Why should you say yes to “B” deals | How to fix your damaged credit score.

May 17, 2024

Marcus and Justin provide a comprehensive overview of the current economic conditions in the Canadian real estate market. Highlighting the absence of a spring market this year, declining housing starts, record-high listings, and interest rates at their peak in the last 20 years, they set the stage for understanding the challenges and opportunities ahead.

Difference Between “A” and “B” Deals:

Explore the distinction between “A” and “B” deals with Marcus and Justin. They reveal how banks tend to favor salaried employees, leaving self-employed individuals and small business owners to pursue “B” deals. However, in the current economic climate, the interest spread between the two types of deals is minimal, making “B” deals a viable option for many.

Consumer Spending Trends:

Delve into reports from RBC and TD Bank indicating a decline in consumer spending in Canada. With 40% of Canadians struggling to meet their financial obligations and facing challenges like inflation, Marcus and Justin shed light on the changing landscape of consumer behaviour and its implications.

Step-by-Step Guide to Getting a “B” Deal:

Justin shares his expertise on helping clients secure “B” deals and improve their credit scores. Learn actionable steps to fix damaged credit, including converting credit card and unsecured debts to secured ones, resulting in lower interest rates and improved credit scores.

Marcus and Justin wrap up the podcast by emphasizing their commitment to helping clients secure “B” deals and improve their credit scores. At Cannect, they pride themselves on being “Credit Assassins” who assist clients in becoming bankable again.

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