The Debt Solutions People®

FAQs: Credit & Debt

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Debt Relief in Edmonton

When you have debts that you can’t repay, life can seem confusing, stressful, and overwhelming. A.C. Waring & Associates provides solutions that may help you regain control over your finances and live your life debt-free. Have a look at the following frequently asked questions to learn more.

How Can You Help Me Deal With My Debt?

A.C. Waring & Associates provides a full range of debt solutions to handle wage garnishments, repossessions, collection notices, foreclosure issues, and lawsuits, depending on your situation. We’ll help you understand what your options are as you work to rebuild your credit.

Your credit score is a measurement of the potential risk that you represent to lenders. A high score means that you are low risk. A low score means that you are high risk. You “earn” your score based on whether or not you pay your debts on time.

There are a few different ranges that your credit score can fall into:

  • 300–579: Poor
  • 580–669: Fair
  • 670–739: Good
  • 740–799: Very Good
  • 800–900: Excellent

Your credit score is a numerical value representing the potential risk of lending to you, while your credit rating is a lender’s assessment of your history with them. Your credit rating is assigned both a letter (indicating the type of credit used) and a number (indicating how promptly you paid off the debt). The letters used are as follows:

  • I (Instalment)
  • O (Open line of credit)
  • R (Revolving credit)

The numbers next to the letters range from 1–9. Having 1 indicates that you always pay on time and 9 indicates a bad debt or an account that has gone to collection.

Your credit report contains all of your personal information (date of birth, social insurance number, addresses, employment details, etc.) and other facts pertaining to your credit history. This includes transactions from credit card companies, cell phone companies, banks, and any other lenders with whom you’ve had an account.

Where To Find Us

Find us in the First Edmonton Place building on the corner of Jasper Avenue and 107th Street, behind the Corona LRT Station. Street meter parking is available along Jasper Avenue as well as 106th and 107th Streets, and paid surface parking is off of 106th Street, and underground parking for First Edmonton Place is off of 107th Street.

A.C. Waring &
Associates Inc.

  • First Edmonton Place
    410-10655 Jasper Ave NW
  • Edmonton, AB T5J 3S9

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Alberta’s financial future is changing. While many people in our province found themselves out of a job once the pandemic hit, the Canadian government responded with a flood of different benefit programs designed to help lower-income workers keep their heads above water.  Insolvencies decreased across the country during the pandemic partly due to government financial […]

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August 24, 2021
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Men sitting down overwhelmed with credit card debt

Credit cards are useful tools for providing us with money in advance.  This money is not free however.  It is an advance loan and must be repaid within the credit agency timelines.   In fact, the money you spend using a credit card payment is more expensive than your own money from your bank account […]

Read More…

The COVID-19 pandemic has changed the way we looked at our money forever. Studies have shown that 1 in 3 Canadians have felt an impact on their finances since the first lockdown happened in March 2020; an impact that has reduced their income, changed how they saved, and even pushed their retirement plans to a […]

Read More…

Alberta’s financial future is changing. While many people in our province found themselves out of a job once the pandemic hit, the Canadian government responded with a flood of different benefit programs designed to help lower-income workers keep their heads above water.  Insolvencies decreased across the country during the pandemic partly due to government financial […]

Read More…

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