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Glossary Of Terms For Clients with Bad Credit.
Please contact us if you need an explanation or information on any of the below terms or information.
| Credit Repair | the process of repairing a current credit score/rating |
| Debt Settlement | also known as debt arbitration, debt negotiation or credit settlement, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.
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| Credit Restoration | consumer's right under the fair credit reporting act to dispute credit history items disclosed in a credit report . credit bureau will investigate, and remove verifiable errors at the consumer's request. But accurate, though derogatory, information cannot be removed; legal judgments against the borrower remain in a credit report for seven years, and bankruptcies for ten years. |
| Identity Theft Insurance | to help protect identity theft |
| Mortgage Declined | being declined a mortgage loan |
| Bad Credit | low credit rating score due to poor credit history |
| Credit Score Increase | the means of a credit score rating to be increased |
| Debt Consolidation | lumping all debt into one sum and paying off on that one sum of money. |
| Avoid Bankruptcy | the means not filing for bankruptcy and finding alterative means of fixing credit. |
| Foreclosure Mitigation | unable to meeting payment agreements and the items are re-collected |
| Credit Rating | is a number which identifies your standing with your credit and the way you treat and handle your credit/loans/payments. |
| Credit Report | a listing of all historical credit events, from lenders, courts |
| Equifax | Canada's top credit company, they make the reports for peoples credit reports. |
| TransUnion | USA top credit company, they make the reports for peoples credit reports. |
| FICO Score | Credit bureau scores are often called "FICO scores" because most credit bureau scores used in the U.S. are produced from software developed by Fair Isaac and Company. FICO scores are provided to lenders by the major credit reporting agencies.
FICO scores provide the best guide to future risk based solely on credit report data. The higher the credit score, the lower the risk. But no score says whether a specific individual will be a "good" or "bad" customer. And while many lenders use FICO scores to help them make lending decisions, each lender has its own strategy, including the level of risk it finds acceptable for a given credit product. There is no single "cutoff score" used by all lenders and there are many additional factors that lenders use to determine your actual interest rates. |
| Beacon Score | a number that is based of the person credit report/history on how good or bad they are within their standings. |
| Trustee | works for the banks and collectors, does not represent a customer at all, |
| Consumer Proposal | ? |
| Payday Loan | typically a bi-weekly loan based off of a persons net income, they charge a fee per $100 lent out to a customer, and due to be paid in full come the following payday of the customer. |
| Auto Loan | a loan to buy a car |
| Secured Visa | putting a deposit down on a credit card and getting a limit with the means of using and building credit, this is not a pre paid credit card. |
| Secured MasterCard | same as above |
| Secured Credit Card | same as above |
| Debt Arbitration | ? |
| Equifax Dispute | where something maybe incorrect on your credit report, this dispute takes the time to have the changes made |
| Credit Fraud | where someone whom is not you uses your cards or credit information to committee fraud |
| Collection Agency | mostly 3rd party companies that due all means of collecting any outstanding funds from accounts. |
| Nordon Collections | |
| ARC Collections | |
| CBC Collections | |
| CSC Collections | |
| Credit Bureau | is a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. It is an organization providing information on individuals' borrowing and bill paying habits.[1] This helps lenders assess credit worthiness, the ability to pay back a loan, and can affect the interest rate and other terms of a loan. Interest rates are not the same for everyone, but instead can be based on risk-based pricing, a form of price discrimination based on the different expected risks of different borrowers, as set out in their credit rating. Consumers with poor credit repayment histories or court adjudicated debt obligations like tax liens or bankruptcies will pay a higher annual interest rate than consumers who don't have these factors. |
| Cash one | Pay day loan lender. |
| Money Mart | worlds largest payday loan vender, based off net pay biweekly this company loans to customers and charge a fee per every $100 loaned out. |
| Fast Cash | payday loan lender |
| Mogo | Canada based payday loan lender |
| Payday King | payday loans lender |
| Quick Loans | payday loans lender |
| Installing | payday loan lender |
| Cash Store | Payday loan lender |
| Cash Money | payday loan lender |
| Cash House | ? |
| Dominion Lending | ? |
| Verico Mortgages | ? |
| Carfinco | ? |
| Invis Mortgage | ? |
| Pawn Shop | A place where a person can bring in goods and trade in for cash, with a time frame to be able to go back in and give the money back to redeem their personal belongings again. If the customer does not return with funds the item is then for sale to the public, as well as you can sell items to this place and get cash and not have to return to pay off the "pawn loan" |
| Cash Converters | Pawn Shop |
| Mortgage Centre | |
| Mortgage Architects | |
| Mortgage alliance | |
| Canequity | |
Debt Recovery Agencies.
If you have collections with any of the below listed agencies please contact us from our home page.
• Account Recovery Corporation.
• ARO or Agence de Recouvrement Ogilvie.
• Alliance One.
• Allied International Credit.
• CBV Collections Services Ltd.
• Collect Com Credit Inc.
• Collectcorp.
• Common Collection Agency Inc.
• Financial Debt Recovery Ltd.
• Global Credit & Collection Inc.
• iQor Canada Limited.
• M J R Collection Services Ltd.
• Metropolitan Credit Adjuster Ltd.
• NCO Financial Services Inc.
• Nor-Don Collection Network Inc.
• Partners in Credit.
• Portfolio Management Solutions Inc.
• Total Credit Recovery.
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Canadian Cities and Regions that we service.
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Toronto, Ontario
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Montreal, Quebec
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Calgary, Alberta
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Ottawa
Ontario |
Edmonton
Alberta
Mississauga
Ontario |
Winnipeg
Manitoba |
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Vancouver
British Columbia |
Hamilton
Ontario |
Quebec City
Quebec |
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Brampton
Ontario |
Surrey
British Columbia |
Halifax
Nova Scotia |
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Laval
Quebec |
London
Ontario |
Markham
Ontario |
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Gatineau
Quebec |
Vaughan
Ontario |
Longueuil
Quebec |
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Windsor
Ontario |
Kitchener
Ontario |
Burnaby
British Columbia |
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Saskatoon
Saskatchewan |
Regina
Saskatchewan |
Richmond
British Columbia |
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Oakville
Ontario |
Burlington
Ontario |
Richmond Hill
Ontario |
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Greater Sudbury
Ontario |
Sherbrooke
Quebec |
Saguenay
Quebec |
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Oshawa
Ontario |
St. Catharines
Ontario |
Lévis
Quebec |
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Barrie
Ontario |
Trois-Rivières
Quebec |
Abbotsford
British Columbia |
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Cambridge
Ontario |
Kingston
Ontario |
Guelph
Ontario |
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Coquitlam
British Columbia |
Whitby
Ontario |
Thunder Bay
Ontario |
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Saanich
British Columbia |
Chatham-Kent
Ontario |
Kelowna
British Columbia |
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Cape Breton
Nova Scotia |
St. John's
Newfoundland and Labrador |
Waterloo
Ontario |
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Delta
British Columbia |
Terrebonne
Quebec |
Langley
British Columbia |
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Brantford
Ontario |
Ajax
Ontario |
Pickering
Ontario |
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Saint-Jean-sur-Richelieu
Quebec |
Red Deer
Alberta |
North Vancouver
British Columbia |
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Strathcona
Alberta |
Niagara Falls
Ontario |
Kamloops
British Columbia |
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Nanaimo
British Columbia |
Victoria
British Columbia |
Clarington
Ontario |
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Repentigny
Quebec |
Sault Ste. Marie
Ontario |
Peterborough
Ontario |
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Lethbridge
Alberta |
Kawartha Lakes
Ontario |
Newmarket
Ontario |
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Sarnia
Ontario |
Brossard
Quebec |
Prince George
British Columbia |
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Chilliwack
British Columbia |
Maple Ridge
British Columbia |
Saint John
New Brunswick |
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Drummondville
Quebec |
Moncton
New Brunswick |
Saint-Jérôme
Quebec |
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Norfolk County
Ontario |
New Westminster
British Columbia |
St. Albert
Alberta |
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Caledon
Ontario |
Medicine Hat
Alberta |
Halton Hills
Ontario |
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North Bay
Ontario |
Milton
Ontario |
Port Coquitlam
British Columbia |
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Shawinigan
Quebec |
Saint-Hyacinthe
Quebec |
Wood Buffalo
Alberta |
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Fredericton
New Brunswick |
Welland
Ontario |
Dollard-des-Ormeaux
Quebec |
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Belleville
Ontario |
Granby
Quebec |
Aurora
Ontario |
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Grande Prairie
Alberta |
Blainville
Quebec |
Cornwall
Ontario |
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Sick of bad credit? Tired of collections?
Trying to avoid Bankruptcy?
Let our credit experts’ help you clean your credit and settle your debts!
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Our experts know credit and they know your rights.
Our credit lab is made up of specialists from the credit, finance, collection,
and litigation industries.
We even hire Ex-Employees of Equifax!
We are on your side!
We are here to help you get the credit you deserve and assist you with all of your credit report issues, repairs and mistakes.
our goal is to leave you with truly usable credit
Have us help you dispute your bad credit and settle your debts today!
Call Now Toll Free1 - (866) 530 - 3646
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Montreal credit repair,
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Victoria credit repair,
Kamloops credit repair,
PEI credit repair,
Halifax credit repair,
New Brunswick credit repair,
Nova Scotia credit repair,
Newfoundland credit repair.
Credit Repair – Debt Settlement – Identity Theft Restoration – Credit Monitoring – Debt Analysis – Bankruptcy Avoidance
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