Credit Repair

We can help you fix your credit


Many credit card holders are unaware of the optimal ways to utilize their cards to enhance their FICO or credit scores and increase their borrowing capacity. When lenders encounter a borrower with an impressive credit score, their enthusiasm is palpable—it’s as if they want to embrace you and offer unlimited funds, even when you may not require them.

Have you ever received an unsolicited credit card in the mail? It’s a common occurrence. These unexpected cards arrive, uninvited, like an overeager guest at a party you didn’t host.

In essence, strategic credit card usage can significantly boost your credit rating in a remarkably short period. This positive credit history enables you to secure the most favorable interest rates when borrowing for business ventures or purchasing a home. Remember, responsible credit management is akin to planting seeds for a fruitful financial future.


Improving your credit score involves several key strategies. Here are some steps you can take:

  1. Monitor Your Payment History:
    • Always make payments on time.
    • If you can’t pay the full amount, at least make the minimum payment.
    • Contact your lender immediately if you anticipate difficulty paying a bill.
    • Even if a bill is in dispute, avoid skipping payments.
  2. Use Credit Wisely:
    • Stay within your credit limit. Going over the authorized limit can lower your credit score.
    • Aim to use less than 30% of your available credit each month.
    • Having a higher credit limit and using less of it is beneficial.
      • For instance, if you have a $5,000 credit card limit and typically borrow around $1,000, your credit usage rate would be 20%.
  3. Improve Your Credit History:
    • The longer you keep a credit account open and active, the better it is for your score.
    • Transferring an older account to a new one may impact your credit score.
      • Some credit card offers with low introductory interest rates for balance transfers result in the new card being considered as new credit.
    • Consider keeping older accounts open, even if you don’t use them frequently.
  4. Limit Credit Applications or Checks:
    • Credit inquiries (credit checks) affect your credit score.
    • Apply for credit selectively.
    • When shopping for a car loan or mortgage, get quotes from different lenders within a 2-week period.
      • Credit bureaus treat these inquiries as a single inquiry for your credit score.
  5. Diversify Your Credit:
    • Having only one type of credit product (e.g., just a credit card) may lower your score.
    • Aim for a mix of different credit types:
      • Credit cards
      • Car loans
      • Lines of credit

Remember, responsible credit management is like planting seeds for a fruitful financial future.



Once the dust settles and you’ve navigated through debt negotiation, consumer proposals, or bankruptcy, there’s a crucial next step: rebuilding your credit. This process is essential if you plan to borrow again—whether it’s to kickstart a business venture or purchase a home.

Lifeline Financial’s experts are here to guide you through this journey. With their assistance, you can take the necessary steps to improve your creditworthiness and set yourself up for future financial success. Remember, rebuilding credit is like planting seeds for a brighter tomorrow.

Contact Us

PHONE: 416-398-1877

Hours Of Operation
Monday – Friday: 9 AM – 7 PM
Saturday: By Appointment
Sunday: Closed


415 Oakdale Road
Suite 208
Toronto, ON M3N 1W7


Mon - Fri: 9 AM - 7 PM
Sat: By Appointment
Sun: Closed