log in
This is a number assigned to virtually anyone who has ever borrowed money and has a credit history (be it a credit card, car loan, mortgage or any other personal loan). Lenders use it to determine their ability to repay a loan.
Credit scores range from 300 and 900 and are calculated based on a person’s borrowing history. Late payments, utilizing high percentages of your credit limits, and/or frequent credit applications can result in lower scores.
In Canada, Equifax and TransUnion Canada are the primary companies that track credit scores. Credit reports can be requested from either of these companies free of charge, but you’ll usually have to pay to see your credit score.
Spy Tip: Click here to learn how to request your credit report from Equifax, or click here to learn how to access your report from TransUnion.
