How these 4 Canadians improved their credit will inspire you to take control of your finances
You just need that one "yes" to get started.
Max and friends relax outside his RV.
Credit is one of those important things in adulthood that can catch you off guard — especially when you’re looking to achieve your goals, however small or big they may be. But the good news is that building your credit is possible no matter where you’re at in your journey.
It all begins with that one "yes" to credit, and that’s where Capital One Canada comes in. They’re here to help Canadians feel empowered and in control of their finances by providing access, tools and products that help build their credit and reach their financial goals, knowing that one "yes" can help Canadians on their way to other opportunities – or more "yesses" – ahead.
Here are four stories about how one simple "yes" from Capital One Canada can make all the difference.
The road again to financial freedom: Max
When Max's health issues left him unable to work full-time, he stressed over the impact it would have on his credit and his goal of renovating his RV in order to travel across Canada.
Thankfully, his mind was put at ease when he learned that with Quick Check® from Capital One he could be pre-approved for a credit card without impacting his credit score. Thanks to the credit he got, he's now busy making his road-tripping dreams come true.
Refocusing on the future: Jody
Newly single and with kids (including a newborn) to look after, Jody faced a challenging situation. But it was the "yes" to credit that she got from Capital One that helped her move forward.
Jody started her journey with credit that she admits "looked horrible," but today she's proud to be debt free. She's established responsible financial habits, grown her credit, and been able to enroll her kids in programs and activities they love.
It's an experience that has shown her that there's still hope and a future, no matter how hard things get.
From mismanaging credit to mastering personal finance: Sharee
Previously, Sharee simply didn’t have a handle on her credit, charging her credit cards with everything from tuition to travel without making timely payments until it became clear that she had to refocus on rebuilding her credit.
Knowing she had that pre-approved "yes" before applying for a credit card with Quick Check® from Capital One helped Sharee reach her financial goals one step at a time by learning responsible credit habits.
First order of business: Prioritize paying down her balance on time to improve her financial standing and credit. This helped her eventually qualify for a car loan, an achievement that's made a massive difference to her independence.
From bankruptcy to homeownership: Bill
Like many young Canadians, Bill didn't know much about credit and hadn't paid much attention to it. After suffering a severe leg injury and losing his job shortly after, Bill's debt quickly increased, and he filed for bankruptcy.
With the help of Capital One, who gave him the "yes" he needed to rebuild his credit and get back on track. He has now bought a home with his wife — something that felt impossible just a few years ago.
If you don’t want to be defined solely by your credit score and are ready to say "yes" to taking control of your finances, know that Capital One understands that each individual is unique, with different lived experiences and goals and can help grow your credit, seize opportunities and achieve your financial goals.
Whatever life throws your way, don't forget that you’ve got this (and Capital One’s got you)!
To learn more about Capital One Canada and how they've provided credit to over 4 million Canadians, visit their website or follow them on Facebook or Instagram.
This content is for general informational purposes only and does not constitute financial, investment, legal, tax or accounting advice.