Ask the Expert 2013- 8 of12 Part Credit Tips Series As read in The Daily Gleaner Newspaper, Fredericton New Brunswick, Improving and Rebuilding your credit…

Q- Jim, How can I improve my credit score?   www.wheelsanddeals.ca

A…Credit Tips…8- If your credit score is not as high as you like, are you paying higher interest rates or worst you cannot obtain a car loan and need to get to work! Improve your credit score, always pay your bills on time, utility bills, phone, cable, electricity, etc. Pay at least the minimum amounts on your monthly statements and reduce credit cards and loans to 35% balances. Pay your debts on time. Do not go over your credit limits on credit lines and credit cards. Reduce number of credit applications (credit hits). Make sure you have a credit history, surprisingly bad credit is better than no credit..(next week Tip, on Building Credit History)

Organize Your Bills

Ask the Expert…Jim Gilbert

Ask the Expert…   mailto:gilbert@wheelsanddeals.ca

Ask the Expert 2013- 4 of12 Part Credit Tips Series As read in The Daily Gleaner Newspaper, Fredericton New Brunswick, Improving and Rebuilding your credit…Credit Tip 4

Q- Jim, what does a Credit score look like?      www.wheelsanddeals.ca

A…Credit Tips…4- In Canada there are two Credit reporting agencies. Trans Union and Equifax both use date based of your creditworthiness again based on 300 lowest to 900 highest (credit score). This shows how your credit ranks based on Canadian population by %(credit ranking). Then, where you fit in the lenders perspective (Very poor-Poor-Fair-Good-Very Good). Lenders decide if you can have a loan, amount of loan and interest rate with this info..(next week Tip, on what factors lower credit scores).

Ask the Expert…Jim Gilbert..

http://www.transunion.ca/          http://www.consumer.equifax.ca/home/

                       

Ask the Expert….mailto:gilbert@wheelsanddeals.ca

Ask the Expert 2013- 3 of12 Part Credit Tips Series As read in The Daily Gleaner Newspaper, Fredericton New Brunswick, Improving and Rebuilding your credit…

Q- Jim, what is a Credit Score?           www.WheelsandDeals.ca

A..Credit Tips…3- Influences on your Credit Score. Your credit score is a judgment of your financial health. It ranges from 300 low is bad  to 900 high. It is a mathematical formula based on your (good payment, missed payment history), (Collections or bankruptcy),(Outstanding debts and credit card limits),(Account history and number of recent inquires about your credit), (Type of credit you have and credit mix) these factors can affect you for up to 6 years.. ..(next week Tip, what does a credit score look like?)

Ask Jim a Question… Mailto:gilbert@wheelsanddeals.ca

Ask the Expert

Will Venator Sales and Finance Consultant
Where there is a Will there is a Way

mailto:will.Venator@wheelsanddeals.ca

Ask the Expert 2013- 2 of12 Part Credit Tips Series As read in The Daily Gleaner Newspaper, Fredericton New Brunswick, Improving and Rebuilding your credit…

Q- Jim, what is a Credit Report?

A…Credit Tips…2- How your credit history is described; Credit agencies rate you 1 to 9 (1 you pay your bills with in 30 days, 9 you never pay your bills). A letter also appears – “I” means you have Credit on Installment basis – “O” Open Credit, buy now pay later plans, line of credit, student loans – “R” Revolving Credit, credit cards, etc. Payment charts indicate # of times you paid your bills, 30, 60, 90 days after date due. ..(next week Tip, on Credit Score) .

mailto:gilbert@wheelsanddeals.ca                                                                                                                                 www.WheelsandDeals.ca

Ask the Expert

Ask the expert 2013-Part 1 of 12 Part Credit Tips Series As will be seen in The Daily Gleaner Newspaper Fredericton New Brunswick, Improving and Rebuilding your credit… Tip 1

 Q- Jim, how could I improve or rebuild my credit?

A..Credit Tips… 1- Understand your credit report; it is a snapshot lenders use to decide (What kind of Risk you are). It contains personnel info, credit card, loan, mortgage, line of credit, info on bank accounts & if any NSF cheques, public records such as bankruptcy, judgments, lawsuits, secured loans, collection information, fraud warnings and credit inquires of you ..(next week Tip, on Credit Reports)

Have question contact Jim at        mailto:gilbert@wheelsanddeals.ca                                                                                              www.WheelsandDeals.ca

http://frederictonusedcars.wordpress.com/2013/04/13/ask-the-expert-2013-12-part-credit-tips-series-as-will-be-seen-in-the-daily-gleaner-newspaper-fredericton-new-brunswick-improving-and-rebuilding-your-credit-tip-1

Ask the Expert: Corrosion Control Module...Sounds Sci-FI and available at Jim Gilbert's Fredericton Oromocto

Q: Jim, what is a Corrosion Control Module is it GREEN…

A: A Corrosion Control Module if installed on a vehicle inhibits rust from occurring by thwarting the chemical reaction to oxidation. Conventional chemicals are dirty and only cover from the windows down. This is a GREEN alternative that protects your entire vehicle from road to roof. Electronic Rust Protection combines strategically placed positively charged anodes to draw current away from exposed areas. Sounds Sci-Fi and impressive to me….Hugs Jim

www.pro-techseal.ca

Ask the Expert: Circle of life for a business, couminty involvement...

Ask the Used Car Expert Column, as read in the Fredericton Daily Gleaner Newspaper

Q: Jim,you are involved in helping and promoting our community, is that important for car dealers and businesses in general?

A: Beauty is in the eye of the beholder. Wheels and Deals feels community support and involvement is an integral part of what we are all about, and we try to do what we can within reason. We all have our own views on this, I call it the circle of life " support those who support you "