Tag: creditworthiness assessment
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How Credit Inquiries Affect Canadians: Frequently Asked Questions
pboo.net
Credit inquiries are a common part of the credit process. Here are FAQs about how credit inquiries affect Canadians: 1. What is a credit inquiry? A credit inquiry is a request to view your credit report. There are two types: “soft inquiries” and “hard inquiries.” 2. What is a soft inquiry? A soft inquiry occurs… Read more
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Understanding Credit Scores: Everything You Need to Know to Improve Your Financial Health
pboo.net
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