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Did you know you could reestablish your credit score while saving a little bit of money every month?
That’s what the credit rehabilitation saving program is all about. Basically, it works like this: you enter the program and take out a loan, the money from the loan is used to buy you a GIC, you make small monthly contributions to your loan and over the term of your loan pay it off. At the end, you reap the benefits of your GIC.
In other words, this program allows you to save by contributing to a GIC through a loan. Since you are paying down a loan you benefit from establishing your credit score as your payment history gets reported to the credit bureaus. On top of that, you are saving money and improving your financial profile. It’s a great way to get smart about your finances or get a fresh start.
If you’re in the midst of a bankruptcy, a consumer proposal, or a debt management program, the credit rehabilitation program can help you rebuild your credit and get you approved for a loan in the future. Or if you are a student or a new immigrant, the credit rehabilitation program is an excellent way to start building your credit rating. It’s also great for people with bad credit history looking to improve their financial future in order to make bigger investments or financial commitments.
Confused about what a credit score and credit report are? Click here to learn more.
![]() *Not available in Quebec and Saskatchewan |
Credit rehabilitation savings programs are perfect for people who just want to start saving some money while improving their credit. No specific reason is needed to apply for a credit rehab savings program, it’s your loan and once it’s paid off, it’s your money to do with as you please. Whether you’re looking to start an emergency fund, pay off student loans or get back on track after a job loss, a credit rehab savings program will help you with whatever financial goals you have or issues that you want to correct.
Check out these surprising perks of having good credit.
When making any kind of financial decision it’s very important that you have all the information needed to make the best choice possible for your situation. Understanding both the pros and cons of a credit rehab savings program will provide you with all the information needed to handle the financial responsibility.
Interested in even more services to help improve your credit? Check out this article.
Rebuilding your credit history is a serious task and sometimes it can take years, this is why it’s so important that you have a plan. Adding a credit rehab savings program to your plan of attack will not only help you improve your credit score quicker but will help you save money. A credit rehab savings program is a financial tool, one that is not only very easy to use but very easy to be approved for. No matter what your financial past looks like, a credit rehab savings program can help you achieve your goals and refresh your finances for a brighter and better financial future.
What are you waiting for? An improved financial future awaits. Get started on your credit rehabilitation savings program application today.
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Check out our interview with addy; a platform that allows Canadians to invest in different properties across Canada with as little as $1.
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