If you have ever applied for a loan to finance a house, car, or university tuition, then you probably know that lenders have a keen interest in your credit score.
In Canada, your credit score is a number between 300 to 900. It tells lenders about your creditworthiness. In other words, it tells them whether or not you are responsible enough to pay back a loan. The higher the score, the more likely they will lend you money, and the more likely you will pay a lower interest rate.