What Your Credit Score Range Really Means

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Knowing where your credit lies on the credit score range is important. Depending on your scores and ranking, you may receive lower interest rates and may be more likely to be approved for loans and credit cards. There are two different credit reporting agencies in Canada, Equifax and Transunion. Each has its own approach to determining scores. Generally, a credit company or lender will look at both your credit score and your credit report to determine your creditworthiness. You are the only one who can improve your credit scores, this makes understanding your credit that much more important.

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Original Article Source Credits:   Loans Canada , https://loanscanada.ca/

Article Written By:   CAITLIN WOOD

Original Article Posted on:  NA

Link to Original Article:  https://loanscanada.ca/credit/what-your-credit-score-range-really-means/