How fast does your credit score go up in Canada?

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How fast does your credit score go up in Canada?

Rounding it up

  • Most credit bureaus update your credit score every 30 to 90 days, though these numbers can vary from person to person.

  • Credit scores typically don’t increase by more than 10 to 20 points every month. But if you pay off a major debt or you correct a big error on your report, your rating could increase by 50 or even 100 points.

  • Building credit isn’t a short-term endeavour—it’s a lifelong pursuit. Maintaining good credit habits over time is the best way to improve your credit score.

  • If you want to improve your credit score, consider using KOHO’s Credit Building tool, and be sure to take advantage of all the great budgeting features that come with your account.

6 min read

Gaby Pilson
#credit score#credit building#personal finance#canadian finance

Gaby Pilson

Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.

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