Quote:
Originally Posted by BradM
Stuart: My Canadian Credit is absolutely destroyed. At 17. Yes before I could legally get a loan. My parents leased a car for me and I lost a job so the bank put on MY SIN that I was a shitty person to lend money to. Since then I haven't been able to get even a cell phone.
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I was there myself. Couldn't get a cell phone either.
I was however approved for a Capitol One credit rebuilder card. $500 limit to start. Very high interest rate.
But it was so very easy to rack it up, carry it over the 1st, pay it off. Rack it up, carry it over, pay it off.
That alone really helped rebuild my credit. Before that one card, I couldn't get approved for anything. Not a single thing.
Took a while, mostly because I didn't really pay that much attention to it. I thought I'd never dig myself outta that whole.
If I had paid closer attention and gotten credit as it came back to me, it would have rebuilt faster (so long as I kept up the payments).