Blog Credit

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.

Previous
Next

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).

Browse by Category

Blog Categories

Recommended Articles

You May Also Like:

Credit

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

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

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

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

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

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