Denied credit when you need it most? Learn why creditors reject credit and loan applications and what steps you can take next. This guide covers real solutions to dealing with emergency credit denial, from avoiding payday loan traps to protecting yourself financially in tough times.
Doug and Ted also recommend using the links below to access your free credit reports, a right for all Canadians! You do not need to pay for your credit score, and finding the free report option on these websites can sometimes be tricky:
Link to access your FREE Equifax Credit Report
Link to access your FREE TransUnion Report
Sign Up for the Debt Free Digest
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(00:00) - Why You May Be Denied Credit
(02:35) – What Is and Is Not on Your Credit Report
(05:30) – Why Banks Prefer Lending Large Amounts
(07:00) – How Lending Criteria Differs Between Lenders
(08:00) – Why People Are Relying on Credit in Emergencies
(10:00) – What to Do Before Considering a Payday Loan
(13:00) – The Payday Loan Cycle: Why It’s Hard to Escape
(15:00) – Credit-Building Tips to Improve Your Chances
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