Infographic: Your Credit Score Breakdown

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Updated On: November 30, 2021

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Your credit score is the backbone of your financial life, it affects everything from getting approved for new credit to getting hired for your dream job. If you’re looking to improve your credit score because you’ve been rejected for a loan you need or simply because you’re looking to get your overall financial health back on track, having a good understanding of how your credit score is calculated is a great place to start. The great news is you have the power to improve your credit score, take a look at our newest infographic for an in-depth look at credit scores.

Looking for even more information on credit scores?

Loans Canada has created a comprehensive collection of all the information you need concerning your credit score. Click here to take a look.

MDG

Caitlin Wood, BA

Caitlin Wood is the Editor-in-Chief at Loans Canada and specializes in personal finance. She is a graduate of Dawson College and Concordia University and has been working in the personal finance industry for over ten years. Caitlin has covered various subjects such as debt, credit, and loans. Her work has been published on Zoocasa, GoDaddy, and deBanked. She believes that education and knowledge are the two most important factors in the creation of healthy financial habits. She also believes that openly discussing money and credit, and the responsibilities that come with them can lead to better decisions and a greater sense of financial security.

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