What is your Credit Score?

Excellent 724+

You are considered the elite of borrowers. You pay your bills on time and pay off your credit cards as soon as possible. You have not missed payment on any bills and have a stable income. Overall, your finances are managed excellently.

Good 660 - 724

You have a clean credit history. However, may have a few late payments in the past. You do a good job of paying at least the minimum payment on your credit card but may carry a balance. Overall, you manage your finances well. You may also have a limited credit history.

Fair 560 - 659

You have run into a few issues paying your bills and have missed some payments. You have likely been sent to collections. In the past your credit score was good however the missed payments have impacted your credit score. You may also carry several credit cards with high balances.

Poor 300 - 559

You fall in the worst credit scoring range. You have missed payment consecutively and have likely been sent to collections by multiple vendors. You may be in and out of employment or have recently faced a Bankruptcy or Consumer Proposal.

What is a Consumer Proposal?

A Consumer Proposal is an arrangement that’s negotiated with your creditors through a Consumer Proposal administrator (who is also a Licensed Insolvency Trustee). It’s an alternative to personal bankruptcy.