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Understanding your credit score – how does it work?

Understanding your credit score is a big step towards improving your credit rating.

 Watch this video to get some valuable tips on understanding what determines how your credit score is rated in Ontario.

credit score

If you have bad credit or no credit, then you need to understand how your credit score works— before you start to improve your credit. Clear understanding of credit score will not only help you to improve your credit rating, but in future you will more cautious about protecting your credit history. This is very important. Having a good credit score is crucial for your financial life. Whether you are planning rent a place or buy a house — the first thing you need is good credit showing responsible payment history.

Like our video? Then join Prudent’s free smart money club for tips on personal finance for people with bad credit in Ontario.

JOIN FREE SMART MONEY CLUB

JOIN FREE SMART MONEY CLUB

 

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