Credit Score
Learn all about credit scores: what they are, why they matter, and how to improve them, no matter where you are in your financial journey.
How to build your credit from scratch as a Canadian immigrant
Your credit history doesn't transfer to Canada. Here's how to build credit from the ground up in six to 12 months.
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
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,
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."
How Long Does It Take To Build Your Credit as a Canadian Immigrant
You will likely become scorable for Equifax within 3 to 6 months and almost immediately with TransUnion.
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.
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." Learn more about the opportunities you can unlock with this score in Canada.