{"id":670,"date":"2017-05-18T12:02:23","date_gmt":"2017-05-18T12:02:23","guid":{"rendered":"http:\/\/localhost\/mrc_blog\/credit-building\/credit-score-101\/"},"modified":"2025-07-20T14:29:37","modified_gmt":"2025-07-20T18:29:37","slug":"credit-score","status":"publish","type":"post","link":"https:\/\/myratecompass.ca\/blog\/credit-building\/credit-score\/","title":{"rendered":"Credit Score 101"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/myratecompass.ca\/blog\/credit-building\/credit-score\/#What_is_a_credit_score\" title=\"What is a credit score?\">What is a credit score?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/myratecompass.ca\/blog\/credit-building\/credit-score\/#What_is_a_credit_report\" title=\"What is a credit report?\">What is a credit report?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/myratecompass.ca\/blog\/credit-building\/credit-score\/#What_is_a_credit_rating\" title=\"What is a credit rating?\">What is a credit rating?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/myratecompass.ca\/blog\/credit-building\/credit-score\/#How_is_your_credit_score_calculated\" title=\"How is your credit score calculated?\">How is your credit score calculated?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/myratecompass.ca\/blog\/credit-building\/credit-score\/#How_to_find_out_your_credit_score\" title=\"How to find out your credit score?\">How to find out your credit score?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/myratecompass.ca\/blog\/credit-building\/credit-score\/#Credit_score_range\" title=\"Credit score range\">Credit score range<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/myratecompass.ca\/blog\/credit-building\/credit-score\/#Why_is_it_important_to_have_a_good_credit_score\" title=\"Why is it important to have a good credit score?\">Why is it important to have a good credit score?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/myratecompass.ca\/blog\/credit-building\/credit-score\/#How_to_build_credit_history_in_Canada\" title=\"How to build credit history in Canada?\">How to build credit history in Canada?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/myratecompass.ca\/blog\/credit-building\/credit-score\/#How_to_maintain_a_good_credit_score\" title=\" How to maintain a good credit score?\"> How to maintain a good credit score?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/myratecompass.ca\/blog\/credit-building\/credit-score\/#i\" title=\"\u00a0\">\u00a0<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/myratecompass.ca\/blog\/credit-building\/credit-score\/#How_to_rebuild_your_credit\" title=\"How to rebuild your credit?\">How to rebuild your credit?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/myratecompass.ca\/blog\/credit-building\/credit-score\/#Neo_Secured_Credit\" title=\"Neo Secured Credit\">Neo Secured Credit<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time:<\/span> <span class=\"rt-time\">4<\/span> <span class=\"rt-label rt-postfix\">Min<\/span><\/span>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"670\" class=\"elementor elementor-670\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-29fdbfa7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"29fdbfa7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-54d7f8a\" data-id=\"54d7f8a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4f8c19f8 elementor-widget elementor-widget-text-editor\" data-id=\"4f8c19f8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><em>Here&#8217;s everything you need to know about credit score basics: why it&#8217;s important, how to get it, and how to improve your score.<\/em><\/p><p><span style=\"font-weight: bolder;\">Fact:<\/span>\u00a0Two-thirds of the households in Canada have debt, according to a 2017 report by the Royal Bank of Canada. Household debt includes mortgages, lines of credit, car loans, personal loans, and personal debt. Because debt in Canada is ever increasing, it has never been more important to know about credit score basics.<\/p><p>\u00a0<\/p><h2 style=\"font-family: 'Open Sans'; color: #000000;\"><span class=\"ez-toc-section\" id=\"What_is_a_credit_score\"><\/span><span style=\"font-weight: bolder;\">What is a credit score?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2><div><span style=\"font-weight: bolder;\">\u00a0<\/span><\/div><p>A credit score is a three-digit number based on the calculations in your credit report. Your score represents how well you manage credit. In Canada, a score can range from\u00a0<span style=\"font-weight: bolder;\">300<\/span>\u00a0to\u00a0<span style=\"font-weight: bolder;\">900<\/span>. The higher your credit score, the better.<\/p><p>Lenders look at your credit score to gauge whether you \u00a0qualify for a loan or not. According to\u00a0<a href=\"https:\/\/go.myratecompass.ca\/transunion\" target=\"_blank\">TransUnion<\/a>,\u00a0<span style=\"font-weight: bolder;\">650<\/span>\u00a0is a good number. A score between\u00a0<span style=\"font-weight: bolder;\">575<\/span>\u00a0and\u00a0<span style=\"font-weight: bolder;\">649<\/span>\u00a0is considered \u201cfair\u201d but may not qualify you for the lowest interest rate. Anything above\u00a0<a href=\"https:\/\/beta.theglobeandmail.com\/globe-investor\/personal-finance\/home-cents\/why-is-my-boyfriends-credit-score-higher-than-mine\/article12398008\/\" target=\"_blank\" rel=\"nofollow noopener\">750 will not have a significant impact on a credit decision<\/a>.<\/p><p>\u00a0<\/p><h2 style=\"font-family: 'Open Sans'; color: #000000;\"><span class=\"ez-toc-section\" id=\"What_is_a_credit_report\"><\/span><span style=\"font-weight: bolder;\">What is a credit report?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2><div><span style=\"font-weight: bolder;\">\u00a0<\/span><\/div><p>A credit report is a document that contains factual and financial information about you. It lists all your credit accounts, including payment history, limits, and balances \u2013 even loans you&#8217;ve taken out in the last 6 years!<\/p><p>Your credit report is automatically created the moment you apply for credit for the first time. Lenders submit information about your application to credit bureaus (or credit reporting agencies).<\/p><p><span style=\"font-weight: bolder;\">The credit file may contain the following information:<\/span><\/p><ul><li>Registered items, such as a lien on a car<\/li><li>Bankruptcies and foreclosures<\/li><li>Actual inquiries made by credit grantors<\/li><li>Credit history and banking information<\/li><li>Non-sufficient fund payments<\/li><li>Consumer statements, identity verification alerts, fraud alerts, and other remarks<\/li><\/ul><p>\u00a0<\/p><h2 style=\"font-family: 'Open Sans'; color: #000000;\"><span class=\"ez-toc-section\" id=\"What_is_a_credit_rating\"><\/span><span style=\"font-weight: bolder;\">What is a credit rating?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2><div><span style=\"font-weight: bolder;\">\u00a0<\/span><\/div><p>A credit rating is another term for your credit score. It is calculated by credit reporting agencies using a formula based on your credit file. This changes over time as your report is updated.<\/p><p><span style=\"font-weight: bolder;\">Here are a few things to note in your credit rating:<\/span><\/p><ul><li>You get points for transactions that show you manage credit well.<\/li><li>You lose points for bad credit transactions (e.g. regularly missing payments).<\/li><\/ul><p>\u00a0<\/p><h2 style=\"font-family: 'Open Sans'; color: #000000;\"><span class=\"ez-toc-section\" id=\"How_is_your_credit_score_calculated\"><\/span><span style=\"font-weight: bolder;\">How is your credit score calculated?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2><p>\u00a0<\/p><p>\u00a0<\/p><div><span style=\"font-weight: bolder;\">\u00a0<\/span><\/div><p>There is little information provided on how credit bureaus calculate your credit score. CRAs consider this information their \u201csecret.\u201d However, they provide a list of factors that affect your credit rating. These are:<\/p><ol><li><span style=\"font-weight: bolder;\">Payment History \u2013\u00a0<\/span>A good record of on-time credit payments will boost your rating. Paying late will have a negative impact on your score. Delinquencies also have a similar effect.<\/li><li><span style=\"font-weight: bolder;\">Utilization and Balances \u2013\u00a0<\/span>A credit card balance above 50% of your credit limit will negatively impact your rating. Avoid maxing out your credit and aim for balances under 30%, according to TransUnion.<\/li><li><span style=\"font-weight: bolder;\">Credit History<\/span>\u00a0\u2013 You earn more points the longer you have your account\/s opened. Avoid closing any account if you plan on applying for a loan in the future.<\/li><li><span style=\"font-weight: bolder;\">Credit Inquiries<\/span>\u00a0\u2013 Too many credit inquiries and applications in a short timespan make it look like you are desperate for financial help. Avoid applying for credit unless you need it.<\/li><li><span style=\"font-weight: bolder;\">Credit Mix<\/span>\u00a0\u2013 A good combination of credit accounts and loans make a healthy credit profile. Try a mix of retail store cards,\u00a0<a href=\"https:\/\/myratecompass.ca\/loans\" target=\"_blank\" rel=\"noopener\">personal loans<\/a>, a\u00a0<a href=\"https:\/\/myratecompass.ca\/loans\/lines-of-credit\" target=\"_blank\" rel=\"noopener\">line of credit<\/a>,\u00a0<a href=\"https:\/\/myratecompass.ca\/mortgages\" target=\"_blank\" rel=\"noopener\">mortgage<\/a>, etc. instead of sticking to only\u00a0<a href=\"https:\/\/myratecompass.ca\/credit-card-comparison-tool\" target=\"_blank\" rel=\"noopener\">credit cards<\/a>.<\/li><\/ol><div><br \/><br \/><\/div><h2 style=\"font-family: 'Open Sans'; color: #000000;\"><span class=\"ez-toc-section\" id=\"How_to_find_out_your_credit_score\"><\/span><span style=\"font-weight: bolder;\">How to find out your credit score?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2><p>\u00a0<\/p><p>\u00a0<\/p><p>You can find out your credit score for a fee from these credit bureaus:<\/p><ul><li><a href=\"https:\/\/www.consumer.equifax.ca\/home\/en_ca\" target=\"_blank\" rel=\"nofollow noopener\">Equifax<\/a><\/li><li><a href=\"https:\/\/go.myratecompass.ca\/transunion\" target=\"_blank\" rel=\"noopener\">Transunion<\/a><\/li><\/ul><p>These companies collect, file, and share information on \u00a0how you manage credit in your credit report. Asking for your credit report is FREE when done via mail, telephone, fax, or in person. We recommend asking for your credit file at least once a year to avoid fraud and identity theft.<\/p><p>\u00a0<\/p><h2 style=\"font-family: 'Open Sans'; color: #000000;\"><span class=\"ez-toc-section\" id=\"Credit_score_range\"><\/span><span style=\"font-weight: bolder;\">Credit score range<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2><p><span style=\"font-weight: bolder;\">\u00a0<\/span><\/p><p><span style=\"font-weight: bolder;\">760-900:\u00a0Excellent<\/span><\/p><p><span style=\"font-weight: bolder;\">690-759: Good<\/span><\/p><p><span style=\"font-weight: bolder;\">660-689: Fair<\/span><\/p><p><span style=\"font-weight: bolder;\">560-659: Below Average<\/span><\/p><p><span style=\"font-weight: bolder;\">300-559:\u00a0Poor<\/span><\/p><p>\u00a0<\/p><h2 style=\"font-family: 'Open Sans'; color: #000000;\"><span class=\"ez-toc-section\" id=\"Why_is_it_important_to_have_a_good_credit_score\"><\/span><span style=\"font-weight: bolder;\">Why is it important to have a good credit score?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2><p>\u00a0<\/p><p>\u00a0<\/p><p>Your credit score is used by employers, landlords, utility companies, insurers, and lenders to assess your credit behavior. It is an important aspect of your financial profile because it affects decisions when:<\/p><ul><li>Applying for a job<\/li><li>Applying for a loan<\/li><li>Applying for an apartment or rental housing<\/li><li>Renting a vehicle<\/li><li>Getting insured<\/li><\/ul><p><span style=\"font-weight: bolder;\">\u00a0<\/span><\/p><h2 style=\"font-family: 'Open Sans'; color: #000000;\"><span class=\"ez-toc-section\" id=\"How_to_build_credit_history_in_Canada\"><\/span><span style=\"font-weight: bolder;\">How to build credit history in Canada?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2><p>\u00a0<\/p><p>\u00a0<\/p><p>Want to build your credit history fast? These strategies may help:<\/p><ol><li><span style=\"font-weight: bolder;\">Apply for a\u00a0<a href=\"https:\/\/myratecompass.ca\/credit-card-comparison-tool\" target=\"_blank\" rel=\"noopener\">credit card<\/a>.<\/span>\u00a0Get to know the different types of <a class=\"wpil_keyword_link \" title=\"credit cards\" href=\"https:\/\/myratecompass.ca\/credit-cards\/by-category\" data-wpil-keyword-link=\"linked\">credit cards<\/a> in Canada. Go for unsecured credit cards, if possible. If you&#8217;re not qualified for an unsecured card, then try\u00a0<a href=\"https:\/\/myratecompass.ca\/best-credit-cards\/best-secured-credit-cards-canada\" target=\"_blank\" rel=\"noopener\">secured credit cards<\/a>.<\/li><li><span style=\"font-weight: bolder;\">Get a mobile phone plan.<\/span>\u00a0Your post-paid subscription is one way credit bureaus track your payment history. There are phone carriers that don&#8217;t require your credit history upon application.<\/li><li><span style=\"font-weight: bolder;\">Get a\u00a0<a href=\"https:\/\/myratecompass.ca\/loans\/car-loans\" target=\"_blank\" rel=\"noopener\">car loan<\/a>\u00a0with a large deposit, if you can.<\/span>\u00a0Remember: A good credit mix gives a higher credit score.<\/li><li><span style=\"font-weight: bolder;\">Pay your balance full and on time.<\/span>\u00a065% of your credit score is based on your payment history and balances. If you can&#8217;t pay in full, make sure to pay\u00a0<em>at least<\/em>\u00a0the minimum before the due date as on-time payments still have a significant effect on your rating.<\/li><\/ol><h2 style=\"font-family: 'Open Sans'; color: #000000;\"><span class=\"ez-toc-section\" id=\"How_to_maintain_a_good_credit_score\"><\/span><span style=\"font-weight: bolder;\"><br \/>How to maintain a good credit score?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2><p>\u00a0<\/p><p>\u00a0<\/p><p>You can maintain a healthy credit score by reviewing your credit reports at least once a year. Just like a regular check-up from your doctor, a credit report review ensures that the information on your file is accurate. Using this tip, along with our strategies on building good credit history, will help you have a high score \u2013 and keep it that way.<\/p><h2 style=\"font-family: 'Open Sans'; color: #000000;\"><span class=\"ez-toc-section\" id=\"i\"><\/span><span style=\"font-weight: bolder;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2><h2 style=\"font-family: 'Open Sans'; color: #000000;\"><span class=\"ez-toc-section\" id=\"How_to_rebuild_your_credit\"><\/span><span style=\"font-weight: bolder;\">How to rebuild your credit?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2><p>\u00a0<\/p><p>\u00a0<\/p><p>So you made some bad financial decisions \u2013 and it&#8217;s affecting your credit. The good news is that you can rebuild your credit by following these tips:<\/p><ol><li><span style=\"font-weight: bolder;\">Lower your balances.<\/span>\u00a0Create a payment plan to reduce your credit balance to less than 50%.<\/li><li><span style=\"font-weight: bolder;\">Make sure that all information in your credit report is correct.<\/span><\/li><li><span style=\"font-weight: bolder;\">Contact the lender right away if you think you might miss a payment.<\/span>\u00a0You can ask for a free copy of your report by mail through Equifax and TransUnion.<\/li><li><span style=\"font-weight: bolder;\">Make sure you don&#8217;t miss payments<\/span>. Pay on time even when you just have to pay the minimum.<\/li><li><span style=\"font-weight: bolder;\">Open a\u00a0<a href=\"https:\/\/myratecompass.ca\/best-credit-cards\/best-secured-credit-cards-canada\" target=\"_blank\" rel=\"noopener\">secured credit card\u00a0<\/a>account or\u00a0<a href=\"https:\/\/myratecompass.ca\/loans\/secured-loans\">secured loan<\/a>.<\/span>\u00a0This will alert the credit bureaus of your credit habits, so you can gain positive points for your score.<\/li><\/ol><p>Remember, your credit score is not a measure of your worth as a person. With the knowledge of credit score basics, you can use this financial measuring tool to get you ahead on your plans.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d97e11b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d97e11b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3423ac1\" data-id=\"3423ac1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-bd9aeaa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bd9aeaa\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e15320d\" data-id=\"e15320d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-400b883 elementor-widget elementor-widget-heading\" data-id=\"400b883\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Neo_Secured_Credit\"><\/span>Neo Secured Credit<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cbee52d elementor-widget elementor-widget-text-editor\" data-id=\"cbee52d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>With <strong>guaranteed approval<\/strong>\u00a0and <strong>no annual fees<\/strong> you can start building your credit and earning unlimited, instant cashback.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e171d8d elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"e171d8d\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/go.myratecompass.ca\/neosecuredbanner\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Go to site <\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5abfd4e\" data-id=\"5abfd4e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bd6dd60 elementor-widget elementor-widget-image\" data-id=\"bd6dd60\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"406\" height=\"342\" src=\"https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/11\/neo-secured.png\" class=\"attachment-large size-large wp-image-11109\" alt=\"\" srcset=\"https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/11\/neo-secured.png 406w, https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/11\/neo-secured-300x253.png 300w, https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/11\/neo-secured-297x250.png 297w\" sizes=\"(max-width: 406px) 100vw, 406px\" style=\"width:100%;height:84.24%;max-width:406px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time:<\/span> <span class=\"rt-time\">4<\/span> <span class=\"rt-label rt-postfix\">Min<\/span><\/span> Here&#8217;s everything you need to know about credit score basics: why it&#8217;s important, how to get it, and how to improve your score. Fact:\u00a0Two-thirds of the households in Canada have debt, according to a 2017 report by the Royal Bank of Canada. Household debt includes mortgages, lines of credit, car loans, personal loans, and personal&hellip; <a class=\"more-link\" href=\"https:\/\/myratecompass.ca\/blog\/credit-building\/credit-score\/\">Continue reading <span class=\"screen-reader-text\">Credit Score 101<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[5],"tags":[21],"class_list":["post-670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-building","tag-blog-post-template-1-main-template-to-use","entry"],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",924,462,false],"thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",150,75,false],"medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",300,150,false],"medium_large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",750,375,false],"large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",750,375,false],"1536x1536":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",924,462,false],"2048x2048":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",924,462,false],"post-thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",924,462,false],"post-image-medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",397,199,false]},"post_excerpt_stackable":"<p>Table of Contents What is a credit score?What is a credit report?What is a credit rating?How is your credit score calculated?How to find out your credit score?Credit score rangeWhy is it important to have a good credit score?How to build credit history in Canada? How to maintain a good credit score?\u00a0How to rebuild your credit?Neo Secured Credit Reading Time: 4 Min Here&#8217;s everything you need to know about credit score basics: why it&#8217;s important, how to get it, and how to improve your score.Fact:\u00a0Two-thirds of the households in Canada have debt, according to a 2017 report by the Royal Bank&hellip;<\/p>\n","category_list":"<a href=\"https:\/\/myratecompass.ca\/blog\/.\/credit-building\/\" rel=\"category tag\">Credit Building<\/a>","author_info":{"name":"Mohamed Konate","url":"https:\/\/myratecompass.ca\/blog\/author\/mohamedkonate\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",924,462,false],"thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",150,75,false],"medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",300,150,false],"medium_large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",750,375,false],"large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",750,375,false],"1536x1536":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",924,462,false],"2048x2048":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",924,462,false],"post-thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",924,462,false],"post-image-medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg",397,199,false]},"post_excerpt_stackable_v2":"<p>Table of Contents What is a credit score?What is a credit report?What is a credit rating?How is your credit score calculated?How to find out your credit score?Credit score rangeWhy is it important to have a good credit score?How to build credit history in Canada? How to maintain a good credit score?\u00a0How to rebuild your credit?Neo Secured Credit Reading Time: 4 Min Here&#8217;s everything you need to know about credit score basics: why it&#8217;s important, how to get it, and how to improve your score.Fact:\u00a0Two-thirds of the households in Canada have debt, according to a 2017 report by the Royal Bank&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/myratecompass.ca\/blog\/.\/credit-building\/\" rel=\"category tag\">Credit Building<\/a>","author_info_v2":{"name":"Mohamed Konate","url":"https:\/\/myratecompass.ca\/blog\/author\/mohamedkonate\/"},"comments_num_v2":"0 comments","jetpack_featured_media_url":"https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2021\/10\/Rate-Compass-credit-score_127041410_original.jpg","_links":{"self":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/comments?post=670"}],"version-history":[{"count":8,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/670\/revisions"}],"predecessor-version":[{"id":11139,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/670\/revisions\/11139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/media\/671"}],"wp:attachment":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/media?parent=670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/categories?post=670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/tags?post=670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}