Personal Finance

Credit Score

Strategies and tips to build and maintain a good credit score.


Credit Score Improvement
How to Improve Your Credit Score
To improve your credit score, pay bills on time, reduce credit card balances, keep old accounts open, limit new credit applications, diversify credit types, correct report errors, and consider a secured credit card.
Credit Score Requirements
What Is the Minimum Credit Score for a Mortgage in Canada?
In Canada, the minimum credit score for a traditional mortgage is typically around 680. However, this can vary by lender. Scores above 700 are optimal for better rates and terms. Options exist for lower scores with alternative lenders.
Credit Score Benefits
What Are the Biggest Advantages of a Good Credit Score?
A good credit score offers easier loan and credit card approvals, lower interest rates, favorable credit card offers, higher credit limits, easier apartment rentals, better car insurance rates, negotiating power, higher loan amounts, and can aid in job applications.