Your Credit Score Explained
How It’s Calculated and What You Can Do to Improve It
Your credit score is a vital part of your financial health. In Canada, your score influences your ability to secure loans, mortgages, and credit cards, and it even impacts the interest rates you’ll be offered. Understanding how your credit score is calculated and what factors affect it can help you take control of your financial future.
Start Here!
Clearing the fog on credit in Canada and around the world
How Credit Scores Are Calculated
Understand the five key factors that impact your score: payment history, credit utilization, length of credit history, types of credit used, and recent credit inquiries.
What Affects Your Credit Score
Find out how things like late payments, maxed-out credit cards, and applying for too much credit can negatively impact your score.
How to Improve Your Credit Score
Learn effective strategies to improve your credit, such as paying bills on time, reducing credit card balances, and regularly checking your credit report.
“Your financial future begins here”
Our goal?
We know that navigating the world of credit can be confusing. That’s why we’ve created this simple, user-friendly guide to help you make informed decisions. We’ve partnered with trusted Canadian financial services to bring you the best tools and resources, including credit cards, loans, and more.
Debt Management and Credit Repair
Learn tips for managing debt, paying off loans, and repairing damaged credit.