CapitalOne secured credit card canada
www.cma1.ca CapitalOne secured credit card canada www.canadian-money-advisor.ca www.canadian-money-advisor.ca Alot of people ask me about how to improve their credit rating on the Canadian-Money-Advisor website They’re applying for a car loan, credit card, or mortgage and they have “bad credit” or even “new credit”. Let’s talk about this for a moment NEW CREDIT New credit means that you’ve never had credit that’s reported to the Equifax and/or TransUnion credit bureaus before. This could be because you’re a student, just turned 18, or perhaps you’ve newly immigrated to Canada. BAD CREDIT Bad credit means that you’ve missed a few payments on a credit card, loan or car payment… or maybe even had some dealings with a collection agency The Capital One secured credit card can help you get started with a new and improved credit rating Before I continue, let me give you a little information about what a security deposit is: A security deposit is just that… it gives the creditor security against your loan, and… the amount required will be based on your current credit rating. By giving CapitalOne a security deposit of as little as $75, you have guaranteed acceptance with their secured credit card. This will give you a credit line of up to $750… credit lines of up to $1500 are available based on your credit rating, and higher security deposit. This means within a very short period of time, your new credit card will start to report to equifax and transunion and start to …
