Credit score
A healthy credit score generally reflects responsible financial management. It can help you get more favorable loan terms and lower interest rates when you borrow money to buy a house, study or for any other project requiring a large amount. On the contrary, a bad credit score could have negative impacts on your access to […]
Everyone should be able to check their credit score for free. The importance of credit scores cannot be overstated. They tell a lot about your financial situation including how reliable you are at repaying your debts. This is why it is important to keep an eye on your credit report and ensure it is true […]
A credit score has a fundamental impact on the life of any prospective borrower. Normally, you have to pay to check your own score, but a growing number of banks and fintech apps are making it possible to check your credit score online for free. This is the case with Desjardins, which, in partnership with […]
Your credit score includes three powerful numbers, known as a FICO score, which can determine a lot in your life. If your credit score is low, you may not be able to get loans and if you do, they’ll include high interest rates. You will have a hard time gaining access to credit cards and […]
Your credit score has major implications on your day-to-day life, determining whether you are able to get a mortgage, lease a car, or even sign up for a credit card. However since it is difficult to view your entire credit history, you may be unaware of factors that are lowering your score. Worse yet, if […]
Scotiabank is one of the Canadian banks that offer its clients a free credit credit score monitoring service. When you get your credit score through Scotiabank, it’s provided by TransUnion. You can easily check your credit score through Scotiabank. As this credit score check is a soft credit check, it’s not going to negatively impact […]
If you’re looking to improve your credit score but are new to personal finance or feel overwhelmed by numbers, Mogo’s credit score checker may be for you. Although it doesn’t provide an in-depth analysis of your credit history, Mogo makes it easy to check your score and provides incentives for improvement. While the platform may […]
Keeping a close eye on your credit score, such as TransUnion credit score, is very important for your financial well-being. Keeping a good score will help you get the best deals for your new mortgage and credit card applications. However, if you have late or missed payments, credit recoveries, public records, and a lot of […]
Royal Bank of Canada (RBC) is the largest bank in Canada and the most-trusted by Canadians for investment. The bank has over 70,000 employees serving over 15 million clients globally. The bank’s focus is to ensure that clients achieve their financial goals. You cannot really focus on your financial goals unless you have quality information, […]
My career as a financial reporter and my long years spent in collections at Desjardins have taught me that credit reports are largely misunderstood. This financial analysis tool is the source of countless myths, even today. Even its name is confusing. Several terms are used interchangeably, sometimes incorrectly, to refer to it, such as credit report, credit […]
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. […]
