Credence Financial Services - microloans

By: Credence Financial Services  09-12-2011
Keywords: Financial Services, Credit Bureau, Build Wealth

Credence Financial Services provides products and services specifically designed to help you build wealth while reporting your payment history to the credit bureau.

Our Micro Loans are an important step in building wealth and the re-establishment of an individual's credit rating. This financial product is relatively new to Canada and one of the many valuable products offered through Credence Financial Services.

Micro Loans are small consumer loans that are used to purchase GIC's (Guaranteed Investment Certificates) held with a financial institution. Once the loan is approved the GIC is established in the borrowers name and loan payments are made up to 3 years. As the loan payments are made the payment history is reported on their credit bureau.

Successfully completing a Micro Loan allows the consumer to qualify for larger loans and demonstrates the commitment for the consumer to honour their debts. The lending criteria for Micro Loans are low enough that most consumers will qualify. The Micro Loans offered range from $1,500 to $2,500* depending on the credit worthiness at the time of the application.

The information in this article was current at 06 Dec 2011

Keywords: Build Wealth, Credit Bureau, Financial Services, Loans Offered

Contact Credence Financial Services

Email - none provided

Print this page

Other products and services from Credence Financial Services

09-12-2011

Credence Financial Services - lumpsum

As part of a restructuring process Settlement Loans offered as one time payouts on Consumer Proposals are highly effective when debtors are required to make a settlement with their creditors. Credence Financial Services provides products and services specifically designed to help you build wealth while reporting your payment history to the credit bureau.


09-12-2011

Credence Financial Services - securedcreditcards

If the credit card holder defaults on the credit card then the credit card issuer has the right to cancel the credit card, cash the deposit, and pay any outstanding balances before refunding the difference. Credence Financial Services provides products and services specifically designed to help you build wealth while reporting your payment history to the credit bureau.


09-12-2011

Credence Financial Services - rrsploans

Once this loan is approved the funds are transferred to our partnering brokerage firm where the accounts are setup and you and your new investment broker determine the best investment opportunities. Credence Financial Services provides products and services specifically designed to help you build wealth while reporting your payment history to the credit bureau.


09-12-2011

Credence Financial Services - products

If you currently have a poor credit history or worse, debts still in collection, it is a hard process to get the credit you need to re-establish yourself and start building a positive credit history to show financial responsibility. Credence offers a range of products that assist you through the rebuilding process whether you are going through or coming out of a debt restructuring plan, a Consumer Proposal or a Bankruptcy.


09-12-2011

Credence Financial Services - proposalinsurance

Credence Financial Services provides products and services specifically designed to help you build wealth while reporting your payment history to the credit bureau. Proposal Insurance is exclusively offered through Credence providing insurance protection for debtors who are currently in a Consumer Proposal with a Trustee. Proposal Insurance protects you if you miss payments while in a Consumer Proposal by making the payments for you.