Credit Rating

[KAVIE]

Hey Guys!

Does anyone know how to check their credit rating, if so what does it cost? Also how does the scoring system work, what would be a good score? Lastly is it true if you check your credit rating it lowers your score?

Thanks

Kavie

[dodad]

get to know someone that can check it and put good info on the credit br. A bonus.

[benyl]

read...

http://forums.beyond.ca/showthread.php?s=&threadid=60265&highlight=credit+rating

[keith303]

ask you banker, 770 for me wooo

[oddjob]

Originally posted by keith303
ask you banker, 770 for me wooo

how old are you

[n03l]

oddjob erase some of your messages dude! your pm inbox is full!. Sorry about this i know its off topic

[oddjob]

done.

[Ajay]

You can get a pretty extensive one done by Equifax online for about $22. Have to have a credit card to do it though.

Gives you FICO score and everything.

[Xtrema]

Equifax gives it out for free by snail mail.

[TrevorK]

Originally posted by Ajay
You can get a pretty extensive one done by Equifax online for about $22. Have to have a credit card to do it though.

Gives you FICO score and everything.

They also offer a free one, however it's done through snail mail.

[Grip172]

cool...i might spend the $22 and get one

does it tell you what it means with the number? because 770 means nothing to me haha

[Xtrema]

Originally posted by Grip172
cool...i might spend the $22 and get one

does it tell you what it means with the number? because 770 means nothing to me haha

http://www.myfico.com/

The higher the score, the more trushworthy you are, the less interest rate you get when you borrow.

My FICO dropped a bit when I applied all these store credit cards at the same time to buy stuff for the home to take advantge of huge inital discounts/promotional offers.

[elmo909]

You have a 770? That means you have a really good credit rating, it's almost perfect infact.

[Xtrema]

Originally posted by elmo909
You have a 770? That means you have a really good credit rating, it's almost perfect infact.

No

https://www.econsumer.equifax.ca/ca/images/shared/fico_per_48.gif

770 is only average.

https://www.econsumer.equifax.ca/ca/images/localized/fico_6_en.gif

[elmo909]

my bad.

I don't know why my credit rating is so shitty. I have a 670 or so. I've never had a late payment or anything.

[Xtrema]

Originally posted by elmo909
my bad.

I don't know why my credit rating is so shitty. I have a 670 or so. I've never had a late payment or anything.

Time. 15% of the score is based on length of your history.

[elmo909]

........

[00CivicSi]

7 inquieries in a year isn't alot. Your allowed about 1 a month, anymore is a lil too much, I guess the less the better. It's also due to the length and how long your credit history is.

[pr0]

How often do reports update? When I pulled up mine last year it said my VISA had a 1000 balance but I paid that off weeks before and it said I owed too much to cards. :nut:

[00CivicSi]

The reports are random with different companies, some are a month like Rogers some are 2 or 3 months. Transcanadacredit is what I use and I pay extra for them sending me any notices, changes and updates on my credit.