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Canadian credit guides
Everything you need to understand, build and protect your credit in Canada, organized by topic.
New to credit, rebuilding after a rough patch or trying to pay down a balance? Pick the section that fits and work through the guides in order. Each one is written in plain English with Canadian rules, lenders and examples.
1. Credit scores & reports
Understand the number lenders see and the file behind it.
What is a good credit score in Canada?The 300 to 900 range, what each level means and how to move up.How to check your credit report for freeGet your Equifax and TransUnion reports and fix errors.All credit score articlesBrowse everything in this topic.
2. Credit cards
Use cards to your advantage and avoid the expensive traps.
What minimum payments really costWhy paying the minimum can take decades, and what to do instead.Credit utilization and the 30% ruleHow your balances affect your score and how to lower them.Credit card payoff calculatorSee your debt-free date and total interest.
3. Debt management
Options for paying down balances faster, from simple to structured.
Debt consolidation options comparedLoans, balance transfers, credit counselling and consumer proposals.Plan your payoffTry different payments and rates.All debt management articlesBrowse everything in this topic.
4. Building credit
For students, newcomers and anyone starting over.