Credit Issues

If a poor credit score is stopping you from getting loans, mortgages, or credit cards, you need a plan to build it back up and repair it.

Why Your Credit Score Matters

Your credit score is important and is directly tied to how easily you can access cash. One of the requirements to obtain a mortgage with a competitive interest rate is a strong credit score and history. The problem with this is that everyone faces challenges now and then where credit can take a hit.

Unfortunately, banks are not very understanding to this and are quick to decline someone who doesn’t meet their financial criteria, even if there are legitimate reasons for a temporary issue.

How We Help Resolve Your Credit Issues

To get back on track, we need to address the issues that caused your score to drop. The solution may be as simple as getting organized so that you can keep track of when bills are due and ensure that they are paid on time.

In more serious situations involving collections or judgments, it may be wise to consider restructuring your debt to wrap it up into one payment. While banks will likely not help with this if things have fallen behind, a feasible option you may consider private financing.

While it doesn’t take much for a credit score to drop, the good news is that the opposite is also true; credit scores can rise very quickly once things are back on track. Settling old collections, making payments on time, and no exceeding the limit of a credit card can go a long way in boosting things.

Repairing Credit Options

The option of adding a second mortgage to consolidate the debt will allow you to focus on rebuilding credit so that you will be in a better position to merge the two mortgages together down the road. And since interest rates on credit cards can range between 25 to 30% if you’ve had late payments, you may end up saving some interest by consolidating into a lower rate second mortgage.

The Graeme Moss Solution

If you think you need help getting your credit back on track, get in touch and we will be happy to review your position. From there, we can see where things stand and what can be done to get you and your credit in a better spot.

Contact us today for a free, confidential review of your situation. We are here to help.

People we’ve helped.

  • I first met Graeme over the phone when we were living in Hamilton and finding it difficult to make our payments. He was so helpful and we knew he genuinely wanted for us to be successful. Ever since, we have gone to him when purchasing a new home or refinancing because we trust him and we know he cares. He always goes above and beyond to help us when we need it. We went from struggling to make payments to living in our dream home in a few short years.  I truly believe that it is because of his knowledge and passion for helping people build their futures that we are where we are today. Thank you, Graeme!!

    M. V. Hamilton, ON
  • Thank you Graeme, for everything you did to help us with our mortgage, for your patience with my questions and professionalism. We truly appreciate yours and Deborah’s efforts on our behalf.  We’ll be sure to recommend you to anyone we know who needs help like we did. Thanks so much for everything.

    J. M. Hamilton ON
  • Graeme Moss has provided stellar customer service and was a key player in ensuring due diligence. It was both a pleasure & very professional dealing with Graeme when I turned to Fair Mortgage Solutions seeking an interim solution.  He, once again was very accurate in advising me, he is not a lawyer. What prompted me to negotiate the legal fees was associated to why this crucial “matter” between legal departments was not finalized in 2017.  Moving forward, Graeme’s diligence directed me immediately to the right department. Your department honoured negotiating and we established completion of the task at hand, the Discharge of the MTG. Thank you!

    K. W. Burlington, ON
  • We refer clients to Graeme who are either having serious financial issues, or are recovering from a bankruptcy or proposal filing. They are challenging situations. I can count on Graeme to treat people with compassion and respect. I trust that if there is a mortgage solution to be found, Graeme will make it happen. He truly cares about people and helps them to succeed.

    Christine Zuk President, Vine and Williams Inc.
  • You and your team are awesome. You truly care and you saved my life. Thank you.

  • This is great. We were so worried. Hearing how others helped who were in a similar situation. This is a godsend. We appreciate the roadmap. Glad it is within 3 days. The advice free, can’t go wrong.

    H.H Mississauga
  • My wife and I were stunned at the speed you got this done. The fee was very low. We are thrilled. Thank you for your help!

    D.H. St. Catharines
  • You guys are friggin awesome! We feel so happy. Thank you so much.

    S.R. Oshawa
  • You have been a godsend. An absolute godsend. I can finally sleep at night. My children thank you. We have 6 options instead of being forced what to do.

    L.E. Mississauga
  • I'm a first time home buyer and had a very positive experience working with Graeme Moss, he gave good advice and made the process very easy.