I Just checked my credit score

[max_boost]

772 here

You beyonders are dynamic.

[FraserB]

For "active trade lines", what are they looking for? When I go to apply I'll have a small amount of my truck loan remaining, my VISA, my emergency MC ($500 limit and never used) and my LOC. Would that qualify as 4 or would they only count the truck loan?

[JRSC00LUDE]

Woooo, I gave into the meaningless pissing contest and got an 850! haha

[ExtraSlow]

Originally posted by FraserB
For "active trade lines", what are they looking for? When I go to apply I'll have a small amount of my truck loan remaining, my VISA, my emergency MC ($500 limit and never used) and my LOC. Would that qualify as 4 or would they only count the truck loan?

That's four in my book. I think "active" just means open accounts.

[max_boost]

Originally posted by ExtraSlow

That's four in my book. I think "active" just means open accounts.

So anyone over 900? lol

[toyboy88]

Couples good links:

http://www.ic.gc.ca/eic/site/oca-bc....g/ca02179.html

^From the government of Canada, explaining different between 'free' and paid options, and additional info about things on the credit score/report.

http://www.cbc.ca/news/canada/how-to...port-1.1185975

^From CBC, great FAQ-type article that answers alot of questions in this thread.

[ExtraSlow]

I used to be in the 850 range, wife was always 10 points higher. Haven't checked in a while, I'm sure I'm lower now, as I have a lot more open credit accounts.

[NoSup4U]

Originally posted by max_boost


So anyone over 900? lol

Considering it tops out at 900.......I'm sure many people in Calgary will say they are

[JLau]

Originally posted by ExtraSlow
I used to be in the 850 range, wife was always 10 points higher. Haven't checked in a while, I'm sure I'm lower now, as I have a lot more open credit accounts.

you sure have a very very high beacon. I do credit apps all day and everyday, I have only seen 2 customers over 850 in the past 3 years.

[JLau]

Originally posted by max_boost


So anyone over 900? lol

900 is the highest possible score Sam lol

[mortgagelady]

Originally posted by FraserB
For "active trade lines", what are they looking for? When I go to apply I'll have a small amount of my truck loan remaining, my VISA, my emergency MC ($500 limit and never used) and my LOC. Would that qualify as 4 or would they only count the truck loan?

Yes Fraser B you would have 4 trades - they sound good though. You can have more than two as long as they are in good standing. The idea behind 'at least two' is that lenders want to see that you have the ability to manage credit, ie. more than one.

They also prefer that the limits not be too low. I've had clients declined when they only had two credit cards with $500 limits each.

It sounds like you're probably in good shape. It's a good idea to start talking to a mortgage broker 6 - 12 months before you are ready to buy. A good broker will do a review of your credit for you and if there is anything that could be improved they'll let you know (leaving you plenty of time to fix it). (I can help if you'd like.)

[mortgagelady]

Regarding credit scores, I look at equifax. The difference between an excellent score in the 700's and a score in the 800's is having long account history. A trade line or two that you've had open and active for a decade or longer will give you extra points... so that means don't close that (first) credit card that you've had forever.

[Toma]

832

[artieg30]

789!

it was funny I was having a similar chat about this with a buddy of mine that is a lawyer and his score is 576... don't know how that's even possible as he rakes in more than 150k a year and at any given time he'll only have a couple thousand in his checking account. He doesn't seem like he has a drug problem and he seems to be on time with his bills. What's even funnier is he just got approved for a car loan with BMW FS for a $90,000 vehicle, insane!

[woodywoodford]

This may have been discussed, but is there any rule on how often one should check their credit? I mean if I check once a month, or every 6 months or something, is that going to have any impact on my score?

[flipstah]

I'll check mine again next year to see if me cancelling two cards that have no balance made a +/- difference to my credit score.

[sabad66]

Originally posted by woodywoodford
This may have been discussed, but is there any rule on how often one should check their credit? I mean if I check once a month, or every 6 months or something, is that going to have any impact on my score?

Personal enquiries don't have a negative impact from what I understand.

[403ep3]

I'd like to know if personal enquiries have an impact too. I checked before I bought a house and now I wanna see how it is

[Tripz]

Originally posted by 403ep3
I'd like to know if personal enquiries have an impact too. I checked before I bought a house and now I wanna see how it is

Personal enquiries do not hurt your credit.

http://blog.equifax.com/credit/will-...-credit-score/

[403ep3]

Interesting.. I dropped about 35 points since April.

In that time I got a new CC, signed up Telus tv/net, and got a mortgage.