Why Use Credit?

The increased use of credit by consumers surely stands as one of the most remarkable changes in social patterns over the past 50 years. Computerization of the world has opened up credit possibilities that could not have been dreamed of even a generation ago.

A good credit record is a valuable tool for enriching the quality of life and allows access to such major purchases as a home, cars, appliances, or travel facilities. A good credit record makes things accessible, now. In addition, working to develop a good credit record helps to establish a proper sense of budgeting, not only for our daily finances, but also for long-term personal, business and emergency needs. With respect to credit, the Canadian Human Rights Act forbids discrimination on the grounds of race, national or ethnic origin, colour, religion, age, sex, marital status or conviction for an offence for which a pardon has been granted.

Credit grantors extend their credit to consumers using a variety of company standards and systems, as well as using the credit information from local Credit Bureaus. Most banking and merchant institutions which extend credit will be pleased to discuss specific credit situations in terms of their firm's policy and your needs. We trust you will find the following suggestions both helpful and informative.