Credit Repair Loans

See below a list of different credit repair loans and lending firms that offer people with bad or no credit the opportunity to establish their credit history and financial savings. Credit Repair Loans are custom-designed to help you strengthen your credit history through investing your loan in a secure Guaranteed Investment Certificate (GIC) which helps you to get a head start with your savings and earn you interest on your investment. Most Credit Repair Loans allow you to borrow set suitable amounts of funds to help jumpstart your savings as well as provide you with a meaningful amount of credit to help rebuild your history. If you have been refused a loan when applying through traditional methods and you need to establish your credit history, don't give up: compare the Credit Repair Loans market. Following approval Credit Repair Loans are usually provided within 24 business hours of applying.

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COMPANYTYPE

TYPE

Lender / Broker

APR

APR

The term annual percentage rate describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate

LOAN AMOUNT

LOAN AMOUNT

Amount you can borrow

FEES

FEES

Cost of Loan

MIN TERM

MIN TERM

Minimum borrowing period

MAX TERM

MAX TERM

Maximum borrowing period

TERMS

TERMS

Terms and conditions of loan

SUITABLE

SUITABLE

Applicants the loan is suitable for

RESTRICTIONS

RESTRICTIONS

Restrictions regarding potential borrowers

SECURED LOAN

SECURED LOAN

Loans secured with an asset

UNSECURED LOAN

UNSECURED LOAN

Loans which are not secured with an asset

CREDIT REBUILD

CREDIT REBUILD

Credit rebuild facility available

MORE INFO

Refresh Financial
Refresh Financial

Lender15.99%$78/$108/$126$1,200, $2,300, $3,200 and $5,5003 years5 yearsTerms

Terms

Weekly Payments Starting at Just $12

Suitable For

Suitable

- Undischarged Bankrupts - Discharged Bankrupts
- Individuals going through consumer proposal
- Individuals being declined for other loans due to bad credit
- New immigrants looking to establish credit in Canada
- Students looking to build up credit
- Individuals with no credit at all
- Individuals affected by identity theft

Restrictions

Restrictions

Canada only - excluding Quebec and Saskatchewan

YesNoCredit Rebuild

Credit Rebuild

Provides their borrowers with a savings loan for them to establish and maintain their credit through the successful repayment of their Lendit Loan.

Refresh Financial
Refresh Secured Savings Loans are specifically designed for those with bad credit. Whatever your credit past, a Refresh loan can help you rebuild credit allowing you to obtain future financing more easily and at competitive interest rates. A Secured Savings Loan from Refresh will not only help you rebuild your credit, but also help to build your financial savings as you progress through the loan term. Refresh services those individuals with no or little credit history, typically from financial distress such as bankruptcy or consumer proposal. Fill out a free and secure application today and experience the Refresh difference! DETAIL INFORMATION >>Services

Services

Loan / Credit Rebuilding Services


Advantages

Advantages

1.Affordable payments starting at as little as $12 per week.
2. Almost all applicants are approved.
3. No up-front out of pocket expense. Rebuild your credit after insolvency, or financial hardship.
4. Reports to the credit bureau (versus a payday loan that doesnít report and therefore rebuild credit history).
5. Build up automatic savings to reach your financial goals as you progress through the loan.
6. Access cash during the loan term (without affecting your interest rate or payment amount) for emergency expenses, paying off debts, or going on a vacation


Disadvantages

Disadvantages

1. Not an upfront cash loan.

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Compare Credit Repair Loans

Credit Repair Loans can help people establish a good credit score whether you currently have bad, little or no credit history.

The importance of your credit score

A good credit score is very valuable and everyone has one. Credit scores will be used by lenders to assess how reliable you are to lend money to. In general you will find that the better your credit score the better loan and credit card conditions you will be offered. Those with a good credit rating will be offered more money and lower interest rates. Unfortunately if you have anything less than a perfect credit score you will struggle to get the best deals and the products that you want.

What is a Credit Repair Loan?

Credit Repair Loans can help people establish a good credit score whether you currently have bad, little or no credit history. These loans can help you strengthen your credit score through investing your loan in a secure Guaranteed Investment Certificate (GIC) which helps you to get a head start with your savings and earn you interest on your investment. Most credit repair loans allow you to borrow set suitable amounts of funds which provide you with a meaningful amount of credit to help rebuild your history.

As you make your monthly repayments and build up equity in your loan savings account, you receive access to your cash during your loan term. The funds can be used for anything you wish, such as an emergency fund to pay bills or consolidate credit card debt.

What are the benefits?

You will work towards strengthening your credit score with a credit repair loan. This will stand in your favour when applying for financial products in the future and means you are more likely to be offered better terms and conditions.

Finding the best Credit Repair Loan

As with any financial product it is important that you take the time to research the market. By weighing up the pros and cons of different loans you will be able to find the one most suited to you. You can use the table above to easily compare different credit repair loans?

Before you apply make sure you understand the risks involved and that you are able to adhere to the loan agreement. It is important that you read the terms and conditions fully and donít be afraid to ask any questions you may have.

Important questions to ask about credit repair loans

When researching what is the best credit repair loan provider for you, you must ensure that you do your research properly. What is suitable for your friends and family might not be suitable for you. Questions you should ask yourself include; how much would you like to borrow? How long would you like to borrow for? Have I got bad credit rating? What do I need the loan for? Am I able to make the monthly repayments? Before you commit to any loan, you must ensure that you are able to make the monthly repayments; otherwise you could find yourself in some financial trouble.

Credit Repair Loans News Charts News and Charts

Got Bad Credit? Donít Despair!

01 August 2011
Which Way to Pay

Bad credit can feel like the end of the world if you need a loan, but canít get the credit, or even if you want to buy a house and canít get approved for a mortgage. There are financial products out there that can help! Whether itís a credit repair loan, or a bad credit loan, or a payday loan, you can now get the loan you need.

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