Credit score
Recent studies have shown that Canada has one of the world’s highest mobile phone usage rates. More than 98% of the population between the ages of 18-29 and 95% of those aged 30-49 own a smartphone. That means that at some point, nearly every Canadian adult has applied for a mobile phone contract or plan. […]
When it comes to getting approved for a credit card, Canadians often wonder what credit score they need to qualify. Don’t expect a straightforward answer to this question since there is no one-size-fits-all answer. However, you should know a few things about credit scores and how they relate to credit card approvals in Canada. Factors […]
If you’ve recently checked your credit score, you might find yourself wondering what the number means. Or maybe you want to know how you can increase your credit score so you can achieve your financial goals. Different lenders have different ideas about what credit score is good versus excellent, or average versus poor. Some lenders […]
Brief Explanation of Credit Cards and Credit Scores In Canada, credit cards are an essential part of the financial landscape. They offer convenience, flexibility, and rewards, making them a popular choice for consumers. Credit cards are a form of borrowing that allows you to make purchases without paying for them upfront. When you use a […]
In collaboration with Borrowell “How to build credit” is one of the most searched credit questions on Google. Why? A good credit score is your ticket to great things like better interest rates, your own apartment, a brand new smartphone, and even your dream job. A bad credit score will slam a lot of doors […]
What does a 600 credit score mean and how does it impact your life? A credit score is a three-digit number that lenders and creditors use to evaluate how well you can manage debt. When you apply for a loan, the creditor will use your credit score to assess the likelihood you will repay the […]
A bad credit score in Canada not only costs you money, but it can also cost you opportunities and your quality of life. If you have a bad credit score, the negative information dragging it down stays on your credit report for 6 years. A bad credit score is determined by a variety of things. […]
Your credit score is an important metric that helps you qualify for financial products and achieve specific goals. It’s critical you understand how a credit score works, and how it impacts you. Want to get a travel rewards credit card? You’ll need a good credit score to qualify. In the market for a new car? […]
Borrowing funds from a creditor requires some trust, and your good credit score can create wonderful opportunities for you. How would you feel knowing you qualify for certain loans and mortgages on the basis of your credit score? Excited, right? Unfortunately, most of us don’t think about our credit score until we are about to […]
Your credit score affects the financial products that you are eligible for (and the interest rates that you will be charged), so it is important to keep it relatively high. Fortunately, many credit score checkers come with additional features that make it easier to understand and improve your score. One such example is ClearScore, a […]
A 730 credit score means you’re moving up in the world. It’s so close to the next bracket of “very good” credit scores that unlock more perks for you. A credit score is a three-digit number, between 300-900, that represents a borrower’s creditworthiness. To keep up the good work, register with ClearScore to get tips on how to […]
Hooray! A 680 credit score puts you square in the good-credit category. Credit score ranges are between 300 and 900, and are classified from poor to excellent depending on the range. Your credit file is a track record of managing debt so financial institutions can quickly asses how trustworthy you are. Your credit score is […]
