About	Credit Card	Apply	Equifax &	Trans Union	FAQ's

 

96% Approval Rate! Now you can do all the things that were denied to you before! Apply for yours Today!

 

 

ABOUT

 

Home Trust was established in 1976, and is Canada's leading alternative mortgage lender. Their head office is located in Toronto, with branches in BC, Alberta, and Ontario.

Home Trust is regulated by the Government of Canada, and is a member of CDIC (Canada Deposit Insurance Corporation).

The predecessor company, Home Savings & Loan Corporation, became a federally regulated trust company on March 28 2000, and changed its name to Home Trust Company.

Member of Canada Deposit Insurance Corporation.

Licensed to provide mortgage lending, take deposits, and provide trust services nationally.

Home Trust Company is a 100% owned subsidiary of Home Capital Group Inc.

Home Capital Group is a publicly traded company that is listed on the Toronto Stock Exchange (TSE) under the trading symbol HCG.B.

As Professionals and as authorized agents for The Home Trust Company, Peter A. Kypreos, Accountant & Associates Ltd. are legally authorized and professionally qualified to provide consumers with the necessary information and application to help those of you who need financial services.

 

SECURED CREDIT CARD

Approval Rate is 96% Guaranteed!

On this web site you will find the necessary information to help you establish or re-establish a credit history for yourself.

Peter A. Kypreos, Accountant & Associates Ltd. is well recognized professional firm that is qualified and that knows what is required to assist individuals when it comes to borrowing money, establishing or re-establishing credit right from the start.

APPLY TODAY!

The Home Trust Company's Secured Credit Card

Secured VISA card features
Credit limit (min.)	$1,000
Credit limit (max.)	$10,000
Account set-up fee (one time)	$39.00 non-refundable
Security deposit	$1,000 - $10,000
Interest paid on security deposit	1%
Service fee (primary applicant)	$7.50/month
Service fee (secondary card)	$3/month
Interest rate - purchases	19.50%
Interest rate - cash advances	21.50%
Interest in arrears - cash advances	24.99%
Overlimit fee	$29
NSF fee	$39
ATM fee (Canada)	$2
ATM fee (USA)	$4.50
ATM fee (non-North America)	$5.50
Minimum Payment	3% of the balance or $10, whichever is greater
Subject to Change Without Notice

THE SECRET TO ESTABLISHING AN "A1" CREDIT RATING

• Use a mortgage broker when applying for a loan or mortgage.
   

•  Make sure that your current address is at least  two years or
   better.
   

•  Make sure that your place of employment is also two years
   or better.
   

•  Make your monthly payments on time as  required.
   

•  Avoid late payments because credit reports reflect all credit
   activity, even if you are one day late in making a payment.
   

•  Avoid NSF cheques, that is the biggest credit killer.

The only way and the fastest way to establish or re-establish your credit is by obtaining a Secured Credit! 

Bank loans and automobile loans through GMAC, FORD, etc, are going to help you, but, getting approval without a credit history is next to impossible. The key is to establish or re-establish a credit history. 

The only way to do this is by applying for a credit card and to build a history with it. The question is, who is going to give you one without the necessary credit history?

BECAUSE:

Credit card issuers have a pre-determined scoring matrix and a "Pass or Fail" algorithm called a score "cutoff".  If your score is above the cutoff, you are approved for a card.  If you are below the cutoff, you are declined.  There are no exceptions to the cutoff algorithms.  Within the scoring matrix are levels of scores that are utilized for various cards offered by the issuer such as:

 Gold, Silver,  Platinum, etc.

In other words, if your  score is high,
you will get approved.

It's as simple as that!

Most Canadian financial institutions fail to be concerned with the individuals who require assistance.

If you require a FREE CREDIT REPORT you will must contact one of the credit reporting agencies. Equifax Canada is one of two credit reporting agencies and you need to contact them to obtain a FREE CREDIT REPORT. There are others, however, most lenders use Equifax, therefore, it is advisable that you request a copy of your FREE CREDIT REPORT from them. You can also phone Equifax toll free @ 1 800 465-7166 or mail them at Equifax Canada P.O. Box 190, Station Jean-Talon, Montreal, PQ H1S 2Z2. Equifax believes that individuals have the following rights:

• The right to be considered for credit, insurance, employment and other benefits on their own merits, based on their actual record of actions and performance as related to their credit history.

• The right to be treated with respect and fairness whenever information about them is used.

• The right to privacy consistent with the requests and demands they make of business.

• The right to have their applications for benefits or opportunities evaluated on the basis of relevant and accurate information.

• The right to know what information has been reported about them.

• The right to be able to review the information reported about them in a reasonable time, in a format that is understandable, and with an ability to challenge and correct inaccurate information.

• The right to expect that the information about them that is collected or stored for consumer reporting purposes will not be used for any purpose other than those permitted by law.

• The right to expect levels of accuracy consistent with best-in-industry practices of record keeping and information systems management.

• The right to have information about them safeguarded through secure storage, confidential handling within the organization, and careful transmittal to authorized and legitimate users.

http://www.equifax.ca/
 

Is another credit reporting agency you can contact to obtain a FREE CREDIT REPORT. Visit their Consumer Information Page for details about ordering a FREE CREDIT REPORT. Contact Trans Union of Canada, Inc., toll free @ 1 800 663-9980 or mail them at Consumer Relations Centre, P.O. Box 338, LCD 1, Hamilton, Ontario, L8L 7W2

http://www.equifax.ca/

 

1. What is a secured credit card?

2. Why a secured credit card?

3. How does this help me establish or re-establish my credit?

4. What is the minimum/maximum credit limit?

5. Who qualifies for the program?

6. Who does not qualify for the program?

7. How do you apply for a Home Trust Secured VISA?

8. What happens if I am declined?

9. How can I send my deposit?

10. How do I send funds through Western Union?

11. Can I fax in my application?

12. What if I don't have a chequing account?

13. How long does it take to get a card?

14. Do I have to be a Canadian resident to get a Home Trust VISA card?

15. Is there any way to speed up the process?

16. When do I get my deposit back?

17. How can I increase my credit limit?

18. Is there an annual fee?

19. What is the interest rate?

20. Do I have to pay the balance in full each month?

21. How do I make payments?

22. What if I have an outstanding judgment against me?

23. Is the Home Trust VISA card available nationally?

24. How old do you have to be to get a credit card?

25. How much can I spend?

26. I have an existing mortgage with Home Trust, do I need to complete Secured VISA application?

27. Who can I contact if I have questions that are not listed here?

1. What is a secured credit card?

A secured credit card is a product in which the security deposit you provide is equal to your credit limit. It works just like any other credit card. Your deposit will be held in an interest bearing account with interest (currently1%) payable annually. You are required to make regular monthly payments over and above the security deposit because this is not a "prepaid" card.

2. Why a secured credit card?

The Home Trust Secured VISA will allow you to build or rebuild a solid credit rating. Many people have been declined by the banks for a credit card due to past bad credit or because they have no credit history.

Having a credit card is not a luxury anymore, it's a necessity. The Home Trust Secured VISA allows you to make purchases on-line or by phone, book a flight or rent a car. And VISA is accepted at over 24 million locations worldwide.

3. How does this help me establish or re-establish my credit?

Home Trust reports your file to the credit bureau on a monthly basis. Your file is updated and your credit history begins. Both the primary applicant and the co-applicant's credit bureau can be updated.

4. What is the minimum/maximum credit limit?

The minimum credit limit is $1,000 and the maximum is $10,000.

5. Who qualifies for the program?

Almost everybody who applies (our approval rate is approximately 95%). Applicants must have a source of income.

6. Who does not qualify for the program?

People who are currently in bankruptcy do not qualify.

7. How do you apply for a Home Trust Secured VISA?

Fill out an application form and mail it to 145 King Street West, Suite 1910, Toronto, Ontario, M5H 1J8 or to the PO Box on the application, along with your security deposit. Applications WILL NOT be processed without the required deposit.

8. What happens if I am declined?

If your application is declined, Home Trust will return your security deposit to you (cheques are not cashed until the application is approved).

9. How can I send my deposit?

There are two ways to send your deposit:

Attach a cheque (personal or certified), money order or bank  draft to your application form and mail it to Home Trust.

Send the deposit through Western Union.

10. How do I send funds through Western Union?

To find the location nearest you, call 1-800-325-6000.

At Western Union, you will be given a Quick Collect Payment Form. Fill it out as follows:

Pay to: Home Trust VISA
Code City: HOMEVISA
Province: Ontario
Sender's Account With the Payee Company: 1111

When the funds have been sent, you will be given a "money control number". This number must be indicated at the bottom of the application form.

11. Can I fax in my application?

You can only send in your application by fax if you have paid your security deposit through Western Union and indicated the money control number on your application. The fax number is:

416-360-6693 or 1-877-989-9979.

12. What if I don't have a chequing account?

We will accept cheques from a third party. You can also send funds through Western Union.

13. How long does it take to get a card?

The application process takes approximately 2-3 weeks from the time the application and security deposit are received. If you send guaranteed funds (certified cheque, money order, bank draft or payment by Western Union), it will take one week less than if you send a personal cheque, as we must wait for personal cheques to be cleared by the bank.

14. Do I have to be a Canadian resident to get a Home Trust VISA card?

The card is available to Canadian residents except residents of Quebec.

15. Is there any way to speed up the process?

There is no real way to speed up the process, however, ensuring that your application is complete will help. Guaranteed funds will expedite the process by one week because we will not have to wait for the funds to clear.

Also, if either of the following applies to you, there are documents you can send with your application to ensure that your file is not delayed:
 

if you have moved since your last loan/credit request or if you do not have a credit history, send a copy of your driver's license or a bill that matches your current address.if you have recently been discharged from bankruptcy, attach your certificate of discharge.

You may request "rush delivery" to have your card delivered to you by courier for a fee of $39. Please note that this is only a rush delivery and it will not affect the approval process.

16. When do I get my deposit back?

Your deposit will be held as long as you have an account with Home Trust. When you close your account, we will return your deposit, plus earned interest once all purchases and fees have cleared.

17. How can I increase my credit limit?

You can increase the limit on your card by sending additional funds to Home Trust and clearly indicating that you are requesting a credit line increase. This cannot be done by making an overpayment.

18. Is there an annual fee?

There is a one-time set-up fee of $39 charged to the first statement. A monthly fee of $7.50 will appear on subsequent bills. For a secondary card, there is an additional fee of $3 per month.

19. What is the interest rate?

Most banks charge between 17 and 21%. We charge 19.50% on purchases and 24.99% on cash advances. Interest is not charged if the balance is paid in full by the statement date. However, for cash advances, interest is charged from the time the advance is made to the time it is paid off.

20. Do I have to pay the balance in full each month?

You have to pay at least the minimum payment on the statement. You cannot use your security deposit to pay off the balance.

21. How do I make payments?

You can make a payment at any Canadian financial institution that bears the VISA logo (Bank of Montreal will also accept payments), either in the branch or through PC or telephone banking. If you prefer, you can mail your cheque or money order directly to Home Trust in the envelope provided to you with your statement.

22. What if I have an outstanding judgment against me?

If you have an outstanding judgment against you, you may still qualify. In this case, you are required to submit third party funds. You will also be required to provide written documentation confirming that the funds you are providing Home Trust are not your own. We will gladly send you the form you need to submit with your application.

23. Is the Home Trust VISA card available nationally?

It is available in every province and territory except Quebec.

24. How old do you have to be to get a credit card?

At least the age of majority in the province/territory where you reside (18 years of age in Ontario, Alberta, Saskatchewan. Manitoba, Prince Edward Island; 19 years of age in British Columbia, New Brunswick, Nova Scotia, Newfoundland/Labrador and the territories).

25. How much can I spend?

You may make purchases up to the limit of your Home Trust VISA card or you can use your card to make cash advances at ATMs or at a bank. Your Home Trust VISA card is a revolving line of credit. As you use your credit card, you are continually borrowing against your line of credit and repaying it. The amount of credit you have available at any time will vary depending on your current outstanding balance.

26. I have an existing mortgage with Home Trust, do I need to complete a Secured VISA application?

Although you are an existing Home Trust customer, you are still required to complete a Secured VISA application and submit it along with a deposit to set up an account. For processing purposes, please indicate on your application that you have an existing mortgage with Home Trust.

27. Who can I contact if I have questions that are not listed here?

You can call Peter A. Kypreos, Accountant & Associates Ltd. at:

Bus: (905) 279-1483 or Fax: (905) 823-4115

or email: pkaa@kypreos.com

 

The Home Trust VISA card is your best option to build or re-build your credit rating. Fill out an application form today. It's very simple, and only takes a few minutes to complete. This is an opportunity that you don't want to miss!