Ijara Canada Tips for fixing a bad credit score
Getting Ijara Canada mortgage loans is quite different than looking for a conventional mortgage in many different ways. The Islamic version will help you to stay Sharia compliant and in line with your faith. For example, one of these loans allows you to steer clear from riba.
However, there are some requirements that are important to both of these versions. Your credit score is an important marker lenders use to determine your risk. If your credit has been bruised by some circumstance, there are things you can do to fix it.
Here’s some suggestions from our Ijara Canada experts.
- Getting into the habit of paying your bills by the due date helps to polish a bruised credit score. What’s more, it’s a good idea to make more than the minimum monthly payment.
- Be aware of the number of credit card applications you make. If more than a few lenders ask about your credit report in a short period of time, your score might be affected.
- Be cautious with your credit limits. Staying below the limit on your credit card shows that you are responsible to any potential lenders. Although ijara mortgages don’t place the same emphasis on credit, it’s a good idea to show you can be responsible with it.
We are in the business of supplying alternative choices for Muslims who are looking to stay sharia compliant when looking for a mortgage. However, our products are also excellent options for non-Muslims who are interested in what Islamic financing has to offer.
IjaraCDC is active in 50 states in America and all Canadian provinces. We offer competitively priced financing options and our ijara mortgage products fold into traditional banking systems.
We’ve put together all the information you’ll need to get started in our get ready to apply section. Our Ijara Canada professionals are waiting to hear from you. Why not get in touch with them today?