Six ways to improve your credit score

Having bad credit can seriously limit your opportunities; here's what you can do about it.

Ashley Redmond 24 October, 2014 | 6:00PM
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Bad credit reminds me of the flu. It's constantly showing up uninvited during inopportune times like the holiday season, and it zaps your energy, leaving you lethargic and unable to tackle tasks. Unfortunately, both possess the damaging ability to take over your life until you get rid of them.

Unlike the flu, bad credit doesn't just show up occasionally, and it's not something you have to tolerate for just a few days; it's around all year long, affecting almost every facet of your life. For example, if you have bad credit you can't buy a house because banks won't give you a mortgage; you can't buy a vehicle because you won't be able to secure a car loan; and you can't get a cell phone contract because no company will deal with you.

"If bad credit is not taken care of, it does have a detrimental impact on a person's life," says Melissa Jarman, director of student banking at RBC. "But there is good news because with the correct steps, improving a credit score is fairly simple."

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Ashley Redmond

Ashley Redmond  Ashley Redmond is a Vancouver-based freelance writer.

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