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Education and Credit Blog by Merritt Financial

Credit and debt is a complicated subject. There's a lot to know, and that's why we will post information, articles, and advice about credit, debt, loans, and financing.

The Credit Score Story

October 20, 2015 9:04 am

A credit score in Canada is a three digit mathematical equation, which represents a person’s credit risk and credit worthiness to a prospective lender. The information collected for this score is based on many variables, and can be positively impacted by actions that demonstrate optimal credit responsibility and adversely, if credit is not managed appropriately. The scores usually range from 300 to 900, with the latest being the best. Lenders and industry professionals refer to the score under many different... View Article