Honor Your Contracts and the Credit Bureau Will Love You More!
September 21 2022, L’ami Auto Credit
Do you have a difficult relationship with the credit bureau? Are you somehow trying to improve your credit rating, but not succeeding? The solution is very simple: obtain credit and honour your contracts.
We explain the importance of honouring your contracts and give you the keys to do so.
WHY HONOR YOUR CONTRACTS?
By definition, a contract is a commitment. This may seem trivial and even obvious, but many consumers tend to take various contracts lightly. Signatories are required by law to respect contracts such as:
• Loans
• Lines of credit
• Telephone bills
• Credit cards
• Various financing
Postponing a payment may not seem like a big deal, except for some added interest. However, it is your credit score that takes a hit! The key to improving your file is to honour your contracts.
HOW DO YOU HONOR YOUR CONTRACTS?
Despite all the goodwill in the world, it is impossible to settle payments when money is short. The key is to plan and set up a budget.
Before you sign a contract, read it carefully and ask yourself if you will be able to fulfill it. It is true that loans help you improve your file, but not if they pile up and remain unpaid!
When buying a new vehicle, L’Ami Auto Crédit can help you set up a realistic budget. By offering you a car loan contract that suits your ability to pay, we can also help you improve your credit file.
Thanks to customized solutions and contracts you can fulfill, we can get you back on track, and the credit bureau will love you more. Contact us or come visit us in Chicoutimi, La Malbaie, Baie-Comeau, Alma and Sept-Îles!
