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A High Credit Rating Can Save You Money
Bad credit rating? Doomed to ultra-high interest rates? Cash Depot helps you rebuild your credit quickly and easily — with no up-front costs, no hidden fees, and no nasty surprises. Just real help and real money when you need it most.
Why Is Rebuilding Your Credit Important?
Your credit report is used to determine your eligibility for bank loans, mortgages, and car loans, as well as the interest charges you will have to pay. Your credit score directly impacts your financial freedom.
Bad Credit Rating (300–659)
With a bad credit rating, you have a lower chance of getting the loans you need and are charged higher interest rates. Banks and financial institutions are quick to reject applications, leaving you stuck in expensive short-term borrowing cycles.
Good Credit Rating (660–900)
With a good credit rating, you will be able to borrow more money and pay less interest, letting you save significantly in the long term. Good credit opens doors to mortgages, car loans, and better financial products.
How to improve your credit rating: Pay your bills on time, keep your credit card spending at a minimum, and only take out loans when absolutely necessary — always requesting the minimum amount you need.
Start Rebuilding Your Credit Today!
Rebuild Credit with a Secured Credit Card
One of the most effective tools for rebuilding your credit is a secured credit card. Here’s everything you need to know.
What Is a Secured Credit Card?
A secured or guaranteed credit card is a credit card activated by a security deposit. For example, you deposit $300 on the account of the card, and then you can spend up to $300 with the card. It functions similarly to a prepaid credit card, except a secured credit card reports your payment activity to credit bureaus — helping you rebuild your credit score with every responsible purchase.
Why Rely on a Secured Credit Card?
Do you need to deal with a bad credit history? Are you ineligible for a standard credit card? The secured credit card is designed for you. By using it regularly and paying your balance on time, you demonstrate responsible credit behaviour to lenders. Over time, this builds a positive credit history that can qualify you for standard credit products and better loan rates.
What You Should Know About APR
The APR (Annual Percentage Rate) represents the total cost of payday loans or loans repaid in installments. It is expressed as a percentage, calculated per year, and based on the loan period. The APR is NOT the same as the interest rate — it includes all fees and charges associated with the loan. Contact us to learn more about APR and how it applies to your specific loan.
Responsible Use of Cash Advances
Always remember to be financially responsible when using cash advances. Use them strategically to save money by avoiding late fees or overdraft charges — not as a long-term financial solution. Here are some tips:
- Only borrow what you can repay on your next payday
- Pay your bills on time to gradually improve your credit score
- Keep credit card spending at a minimum and avoid maxing out limits
- Check your credit report annually and dispute any errors
Have Questions? We’re Here to Help
We’d love to hear from you. Give us a call at 1-844-906-2274 or send us an email with your questions and we’ll be more than happy to help. You can also check out our FAQ page for more information about our services and loan options.
