Credit Score
Our articles about credit score and how to improve it.
Does Getting Your Rent Payments Reported to Credit Bureaus Actually Help You Build Your Credit in Canada?
Over the last few years, various rent reporting services have emerged in Canada, most of which only report rent payments data to Equifax. That includes Borrowell Rent Advantage, FrontLobby, and KOHO. More recently, rent reporting company Zenbase anno
What You Can and Can't Do With a 650 Credit Score in Canada
You can still qualify for car loans, high interest personal loans, and secured credit cards, but you will face higher interest rates.
How to Freeze Your Credit and Avoid Credit Fraud in Canada
"If you're concerned about people opening up credit in your name or if your info were part of a leak, freezing your credit file is something you should consider."
Overdrafts Don't Impact Your Credit Score Directly, But Here Is How They Could Impact You
The overdraft itself is invisible to the credit bureaus, but danger begins when you leave a negative balance too long.
How Do I Fix My Credit Score After Missing a Credit Card Payment?
"The first thing you should do once you realize you missed a credit card payment is make sure you pay."
Which Public Records Can End Up Hurting My Credit Score and for How Long?
Bankruptcies, consumer proposals, judgments, and liens are the main public records that appear on Canadian credit reports and drag down credit scores. They can remain visible to lenders for anywhere from two to 14 years, depending on the record type,
What You Can and Can't Do With a 680 Credit Score in Canada
"A 680 credit score would be a reasonable credit score to get most products. You'd probably get in the wheelhouse for a lot of credit cards, personal loans and auto finance."