Your Credit Score in Canada Explained - And How to Improve It!. For More Info: http://www.facebook.com/perrymortgages
Your credit score indicates to a lender your repayment history on credit accounts like auto loans, credit cards, and lines of credit. A bank uses your credit score to assess your likelihood of defaulting on a mortgage. Typically, a bank will look at a number of factors with respect to your credit history. For example, past bankruptcies or accounts sent to collections will ultimately indicate to a lender that you are a high-risk borrower.
Find out your own credit score here (in Canada only): http://www.consumer.equifax.ca/home/en_ca
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