The Average Credit Score By Age
How Your Credit Score Changes Over Time: A Look at Averages by Age Group Credit scores tend to change as people move through different life stages, and your age can play a big role in how your score evolves. On average, younger adults tend to have lower scores simply because they haven’t had as much […]
Is 700 A Good Credit Score?
Understanding What a 700 Credit Score Means for Your Financial Health and Borrowing Power “Is 700 a good credit score?” Well, your credit score plays a big role in everything from getting approved for a personal loan to locking in a lower interest rate. So, where does a 700 score land you? The short answer: […]
What Is A Good Credit Score? (Equifax)
Understanding What the Numbers Really Mean, and How They Impact Your Financial Opportunities Ever wonder what counts as a “good” credit score, especially when it comes to Equifax credit scores? Well, Equifax, one of the major credit bureaus, uses a scoring system that typically ranges from 300 to 850. But where you land on that […]
Equifax Credit Scores & What They Mean
Understanding Your Equifax Credit Score and How It Affects Your Financial Health If you’ve ever applied for a personal loan, credit card, or even tried renting an apartment, you’ve probably heard about credit scores, and one name that often comes up is Equifax. But what exactly is an Equifax credit score, and why does it […]
The Impact of Afterpay: Understanding Its Effect on Your Credit Score
In recent years, buy now, pay later services like Afterpay have gained immense popularity. These services allow consumers to split their purchases into manageable installment payments. However, potential users often find themselves asking an important question: Does Afterpay affect credit score? This blog post aims to shed light on this query, alongside important considerations that […]
The Average Credit Score Across Canada
How Credit Scores Vary Across Provinces and What They Mean Credit scores are an essential part of personal finance, and can influence everything from loan approvals to your interest rates. In Canada, your credit score is 3 digits, which helps lenders see your financial health and responsibility. But what does the average credit score look […]
A Credit Score Break Down: What Your Credit Score Really Means
A Break Down Of Your Credit Score And What It Means In Canada Your credit score range in Canada is critical to your financial life, yet many people don’t fully understand what it represents. Essentially, a credit score is a three-digit number, typically ranging from 300 to 900, that reflects your creditworthiness. Lenders, landlords, and […]
How to build credit for your kids in Canada
During college years, this is the best time to get your kids started on the process of building credit. Once they graduate, credit generally makes getting started easier. Even if they get a good job, it’s going to be at least one year before banks and landlords take them seriously as a responsible adult. There are some things you can do to help them start the process.
Is There a Minimum Credit Score for Renting an Apartment in Canada in 2022?
Most landlords and rental companies check the credit scores of potential tenants as part of their application process. But is there a minimum credit score requirement for renting an apartment in Canada? Here’s what you need to know about credit scores and renting in 2022.
What is a Good Credit Score in Canada?
A good credit score can go a long way in Canada when it comes to getting approved for a credit card, line of credit, or loan. So if you’re planning to borrow funds or apply for any type of credit, you should know what a good credit score looks like.
Comparing Credit Score Averages in Canada and the United States
Maintaining a healthy, if not perfect, credit score should be a top financial priority. What are the average credit scores for people in Canada and the United States? Are there differences in how scores are calculated in these countries?