Canadian Credit Cards For Bad Credit

I received a credit card when I was 18 and went buck wild. I am now 24 and it cost for the 3rd time (and get rid of the damned thing). I also had some debt collectors come after me for stupid things (library fines), as well as being in arrears twice with that credit card.

Is what I can do to solve this problem?? How long will it take to repair my credit?

I guess it would be the same way in all countries .. United States that you disagree does not belong and pay your debts ...

First, make sure all the information on your credit report is accurate.

Second, try to pay all or part of the accounts that are currently in collections or payment arrangements with creditors to repay the monthly balance.

Third, any credit card that is over 50% of the available line of credit must be repaid at least half of your total credit line. Your credit score is reduced when your available balance is greater than 50% of your total credit limit.

Finally, if you have bad or no credit and have no credit cards try to obtain two credit cards and make sure all your monthly payments are made on time. This will help increase your credit score. If you can not be approved for an unsecured credit card, get a secured credit card.

Repairing your credit and improve your credit score is a slow process that takes time.

Fixing credit is the same everywhere ...

Pay what you need as fast as you can
When you are debt free, establish credit by obtaining a credit card and when you have money in the bank to cover the bills, buy something with your credit card, then pay immediately . Over time your credit and credit limit increase, and your credit score will improve.

But never pay late, never pay the minimum balance, never buy on credit, so you do not have money on hand to pay the bill.

Bad credit rating of Canada requires a dance of snow and hockey sticks to fix ...