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Guide to Credit Score Ranges in Canada. Feb 8, 2024. Fact Checked. Credit scores in Canada are three-digit numbers that range from 300-900, and are rated from Poor to Excellent.
Equifax Credit Score in Canada: Ranges and How to Access. Feb 14, 2024. Fact Checked.
From checking your credit score too often to carrying a credit card balance, we're taking the mystery out of how credit ...
That’s the highest FICO score available for the most widely used versions of both credit scoring models in Canada. While this may seem like a challenge, Forbes Advisor is here to help.
In other words, having a credit score of 800 puts you within the top credit score range and will help you qualify for the best terms, whether it's for a mortgage or a personal loan.
Here is a breakdown of how credit score ranges can impact your mortgage interest rate: 760 and above: To get the best rate possible on a mortgage, you will need a score of 760 or above.
Credit scores range from 300 to 850. Your score changes over time. It goes up when you make payments on time and keep your debt low. It can go down if you miss payments or owe a lot of money.
Below, you can check which credit score range you fall into, using estimates from Experian. FICO Score. Very poor: 300 to 579; Fair: 580 to 669; Good: 670 to 739; Very good: 740 to 799; ...
The two credit scoring models—FICO Score and VantageScore—have slightly different ranges for good credit scores, but in general, anything over 670 can be considered good.