National average credit scores in Canada. In a November 2024 blog post, FICO reported that the average credit score in Canada was 760, two points lower than the average it reported in 2023.

The definition of a good credit score depends on the reporting agency, but generally, ... (FICO) reported in November 2024 that the average credit score in Canada was 760.

Average credit utilization for the Canadian credit consumer has followed a similar trend, and is now at 28.4 per cent, just 0.3 per cent shy of pre-pandemic credit utilization levels. Why ...

The most common credit scores feature a scale of 300 to 900 in Canada. On that scale, a credit score between 660 to 724 is generally considered ... If you have an average credit score or worse, ...

The standard listed purchase interest rate in Canada on most credit cards is 19.99% or 20.99%. The average runs between 19.99% and 25.99%. The Bank of Canada monitors the average interest rate ...

Canadians between the ages of 18 and 25 bucked national trends, improving their average credit score by 11 points in the last decade, according to a report from Equifax Canada.

Average Canadian credit score improved during pandemic, Borrowell study finds. ... National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the ...

Curious how to build a credit score in Canada? REW.ca dives into how the value is calculated: somewhere between 300 and 900, and why it's important. ... A credit score is calculated on a scale between ...

This means that someone with three credit cards, each with a $10,000 limit and a $3,000 outstanding balance, may have a better credit score than someone earning the same income who has a $600 ...

A credit score is a three-digit number that tells lenders how well you handle credit. Though Canada’s two major credit bureaus, Equifax and Transunion, are silent on their exact scoring methods ...