Note: This example is for illustration purposes only and may not include all information typically provided in a credit report or score. FCAC has modified the presentation for online display. This example may not appear in exactly the same way as the credit report or score you receive from a credit reporting agency.
This consumer has a credit score of 750 which is considered very good.
Fourteen percent of consumers have scores in the same range as this consumer.
For information on the factors that affect your credit score, see the section “How to improve your credit score”.
What’s Impacting Your Score
Below are the aspects of your credit profile and history that are important to your Equifax credit score. They are listed in order of impact to your score - the first has the largest impact, and the last has the least.
The Bottom Line :
Lenders consider many factors in addition to your score when making credit decisions. However, most lenders would consider you to be a very low risk. You may qualify for a variety of loan and credit offers at some of the lowest rates available. If you’re in the market for credit, this is what you might expect:
It is important to understand that your credit score is not the only factor that lenders evaluate when making credit decisions. Different lenders set their own policies and tolerance for risk, and may consider other elements, such as your income, when analyzing your creditworthiness for a particular loan.
______________________Source: Equifax Canada