From checking your credit score too often to carrying a credit card balance, we're taking the mystery out of how credit scores work can help you boost your rating ...

Your score is generated from your credit report by the two major Canadian credit bureaus: Equifax and TransUnion. The credit bureaus collect information about your payment history from your creditors.

TORONTO, November 20, 2024--New annual data from FICO, the global analytics software leader, shows that the average FICO® Score for Canadian consumers has dropped two points from April 2023 to 760.

Credit rating agency Equifax points to high interest rates and rising unemployment as driving Canadian credit card debt to $122 billion, its highest level since 2007. Canadian consumer debt hits ...