The Loans Canada Blog

Understanding Your Credit Score and Credit Rating

Understanding Your Credit Score and Credit Rating

A credit score is a calculated numerical indicator that lenders use to determine whether a person meets their standard of financial responsibility. In Canada, credit scores generally range from 300-900. The closer your score is to the 900 mark, the safer lenders will feel lending to you, as… Read More


Credit Report Canada

Credit Report Canada

A credit report is a thorough, detailed report including all the information in a person’s financial history. Canada’s two credit reporting agencies, Equifax and TransUnion gather all information relating to your credit accounts, then use that information to… Read More


How to Improve or Fix Your Credit Score in 2018

How to Improve or Fix Your Credit Score in 2018

Is your credit not where you’d like it to be? Is your credit score low? Do you have an unhealthy looking credit rating, history and/or report? Does your bank constantly deny your applications for new credit products? Don’t give up, because Loans Canada has the advice that you… Read More


What is the Average Credit Score in Canada by Age?

What is the Average Credit Score in Canada by Age?

A good credit score is a valuable tool for anyone trying to navigate their financial life. True, making a decent income and saving money are also healthy practices, but a solid credit score is one of the key factors that can put you in… Read More


What is Loan Stacking?

What is Loan Stacking?

In this day and age, it’s not uncommon for Canadians to have multiple types of credit products listed on their credit report. Many borrowers have one or more credit cards, a car loan, a mortgage, maybe even a few personal loans to take… Read More


A Penny Spent is a Penny Owed: 10 Ways to Pay Off Your Debt

A Penny Spent is a Penny Owed: 10 Ways to Pay Off Your Debt

When it comes to debt, it’s always in your best interest to get a jumpstart toward paying it off, if you want to avoid being in debt for years to come. Easier said than done, we know. Everyone’s financial situation is different, just as everyone’s level… Read More


How Your Credit Fluctuates

How Your Credit Fluctuates

Everyone wants a long credit history, a good credit score and a healthy credit report that is devoid of errors. The great news is that everyone can have those things, whether you’re working… Read More


How Does Foreclosure Affect Your Credit Score?

How Does Foreclosure Affect Your Credit Score?

Foreclosure is a highly unfortunate event that forces homeowners to lose their homes after defaulting on their mortgages. Foreclosures are a real risk to those who are struggling to make their mortgage payments. If a homeowner is three months overdue on their… Read More


Building Your Credit to Buy a House

Building Your Credit to Buy a House

Home-ownership continues to be a dream for most Canadians, but this goal is often out of reach for many who still struggle with a poor credit score. Most conventional lenders typically require a healthy credit score of anything over 680, though there are loan options available to those… Read More


Note:

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