May 3, 2018
5 Factors that Impact Your Credit Score in Canada
Not all debt is created equal on a credit report. Lenders consider credit rating, payment history, amounts owed, length of credit history, new credit and the types of credit in use before approving an applicant for financing. Effectively managing these 5 factors and understanding how they can impact your credit score will increase your chance of getting approved for financing at the best rate available.