Search Cars
Financing
Why Canada Drives
How It Works
The smart way to buy a car

Inventory
Get access to the widest selection of vehicles in Canada

Customer Reviews
See why Canada Drives is Canada’s favourite way to buy a car
Resources
Blog
Stay up to date with the latest auto and finance news and tips

Newsroom
Read news articles about Canada Drives and access our media kit
Understanding Car Loans
Learn everything you will ever want to know about car loans

Car Loan Calculator
Quickly and simply calculate your potential car loan payments

Your current region: BC British Columbia

Your current region: BC

To see local features and services for another location,

Feb 20, 2018

Decoding Your Credit History: How to Understand the Account Ratings on Your Credit Report

Lenders use codes on your credit report to show credit bureaus how you pay back debt. The code shows what kind of credit you’re using when you make payments.

Psst! Want a Great Deal On Your Next Car?

Get free, simple, and expert-backed tips on everything you need to know about buying your next vehicle (or making your current one last longer).

Sign Me Up!

Browse by Category

Recommended Articles

You May Also Like:

Credit | Dec 9, 2019

How to Check & Monitor Your Credit for Free in Canada

In this guide, you'll learn how to monitor your credit score every month for free without damaging your credit, and how to understand and interpret what's on yo...

Read this Story

Credit | Nov 19, 2019

4 Shocking Things That Hurt Your Credit Score

If you're struggling to boost your credit rating, it's important to know ALL the triggers that negatively impact it. Follow our quick rundown of four scenarios...

Read this Story

Credit | Nov 12, 2019

Does Financing a Car Build Credit?

Did you know that a car loan can help you build credit? Making routine payments on time shows lenders that you're trustworthy... Your payment history accounts f...

Read this Story

Credit | Oct 1, 2019

Do Credit Checks Hurt Your Credit Score?

What’s the difference between a hard credit inquiry and a soft credit inquiry? How much does a hard inquiry affect your credit score and how long does it last o...

Read this Story

Credit | Mar 20, 2019

How Long Does it Take to Improve Your Credit Score?

The length of time it will take to repair your credit score will depend on what kind of marks are on your report. It’s important to know how long the process of...

Read this Story

Credit | Oct 15, 2018

No Debt Doesn’t Guarantee Good Credit

Getting a prepaid or low-limit credit card and having a healthy credit mix are some of the initial steps that a borrower with no credit history should take....

Read this Story

Find Your Next Car

Search All Vehicles

Or

Get Pre-Approved