What is a Credit Score?
Mark
Last Update hace un año
Remember report cards? Now imagine a report card that shows how well you handle your money. That is what a credit score is.
A credit score is a numerical representation of your creditworthiness, based on your credit history. It ranges from 300 to 900 in Canada, with higher scores indicating better creditworthiness.
If you borrow money (like a loan or credit card) and pay it back on time, your score goes up. But if you miss payments or owe too much money, your score goes down.