"What is a credit score and the effects of bad credit"
For each check, credit bureaus like Equifax or Transunion in Quebec and in Canada will etablish a score for your record. This means bureaus will decide of a score depending on your ability to borrow money. Usually, we consider a bad credit when the score is lower than 560. Being a riskier applicant can lead to high interests rates on your credit cards and loans or even a refusal with financial institutions, employers and landlords. With Creditmatik, you can borrow even if you have a low credit score!
We understand that some times might be harder and can have effects on your personnal finances. We're here to help put you back on track. You will be accepted based on your reimbursement ability, with realistic and reachable standards.