Ask the Expert 2013- 4 of12 Part Credit Tips Series As read in The Daily Gleaner Newspaper, Fredericton New Brunswick, Improving and Rebuilding your credit…Credit Tip 4

Q- Jim, what does a Credit score look like?      www.wheelsanddeals.ca

A…Credit Tips…4- In Canada there are two Credit reporting agencies. Trans Union and Equifax both use date based of your creditworthiness again based on 300 lowest to 900 highest (credit score). This shows how your credit ranks based on Canadian population by %(credit ranking). Then, where you fit in the lenders perspective (Very poor-Poor-Fair-Good-Very Good). Lenders decide if you can have a loan, amount of loan and interest rate with this info..(next week Tip, on what factors lower credit scores).

Ask the Expert…Jim Gilbert..

http://www.transunion.ca/          http://www.consumer.equifax.ca/home/

                       

Ask the Expert….mailto:gilbert@wheelsanddeals.ca