Tag: credit scoring models

  • Canadian Credit Myths Busted: FAQs and Facts

    Canadian Credit Myths Busted: FAQs and Facts

    There are many myths about credit in Canada. Here are FAQs to bust common credit myths and reveal the facts: 1. Myth: Checking my credit score will lower it. Fact: Checking your own credit score is a soft inquiry and does not affect your score. 2. Myth: Carrying a balance improves my credit score. Fact:… Read more

  • Understanding Credit Scores: Everything You Need to Know to Improve Your Financial Health

    Understanding Credit Scores: Everything You Need to Know to Improve Your Financial Health

    In today’s financial landscape, your credit score plays a crucial role in determining your access to loans, credit cards, and even housing. Understanding what goes into your credit score can empower you to make informed decisions that positively impact your financial future. Let’s delve into the key components of credit scores and how you can… Read more