Improving your credit score

For most lenders, the credit score on your credit bureau is the single most important determinant of your ability to access credit.  It can also affect the rate of interest you are charged when you borrow.  It is well worth your time to ensure that you maintain a good credit score.

It is easy to check your credit score.  There are two major credit bureaus in Canada - Equifax (www.equifax.ca) and Transunion (www.tuc.ca) .  In Western Canada, Equifax is the more commonly used one.  You should be able to access your credit score online for a  small fee.

If your credit is not good and you plan to obtain a mortgage in the next few months, it is very important that you get a copy of your credit bureau.   I can coach you on how you can improve your credit score so that you can obtain the best rates possible.