Canadian Business Credit Score and Report
Most consumers in Canada are aware that they have a personal credit score and report. But did you know that business owners in Canada have a business credit score and report as well? If you are a business owner in Canada, it’s important for you to be aware of, and… Read More
Is Being in the 800 Credit Score Club Really That Important?
The ‘800 Credit Score Club’ is a term coined to describe those that have a credit score of 800 or higher, as the name implies. Those who regularly monitor their credit score know how difficult it is to achieve a score this high. Read More
Having Your Credit Checked For a Job in Canada
You’ve definitely heard of creditors and lenders checking your credit report, but did you know that potential employers sometimes check credit reports too? Usually checking a credit report is a part of a full employment background check which includes things such as a… Read More
What is a Credit Bureau?
Many of your financial decisions directly impact your credit rating. The credit bureaus are the organizations that collect all this pertinent information from lenders, banks, credit card companies, and even courthouses. Basically, any relevant credit info will be recorded at the credit bureaus. Need help understanding… Read More
What it Means to Have a Credit Score of 780
Your credit score matters a great deal when it comes to accessing various financial products. From something as big as getting a mortgage for a home purchase to something as small as getting a cell phone contract, your credit score plays a crucial role. That’s… Read More
Which Credit Bureau Do Lenders Check in Canada?
Creditors use credit bureaus in Canada to check a consumer’s creditworthiness before extending credit. Lenders tend to have a preference of either Equifax or TransUnion, but some will check both. Understanding what a credit bureau is, how they get their information, and how to monitor the information contained… Read More
The 5 C’s of Credit
“Credit” starts with the letter “C,” but that’s not the only important word related to your finances that does. Your credit is a crucial component to your financial health and plays a key role in your ability to secure a loan, land an apartment, and even get approved… Read More
Is Your Credit Report Scaring Away Lenders?
You’ve always paid your bills on time and never missed any payments, yet you’re still struggling to get approved for a loan or credit card, how can that be? Your credit report contains a lot of obvious information, such as your ability to pay your bills on time,… Read More
The Surprising Perks of Having a Good Credit Score
It’s not exactly a secret that having a good credit score is much more advantageous than having a poor score. But do you know exactly why? Canadians are encouraged to check their credit once a year to keep an eye on their credit score and any… Read More