Category Archives: Credit Score Education Centre

the importance of on time payments

The Importance Of On-Time Payments

You may have heard that making on-time payments is the key to having a good credit score. But just how important is it to make your payments on time? The importance of on-time payments Making payments on time, also known as… Read More

Robert Palumbo

October 18, 2018

Blog,Credit Score Education Centre
what is a credit report

What Is A Credit Report And Why Is It Important?

What is a credit report? If you know, then you may be thinking why you should bother with a credit report when you know your credit score. That’s all you need, right? Well, you couldn’t be more wrong! If you’ve… Read More

Michelle Summerfield

October 1, 2018

Blog,Credit Score Education Centre
what is credit utilization

What Is Credit Utilization?

One of the most important factors that determine your credit score is your credit utilization, but many Canadians don’t know what it is! Did you know your credit utilization determines 30% of your credit score? So, what is credit utilization?… Read More

Robert Palumbo

September 20, 2018

Blog,Credit Score Education Centre
repair my credit

How Long Does It Take To Repair My Credit?

If you’re looking to get your financial house in order, you may ask yourself: “How long does it take to repair my credit?” It takes time – but it is possible! There are three common mistakes that can negatively impact… Read More

Daniel Teo

September 6, 2018

Personal Finance,Blog,Credit Score Education Centre
Difference Between Hard And Soft Credit Inquiries

What’s The Difference Between Soft And Hard Credit Inquiries?

You may be wondering, “what’s the difference between soft and hard credit inquiries?” Well, it relates to your credit score. Your credit score is a complex number. A large portion of your score depends on how often you make on-time payments and… Read More

Daniel Teo

August 1, 2018

Blog,Credit Score Education Centre
zero credit score

I Have A Zero Credit Score – Now What?

Capital One® is a proud partner of Borrowell.  Tens of thousands of Canadians get their free credit score from Borrowell every single day. But sometimes, all they see is a zero credit score! How could this be? It’s a bit… Read More

Rachel Surman

July 18, 2018

Credit Score Education Centre

What’s The Difference Between Installment And Revolving Credit?

Borrowing against credit is helpful – it lets us make big purchases and cover unexpected expenses while paying for it with future income. Misusing credit, however, can negatively impact your credit score and your future ability to borrow money when… Read More

Daniel Teo

June 22, 2018

Blog,Credit Score Education Centre,Personal Loans
free credit monitoring

Study: Monitoring Your Credit Score Can Help Improve It Over Time

A study conducted by Borrowell, Canada’s leading credit monitoring company, has found a positive relationship between the frequency of credit score monitoring and credit score increase over time. Drawing from user data, the study also reported that customers with lower… Read More

Rachel Surman

February 21, 2018

Blog,Credit Score Education Centre
Credit score myth

The Top 3 Credit Score Myths: Busted!

Building good credit after a financial setback is not an easy task. While it can be tough to sort through all the information available, challenging your assumptions is a good place to start! Look out for these credit score myths… Read More

Daniel Teo

January 8, 2018

Blog,Credit Score Education Centre
Credit Monitoring

3 Reasons Why You Should Monitor Your Credit Score

Knowing your credit score is important. But what’s even more important than simply knowing your score? Monitoring your credit score over time! Our data shows that Borrowell customers who frequently monitor their credit score actually improve their score by more… Read More

Rachel Surman

October 25, 2017

Credit Score Education Centre