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21 Feb

The Facts About Credit


Posted by: Julie Medeiros

Your credit score can mean the difference between securing a historic low interest rate on a loan and being stuck in a higher tier. Great credit scores are the result of one thing—a stellar credit history.

The average credit score is 650 in Canada.* Even if you have great credit, there’s always room for improvement. The information I’m sharing this month details the steps to take to begin improving your credit now. Page one gives the facts about credit, including the information that comprises your credit score. Page two offers three tips that will help you to improve your credit.

Share this information with family and friends who wish to improve or protect their credit.



*Source: CBC News