Prime Interest In 5 Simple Steps
- Step 1. Get On The Right Track
- Step 2. Establish Revolving Credit
- Step 3. Maintain An Instalment Loan
- Step 4. Enter Interest Rate Reduction Program
- Step 5. Welcome To Prime!
GET ON THE RIGHT TRACK 1-3 months
Some people, when they are first starting out to build their credit, they don’t even know where to begin. If this is you, let’s build a plan together.
2. ESTABLISH REVOLVING CREDIT 3-6 months
The next step is to start building trust and good-will with some revolving credit. Everyone we help at this stage is guaranteed an approval for a credit card so they can start rebuilding.
MAINTAIN AN INSTALMENT LOAN 6-12 months
This instalment loan for a vehicle is the next benchmark where your credit can build much faster. Even if other banks and creditors refuse your application, we can begin an interview process for our in-house approval
ENTER INTEREST RATE REDUCTION PROGRAM 12-24 months
Now that your installment credit has improved, you will be eligible for a lower interest rate. Here, we will find the solution that best suits you in your path to prime.
PRIME INTEREST! 24-36 months
Congrats! Your hard work and dedication to build your credit has paid off! Let’s get you into the vehicle you really want long-term at the lowest possible interest rate.
Also, your financial position will present opportunities to work with people in our network that can help you get pre-approved for a house, investment opportunities, and more!
VP - Business Development
CEO (In Training)
Festival City Finance
10446 – 122st NW Suite 300
Edmonton / Alberta