Free Credit Score Options For Canadians

Getting a free of charge credit score in Canada is much simpler than before. Several options now are available for you to instantly get your credit worthiness and report without hassle (mailing in forms and ID’s). While I write a good deal about travel here, I think the main topics personal finance is simply as important.



Good credit is important when it comes to travel with miles and points. You can earn a good deal of points along with your credit cards, especially with welcome bonuses. One of the best cards for getting right now would be the Starwood Preferred Guest American Express Card, containing an increased offer of 25,000 points. Additional Reading: SPG American Express Bonus Increased! Especially if you’ve had a bad credit score history, you wish to check whether you do have a good enough score to make use of and get approved.



In addition for your score, getting your report is vital to see the status of one's accounts and look at inquiries. There are two many credit reporting agencies in Canada, Equifax and TransUnion. All creditors view your file with either of these issuers if you apply for a plastic card. This check is mostly a hard inquiry.

Other companies, for example your telecom provider, might also pull your file if you're getting a phone on contract, as an example. Your credit worthiness ranges from 300-900. An excellent credit worthiness is in the high 700s. Anything above it doesn't significantly impact a credit decision, in line with this Globe and Mail article. Mostly, these factors review of your history - how risky you're if whenever a lender extends you credit.