FAQs - Nab Solution

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Can I fix my credit yourself?

Yes, it’s your right to do so. According to the Canada Consumer Protection Act (CPA), individuals have the right to protect themselves against creditors and credit bureaus. While you can try to fix your credit yourself,we recommend working with credit repair specialists who work with lawyers’ guidance to get the best possible outcome for you.

How can bad credit be legally repaired?

It is your right and responsibility to ensure that your credit report is accurate and up to date. As a consumer, if there is information on your credit report that is misrepresented or is not you, then you have the right to question that the delinquent information be removed from your credit record.

Do I still need to pay my bills?

Yes, absolutely. Our responsibility is to help you fix your past credit rating. If you happen to go into debt again, then you will continuously be working with us. Our objective is to help you repair your credit score and provide you with strategies to improve your credit continually.

Does paying my bills help to restore my credit?

Making sure that your bills are paid on time each month is critical for building your credit score. However, paying your bills will not erase bad credit from your record. Our clients enjoy working with us to tackle delinquent historical accounts, which will dramatically improve your credit rating.

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Disclaimer: NAB Solutions, located at 2700 685 Centre Street SW, Calgary, Alberta, T2G5P6, offers a range of financial solutions. Please note the following terms and conditions. Eligibility: All loans are subject to credit and underwriting approval. NAB Solutions acts as a facilitator, connecting borrowers with potential financial service providers. We are not a direct lender. Compliance: NAB Solutions partners exclusively with financial service providers that operate in strict accordance with Canadian laws and regulations. Loan Terms: Loan amounts offered by our partners range from $500 to $50,000, with varying repayment terms, spanning from 4 months to 60 months or more. Annual Percentage Rates (APRs): APRs for loans can range from 1.99% to 36%, based on an assessment of your credit profile by our partner lenders. Sample Calculation: As an illustration, if you borrow $500 and choose a 9-month repayment plan, your monthly installment would be $81.15. Over the entire loan term, you would pay a total of $730.35. This amount includes an optional loan protection policy offered by our partner. Missed Payment Fee: In the event of a missed payment, a fee of approximately $45 (dependent on the lender) may be charged by the lender. Default and Collections: If you default on your loan, your payment plan will be terminated, and our partner lenders may employ different collection methods to recover the remaining balance. Outstanding debts will be pursued within the confines of applicable laws. Fair Collection Practices: Our partner lenders adhere to fair collection practices and will treat borrowers with respect and fairness throughout the collection process.Please carefully review and understand these terms before proceeding with any financial arrangement through NAB Solutions. If you have any questions or concerns, don't hesitate to contact us for further clarification.