Apply Now

Video: How Your Credit Score is Calculated

Loans Canada: The Country's Best Loan Comparison Platform

Video: How Your Credit Score is Calculated

Written by Caitlin Wood

Video: How Your Credit Score is Calculated

Categories

Credit Credit Rating Credit Score

If you’ve been looking into improving your overall financial health or have simply just been looking to improve your financial knowledge, you’ve more than likely come across lots of information discussing the importance of the credit score. Credit scores truly are very important, creditors and lenders often use them to assess our creditworthiness. Whether or not you get approved for a loan, mortgage or new credit card can often be reliant on your credit score (just in case you were wondering, there are lenders that do not use credit score to approve loan applications). We believe that in order to have the best possible financial life, you need to know how your credit score is calculated. This way, you’ll know what you need to do to improve it if that’s your goal. Check out our newest video to learn how your credit score is calculated.

Click on the star to rate it!

How useful was this post?

Research & Compare

Canada's Loan Comparison Platform

Largest Lender Network In Canada

Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.

Make Smarter Borrowing Decisions

Whether you have good credit or poor credit, building financial awareness is the best way to save. Find tips, guides and tools to make better financial decisions.

Industry Spotlight

What's happening with Canada's credit industry?

HardBacon ⎯ Helping Canadians Regain Control of Their Finances

HardBacon ⎯ Helping Canadians Regain Control of Their Finances

Check out our exclusive interview with Hardbacon; a mobile app that helps you manage your personal finances so you can make your financial dreams a re...

Read Post
Locator
Find The Best Rate
In Your Region
OR
Best Personal Loan Provider by Greedy Rates
Icon

Confidential & risk-free

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan.

Your data is protected your connection is encrypted.

Loans Canada Services Are 100% Free. Disclaimer

Keep Track Of Your Credit Score

Subscribe with Credit Verify to monitor your credit rating and get your free credit score.