that transaction.
Yes, they run a credit check on me when I applied a Canadian Tire credit card upon my first week of returning to Canada, but was not approved. What's a big difference!
