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Financing Credit Solutions for New Canadians and Those with Damaged Credit Ratings




Credit Questions? We Can Help!

Financing Credit Solutions for New Canadians and Those with Damaged Credit Ratings


When it comes to credit and finding affordable solutions for new Canadians or those with a damaged credit rating, it can be challenging. E2E Financial is geared toward helping families and individuals meet their full potential by establishing and/or improving credit scores so you can access financing – whether that’s for a residential mortgage, a commercial small business loan or even construction financing. If you have credit questions, we can help!


We’ve been providing financing credit solution for over 15 years. We know the unique challenges facing new Canadians and we understand the fallout from a damaged credit rating. Both situations are likely to cause stress, sleepless nights and worries about your financial future. We can help you rest easy, plan for your future and help make all your dreams come true. Let’s talk credit in Canada:


I’m a New Canadian – How do I establish Credit in Canada?


First of all – Welcome! You are now part of a beautiful country that’s truly a land of opportunity, if you know how to navigate through the system. That’s where we come in. There ARE options to help new Canadians establish credit here in your new chosen home. Our team will sit down with you during a free, one-hour consultation and walk you through the process of how Canadian banking institutions work and how you can leverage your assets and previous credit history – even from another country – to successfully apply for a loan or mortgage here in Canada.


Here’s what you need to know now!

  • You must have immigrated to Canada within the past 5 years to qualify as a “new” Canadian.

  • Too obtain a mortgage you must also have Permanent Resident status.

  • Lending institutions will be looking for verification of a minimum of three months of employment.

What if I don’t have permanent residency status?


A non-resident is sometimes able to obtain a mortgage although typically, different qualifying amounts for a down payment will apply. Up to a 35% investment from you may be required by some Canadian banking institutions, with a maximum of 65% of the home’s value able to be mortgaged.


Are there any special programs for Newcomers?


YES! There are a variety of services and programs for newcomers to Canada, some of which will specifically focus on financial support for recent immigrants. E2E Financial works with a variety of lenders, including government sourced programs and we can help walk you through every option to ensure you make the right choice for you and/or your family. It’s both an exciting and challenging time – let us help get you settled in and secure your financial future.


Help – My credit rating has been damaged! Is it too late to repair it?


Life happens, we understand. Whatever the reason, your credit rating has been damaged and now you’d like to improve it. Perhaps you lost a job and are now back on your feet, or experienced a temporary setback due to illness. Sometimes a damaged credit score is as simple as a long forgotten purchase on an old store issued credit card you didn’t realize was still in your wallet. Whatever the reason, the good news is it’s almost never too late to repair a poor credit score.


Here’s what you need to know now!


What is a credit rating?

  • A credit report is a compilation of your past and present financial history, converted into a “score” and is used by financial institutions to make informed decisions about whether to extend credit to you in the form of a loan, a residential mortgage or to buy a car (for example.)

  • Credit scores are typically a three-digit number with the higher your number is representing the better your credit score/rating.

What causes damaged credit?

  • Missed credit card payments.

  • Missing a mortgage payment.

  • Late payments.

  • Past due accounts.

  • Errors on your credit rating – yes, mistakes DO happen!

How do I fix my credit rating?

Contact E2E Financial and talk to Satpaul Saroya who has been helping folks navigate the financial services industry for over 15 years. We can take you through the process step by step with recommendations on how to proceed and we offer the added benefit of working with a variety of lenders, some of whom specialize in helping those who find themselves in this exact situation.

  • You can expect to have a conversation around some of the following topics:

  • Obtaining and reviewing your credit report to determine exactly where you are right now, whether or not there are any errors or omissions and if so, how to have them corrected.

  • A thorough review of your credit card history.

  • Arrangements for the repayment of any past due, outstanding accounts.

  • Learning how to manage financing for the future including paying off high interest credit cards first, consolidating outstanding credit, paying balances on time and more.

Rest easier and stop worrying about your financial future when you work together with the team at E2E Financial. Whether you have no credit, a poor credit rating or limited to no Canadian credit history, we can start you down the path to financial success. Our first one-hour consultation is free. There’s no risk. If you need help here in the GTA or throughout Ontario, contact E2E Financial today.


Succeeding Together:

E2E Financial Provides Speedy Solutions for Personal, Business, Construction and Commercial Financing and Loans!






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