The Credit Library blog
Credit, explained, one article at a time
Practical, plain-English answers on credit scores, credit cards, paying down debt and building credit in Canada.
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Debt Consolidation in Canada: Your Options Compared
Consolidation loans, balance transfers, lines of credit and consumer proposals compared, with a real example of how much a lower rate can…
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How to Build Credit in Canada From Scratch
New to Canada, a student or never borrowed? Here’s how to choose your first credit product, use it the right way and…
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Credit Utilization in Canada: How the 30% Rule Works
Credit utilization is one of the fastest ways to move your score. Here’s how it’s calculated, why 30% matters and six ways…
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Credit Card Minimum Payments in Canada: What They Really Cost
Paying only the minimum on $3,000 at 20.99% can take over 18 years. Here’s how minimum payments work in Canada and how…
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How to Check Your Credit Report for Free in Canada
You can get your Equifax and TransUnion credit reports free, and checking won’t hurt your score. Here’s how to get them, what…
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What Is a Good Credit Score in Canada? Ranges Explained
Canadian credit scores run from 300 to 900. Here’s what counts as good, what lenders see at each level, and the habits…