CREDIT QUESTIONS AND CRITERIA

 CREDIT QUESTIONS

If you have any credit questions, or wish to receive a copy of your personal credit report or your business report, please feel free to contact the following agency for assistance.

Equifax Canada 1-877-227-8800


CREDIT CRITERIA

A CREDIT
    - Excellent credit with many lines of credit
    - No Bankruptcies
    - Low revolving debt
    - Few credit inquiries in last 12 months
    - No evidence of suits, liens, collections, or judgments
    - No foreclosures or repossessions
    - Excellent credit score
    - No slow pay activity on personal or business credit
    - Business should be established over 3 years with good credit

B CREDIT
    - Good overall credit with many lines of credit
    - No Bankruptcies
    - Lower revolving debt, under $25,000 and under 50% credit utilization
    - Few credit inquiries in last 12 months
    - No foreclosures or repossessions
    - Good credit score
    - No recent slow pay activity on personal or business credit
    - New businesses and Business over 2 years old with good business credit

 

C CREDIT

    - Bankruptcy on credit bureau or business over 3 years old
    - Evidence of a few recent slow pays to creditors
    - No foreclosures or repossessions
    - Revolving debt considered high, or high utilization of available credit
    - Explainable, high credit inquiries in last 12 months
    - Low credit score
    - Keep in mind that paying an extra $40.00 or so per month still means that you have all of the advantages of a lease.


D CREDIT
    - Bankruptcy less than 3 years old
    - History of slow pay to creditors since bankruptcy
    - History of suits, liens, judgments or collections
    - Foreclosure or repossession
    - High revolving debt on credit cards (without acceptable tax returns)
    - High credit inquiries in last 12 months
    - Unfortunately, we cannot lease to customers meeting this criteria without good collateral available.