of Lloydminster

Your Community Minded Realtors

Contact Us Anytime

Office: 780-808-2700
Toll Free: 866-666-2700

RE/MAX Of Lloydminster
5726 - 44 Street
Lloydminster, AB
T9V 0B6

"each office independently owned and operated"

Why Should I Repair My Credit?

Your credit history is more than just a number; it affects nearly every aspect of your financial life. If you are suffering from a low credit score, you're probably an excellent candidate for credit repair services.

Here are just a few of the ways that credit repair can lower your expenses and boost your opportunities:


Qualify for Loans and Mortgages 

When you apply for a loan, whether from a bank, credit union, car dealership, or elsewhere, the lender relies on your credit history to decide whether to approve your application. Their job is to limit risk and try to ensure that you'll be able to pay off your monthly installments consistently and on time.


If your credit is low, you'll find your borrowing power limited. It can be incredibly hard to qualify for mortgages and other high-value loans, and you'll be looking at higher interest rates for any loans that you do qualify for.


Reduce Your Insurance Premiums

The insurance industry is all about managing risk, so it should come as no surprise that they appreciate customers with stable finances. Insurers look at your financial track record when determining your risk levels in other areas of life. A low credit score is usually seen as a sign of high-risk behavior, and can result in higher monthly premiums for everything from auto insurance to travellers coverage.


Open Up New Job Opportunities

Did you know that many employers check the credit history of applicants as part of the background-check process? Even if you already have a job you're happy with, your company may look at your credit score when considering you for a promotion.


This is because your credit history reflects your ability to manage money and responsibility. Employers cannot conduct a credit check without your approval, but many jobs will be contingent on your agreement. Credit checks are most common for positions that will have you handling cash, or will give you access to confidential employee information, including finance, banking, human resources, and even retail.


Getting a handle on your credit is the smartest financial decision you can take, and it all starts here. Don't let your score hold you back!


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The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.