Credit score
A number, typically between 300 and 900 in Canada, that summarizes your creditworthiness according to the Equifax and TransUnion credit bureaus.
A credit score is calculated from your credit history: whether you pay on time, how much you owe, how long you have held your accounts, and how many recent applications you have made. The higher the score, the more reliable you appear as a borrower.
Lenders check your score to decide whether to approve a loan and at what interest rate; learn how to understand and improve it. You can request your credit report free of charge from Equifax and TransUnion to confirm the information is accurate.