[VIDEO] Building credit during economic uncertainty | Refresh Financial

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[VIDEO] Building credit during economic uncertainty

While this is an extremely challenging current climate for many Canadians, there is a silver lining—interest rates are at an all-time low, providing a significant opportunity to those who have the financial means to take advantage. 

This short video is less than 4 minutes long but will show you how to:

  • Take advantage of the low-interest rates of the current economic climate
  • Increase your appeal to lenders and set yourself up for future financial success
  • Reduce your monthly expenses


Ultimately, if your credit score is below 600, the odds are not in your favour for lender approval. Lenders are wary of anyone with a low credit score, as it makes them a risky borrower. With a low credit score, you might not be eligible for the low interest rates, or worse, you might be denied altogether.  In times of economic strain, banks tend to tighten up on general lending, and while you can’t control the selection criteria of lenders, you can get yourself to the top of the list.

How? By increasing your credit score of course!

If you’re still employed and can afford it, building credit now while we are still in the midst of the pandemic means you’ll be in a better position to take advantage of the deals, bargains, and overall more affordable purchases that will come when coronavirus is behind us. 

Please note, building your credit score is only recommended for those who have the means to do so comfortably without putting themselves or their family at financial risk. That means you have a stable source of income or a good amount of savings. You could even take cash you save from eliminating unnecessary expenses and apply these savings toward building your credit. 

If you are in a financial position to work on building your credit during the COVID-19 crisis, Refresh Financial offers an easy, set-it-and-forget it credit building solution called the Credit Builder Loan. You pay into a savings program which holds your money until you are ready to access it, instead of going into debt. Each payment you make is reported to the credit bureaus, ultimately boosting your credit score. It won’t take long before you’ll have a nest egg of cash and a prime credit score to go with it. It’s a win-win that will unlock ultra-low interest rates.

Confused? Don't be. This quick video will quickly explain the Credit Builder Loan for you!


Build your credit score FAST with a custom credit building solution from Refresh. 

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    I would like to thank Refresh Financial for helping me get out of a bad spot. I never thought it was possible and almost gave up on things and then I saw Refresh Financial and and gave it a try. At first I was unsure of things but to see my credit score now makes me a believer in this program.

    – Aaron A

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    – Chris C

    Refresh helped me regain credit following a nasty divorce, which left me with a very poor rating. They were able to remarkably help me go from a 480 to a 600 score, in just over a year. Thank you Refresh!”

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    I have watched my credit score jump since being with Refresh and I have already recommended it to friends and family. Thank you for helping me build my credit faster for my future and my children’s future :)”

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    At first I was skeptical because I wasn’t getting funds upfront and had to make payments when I really needed the money. I’ve been in the program a year now and have noticed my credit has improved drastically!”

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    I have been a client of Refresh Financial for approximately 3 years. Since being a client they have improved my credit immensely. Definitely recommend this company to anybody that needs help re-establishing credit.”

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    Refresh Financial is an amazing program to help people get back on their feet. I was rock bottom with nowhere to turn. My credit was beyond poor. I would recommend them to anyone. If I can do it surely anyone else can.”

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    “Great company to deal with for rebuilding credit, very simple process to get started. Good service if you ever have questions.”

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    This business truly cares about its clients. The customer service is always quick to return calls or emails. Their online portal functions very well so as a customer you are always updated as you progress with your loan.

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    “Refresh Financial has made us more aware of how to take care of our financial situation and be more responsible, and making payments on time is rewarding in the end for credit. Thank You sincerely.”

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    This company has been nothing but fantastic. They have gone above and beyond to help me. This program has given me the relief and peace of mind I need. I would certainly go back to them and give them names of people who could use this.”

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    The financial services products are excellent for new immigrants, low-income earners and small business owners. Loans, savings and credit building all in one solution is a perfect fit to help with financial goals and stability.”

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    “After successfully going through a credit rebuilding loan, I was able to use my built-up equity to purchase a newer vehicle and I have since been approved through a financial institution for a loan.”

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    “I made some poor credit choices when I turned 18 and have always had this lingering thought of how am I ever going to better my score. Since being with Refresh I have realized that I took the right step towards bettering my future.”

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    “Thank you Refresh, and my relationship manager for giving me the tools for a better score with a secured card and two credit builder loans. I feel absolutely confident I’m on a better path to financial success. I am happy to be a long term client.”

    – Trevor P

    I’m so excited I’ve joined refresh! I’ve already seen a huge increase on my credit after the first month! The staff are a delight and make this so easy to understand. I strongly recommend Refresh Financial even if you have good credit this will give you a boost and you’re saving money with the reverse loan!”

    – Wayne B