Marie-Christine Daignault | Desjardins Group
Everyone knows that lenders check the famous "credit score" before approving applicants for financing. But did you know that a potential landlord or future employer can also check it?
In life, as with finances, it's important to make a good impression. And to do that, you need to educate yourself and keep your eyes open.
Your challenge: check your credit file
Step 1: Anyone can get a copy of their credit file at any time by mail by requesting it from a credit reporting agency like Equifax or TransUnion. You'll need to pay to get an online report, but if you have a Student Cash Back credit card, you can get one free of charge.
Step 2: Check that all the information in it is accurate and up to date. If there's a mistake, contact the credit reporting agency to make the necessary changes.
Step 3: Evaluate the quality of your credit score. Understanding everything in your credit file starts right here!
Step 4: Make a good impression (keep calm and budget on).
5 practical tips for improving your credit score
1. Pay your credit in full every month by the due date.
2. Pay your bills on time (including your cellphone).
3. Borrow only as much as you can afford and pay it back as soon as possible.
4. Avoid NSF cheques.
5. Make the most of your credit card.