Credit Score Canada

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What is a good credit score in Canada?

Rounding it up

  • Credit scores are a number between 300 and 900 that serve as a reflection of your credit report and trustworthiness.

  • Scores above 660 typically mean you’re low-risk, and shouldn’t have trouble getting approved for credit.

  • Your credit score is determined by factors like the number and types of bank accounts you have, your credit history, used versus available credit, and payment history.

  • If you’re not at your desired credit score, start by understanding your personal finances, so you can take the right steps towards improving your credit.

5 min read

Erik Helin
#credit#credit building#credit score#credit card

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The KOHO Visa* Prepaid card is issued by Peoples Trust Company pursuant to license by Visa Int. *Trademark of Visa Int., used under license. **These services are provided by Service Providers, including Visa, Peoples Trust Company and Galileo Processing. Learn more about your finances with Visa Practical Money Skills.