It is very common to find a collection on your client's credit bureau. Find out the best ways to help your client deal with issues, so you can get them approved for best rate mortgage financing as quickly as possible.

Resources:

Video for your clients to help them better understand how to deal with collections - https://youtu.be/WR433BZk538
How to build your business with past Bankruptcies and Consumer Proposals - https://www.facebook.com/groups/731868324863099/posts/924611988922064
Youtube playlist of debt programs - https://www.youtube.com/playlist?list=PLPRlFaBC4efSk91NoqR13DkaUwD-twMf
The importance of reviewing both Equifax and TransUnion with Jamie Ushko - https://www.facebook.com/groups/731868324863099/posts/788487322534532/
Garnishing Wages Definition - https://creditgame.net/wp-content/uploads/2023/02/Garnished-Wages-Definition.png
Statute of limitation map - https://creditgame.net/wp-content/uploads/2022/10/Satute-of-Limitation.png
How long does a collection stay on the report - https://creditgame.net/wp-content/uploads/2023/02/Collection-on-report-timeframe.png
How to save thousands by negotiating - https://youtu.be/jUi7LMKAAFk

Ashley Pillay contact info
PH: 647-667-0351
EMAIL: [email protected]

Links to get your client's credit report:

FREE EQUIFAX REPORT:
How to navigate the process - https://www.youtube.com/watch?v=gwmGM1iUgZA
Direct link - https://www.consumer.equifax.ca/.../credit-score-report/
Mail in Request form (They no longer accept faxed in copies) - https://assets.equifax.com/.../creditReportRequestForm.pdf

PAID EQUIFAX REPORT:
How to navigate the process - https://www.youtube.com/watch?v=SguRJpNBcQc
Directlink - https://my.equifax.ca/consumer-registration/?lang=en

FREE EQUIFAX REPORT THROUGH BORROWELL:
How to navigate the process - https://www.youtube.com/watch?v=DSMRjVhKHCM
Direct link - https://borrowell.com/

FREE TRANSUNION REPORT:
How to navigate the process - https://www.youtube.com/watch?v=Foh30VFVSOk
Direct link - https://secure-ocs.transunion.ca/secureocs/home.html
Mail in Request form – (I don’t suggest faxing it) https://www.transunion.ca/.../Consumer_Disclosure_Request...

PAID TRANSUNION REPORT:
How to navigate the process - https://www.youtube.com/watch?v=i8yTdUq-aZE
Direct link - https://members.transunion.ca/tucan_en/orderStep1_form.page?offer=CANTUM10070&CID=TRANSUNION:HPB

FREE TRANSUNION REPORT THROUGH CREDIT KARMA:
How to navigate the process - https://www.youtube.com/watch?v=XS-gtbms7pU
Direct link - https://www.creditkarma.ca/

Even if you don't speak a second language, those who are New-to-Canada are amazing referrers and need your help. Newcomers generally are hard working, have savings, and want to buy a house; they just need help building their credit and getting a high score. In this episode, Gagan Luna go through some New-to-Canada tips and the best way to improve your clients credit.

Resources:

Conversation for your clients - Credit 101 - https://youtu.be/Ki9KZs7YXuI
CIbil - https://www.cibil.com/
Best Secured Credit Card - https://creditgame.net/free-resources/secured-credit-cards/
The freaky truth about how closing a credit card can lower your score - https://youtu.be/nBA73yYY1EI
How to get an International Credit Report for your clients- https://www.linkedin.com/feed/update/urn:li:activity:7029549321276506112
The proper way to use a credit card - https://youtu.be/BXjW2P0ASBs
How to use a Credit Card - PDF https://creditgame.net/wp-content/uploads/2022/12/Credit-Cards-With-Tag-Blue.png

Do you have a client that has been through a debt program before or just has bad credit? In this episode, I go through different types of credit prodcuts and what you need to know before you recommend it to your clients trying to rebuild their credit.

Resources:
Same topic just for your clients - https://youtu.be/Y6OJoQPia28 

The Underwriter's check list (The 2,2,2 rule) - https://www.facebook.com/groups/731868324863099/posts/915411879842075/   

5 reason you don't want to get a loan to rebuild your credit - https://www.youtube.com/watch?v=WglSrnoKZOU&t=1s

Individual Credit Product Reviews:

Other Reviews:

Can Rent Build your Credit in Canada? - https://youtu.be/lgwX7getc7U  
KOHO Credit Rebuilding Line of Credit - https://youtu.be/VJXOLU9y2kY

Credit Rebuilding Loans in Canada:

Refresh Financial Credit Rebuilder Loan Review - https://youtu.be/tQUDQJKch6A
Spring Financial -The Foundation loan Review 2023 - https://youtu.be/nvX6-d3EW9M
Borrowell Credit Builder Review – https://youtu.be/r8xXpVryRfw
RSP Loans –https://youtu.be/YxRsdm5CeqI
Payday Loans – https://youtu.be/4VsW7Rs7WXM
Paybright reviews - Basically the same as Payday loans
Sezzle Review Canada - Basically the same as Payday loans

Credit Rebuilding Credit Cards in Canada:

Major Bank Secured Credit cards - https://youtu.be/p7etRSGssT4
Neo Credit Card Review Canada – https://youtu.be/dUL8_1uUt6A
Home Trust Secured Credit Card Review - https://youtu.be/hsarbSwRCbo
Plastik Secured Credit Card Reviews - https://youtu.be/CzvUuCZArko
Peoples Trust (No longer available)
Refresh Financial Credit Card Review - (No longer available)
KOHO Credit Card Canada - https://youtu.be/2eHcflE8AGI
Capital One Guaranteed Mastercard Card - https://youtu.be/rP22dfzAEjo  

As a mortgage broker, you are forced to know a little about a lot of different industries. If you have a client that has been through a bankruptcy or consumer proposal, mortgage lenders require specific supporting documents. Today we have a special guest, Doug Hoyes - licensed Trustee, to help me explain what the underwriters require. We also cover, how to confirm if there was a foreclosure (what I call the Credit "F" Word) in your client's consumer proposal or bankruptcy.

Resources:

Resource to pass on to your client, so they can avoid doing the worst thing to their credit! https://youtu.be/WglSrnoKZOU 

Common Errors after a Bankruptcy - https://www.facebook.com/groups/731868324863099/posts/798611698188761/ 

Which debt program is better for your Credit in Canada https://youtu.be/q70E531ldqw 

Number to get your Bankruptcy or Consumer Proposal Documents - 1-877-376-9902 (client leaves a message and documents get sent out within a couple business days)

List of Insolvency forms and what they are - https://ised-isde.canada.ca/site/office-superintendent-bankruptcy/en/licensed-insolvency-trustees/forms/forms  

OSB Website - https://ised-isde.canada.ca/site/office-superintendent-bankruptcy/en/licensed-insolvency-trustees/forms/forms 

Insolvency Terminology that is good to know:

Debtors vs Clients - https://www.facebook.com/groups/731868324863099/posts/940883250628271

What is a LIT? - https://www.facebook.com/groups/731868324863099/posts/940990333950896/

What is a Trustee? https://www.facebook.com/groups/731868324863099/posts/941005557282707/ 

What is a debt consultant? https://www.facebook.com/groups/731868324863099/posts/940975210619075/

Who is the OSB? https://www.facebook.com/groups/731868324863099/posts/941006927282570/

What is an OPD? - https://youtu.be/MSK-fdILCPw 

Your clients might be obsessed with their three-digit number, but the underwriter is looking for more than just a high score. Find out what your underwriter considers Good Credit as we discuss established credit with Jill Mollering. We also review what I consider, the "ULTIMATE" type of credit!

Resources:

Which type of Credit accounts are best for your Credit - https://creditgame.net/free-resources/secured-credit-cards/

The difference between Secured Credit and Prepaid Credit - https://creditgame.net/free-resources/secured-credit-cards/

Jill Moellering's underwriters course - https://www.jillmoelleringmortgages.com/mortgagenerd

What every Brokers needs to know about Debt Programs!Many Canadians have been through a debt program and are now looking for mortgage financing. In this video, I outline what every broker needs to know to get more business and help your clients.

Resource Links:

How to Save thousands when Negotiating Collections: https://youtu.be/jUi7LMKAAFk 

What your client needs to know before entering a debt program: https://youtu.be/q70E531ldqw 

Pros and Cons of:

Bankruptcy- https://youtu.be/cvP1rDpt9ew
Consumer Proposal - https://youtu.be/3AI43NFT-U0
Orderly Payment of Debt (OPD) - https://youtu.be/MSK-fdILCPw
Credit Counseling - https://youtu.be/8MQccYhl9U4
Debt Settlement - https://youtu.be/jHrNzW9NcjQ Consolidation Loan - https://youtu.be/0Uy_ZzozgUY

Gambling can be fun, but not when it comes to your credit. In this episode, I dicuss with Jason Ferguson what is important to know about Joint Credit. Find out how to use this information to educate your clients and build your business!

Resource Links

Video to help explain to your clients the risks of Joint credit - https://youtu.be/G4gduk4VwKA 

What is a Spousal Buyout? -https://www.facebook.com/groups/731868324863099/posts/894337855282811/ 

What is PiggyBack Credit? -https://www.facebook.com/groups/731868324863099/posts/894001558649774/ 

Joint Credit Risks image - https://creditgame.net/wp-content/uploads/2022/11/Joint-Credit-Risks.png 

Credit Self-Defence is essential, especially because Fraud is the number one growing crime in Canada. There are lots of tips and tricks to help your clients avoid the issue, but we also go through what you need to know when fraud happens to you, or your clients.

Video to help explain to your clients: What to do (Step-by-Step) if they have been a victim of fraud: https://youtu.be/VILpW20W2BA

Video to help explain to your clients: How to proctect themselves with Credit Self-Defecnce: https://www.facebook.com/TheCreditGameCanada/posts/869504554438514

Resource Links

What your client should know before going to a police station: https://creditgame.net/uncategorized/police-station-fraud-101/

How to report Fraud: https://www.antifraudcentre-centreantifraude.ca/report-signalez-eng.htm

Consumer Dispute links:

Equifax - https://www.consumer.equifax.ca/personal/dispute-credit-report/

TransUnion - https://www.transunion.ca/assistance/credit-report-disputes

How to get your credit report:

Youtube Playlist with all the videos - https://www.youtube.com/playlist?list=PLPRlFaBC4efTkhgiYnljHJHtQJlksuN3p

FREE EQUIFAX REPORT:

How to navigate the process - https://www.youtube.com/watch?v=gwmGM1iUgZA

Direct link - https://www.consumer.equifax.ca/personal/products/credit-score-report/

Mail in Request form – They no longer accept faxed in copies - https://assets.equifax.com/assets/canada/english/creditReportRequestForm.pdf

PAID EQUIFAX REPORT:

How to navigate the process - https://www.youtube.com/watch?v=SguRJpNBcQc

Direct link - https://www.consumer.equifax.ca/personal/

FREE EQUIFAX REPORT THROUGH BORROWELL:

How to navigate the process - https://www.youtube.com/watch?v=DSMRjVhKHCM

Direct link - https://borrowell.com/

FREE TRANSUNION REPORT:

How to navigate the process - https://www.youtube.com/watch?v=Foh30VFVSOk

Direct link - https://secure-ocs.transunion.ca/secureocs/home.html

Mail in Request form – I don’t suggest faxing it https://www.transunion.ca/content/dam/transunion/ca/consumer/documents/Consumer_Disclosure_Request_Form_en.pdf

PAID TRANSUNION REPORT:

How to navigate the process - https://www.youtube.com/watch?v=i8yTdUq-aZE

Direct link - https://members.transunion.ca/tucan_en/orderStep1_form.page?offer=CANTUM10070&CID=TRANSUNION:HPB

FREE TRANSUNION REPORT THROUGH CREDIT KARMA:

How to navigate the process - https://www.youtube.com/watch?v=XS-gtbms7pU

Direct link - https://www.creditkarma.ca/ 

It is very common for certain types of credit to have what is called a Spilt file. Multiple credit files for the same client, that can keep you from getting them approved. Lisa Last and I outline how to Spot a Split File before the underwriter sees it and save the Mortgage.

Resource Section:

Image that outlines how you can tell which province your client received the SIN number - https://tinyurl.com/2cxm63fu  

More information on common errors after a Bankruptcy or Consumer Proposal - https://tinyurl.com/yxxtksyk 

Do you need a fast jump your clients credit score? Porcia Boateng and I go through one of the best ways to increase your the Equifax and TransUnion score quickly and properly. Find out what Porcia calls a "Credit Super Power!" It will help you save some deals and impress your clients!   Resource Section: