Credit Building

Where Do You Fall On The 1-9 Scale?

In your credit report each credit item will have a letter and a number. The letter describes the type of credit item it is, like a mortgage (M) or revolving/recurring credit (R), which includes credit cards. The number tells people looking at your credit report how timely you are paying those items. Your lenders will rate your accounts on a scale from 1-9 indicating whether or not you’re paying those items as agreed to, and to what extent.

It’s important to pull your credit report at least once a year to know where you stand, credit-wise, especially when you consider how much power your credit score has over major events in your life, such as buying a home, a car, or paying for your education.

You can contact Equifax or TransUnion to get a copy of your credit report, but it won't include your score. You'll have to pay extra for that. Or you can get your credit score for free during a  with us.

Got My Report. Now What?

If you have a recent copy of your credit report and there are credit items in there that are either in collections or you're having difficulty paying, you can fill out our Free Debt Assessment or call us 1.800.267.2272 to book a free appointment with one of our certified credit counsellors.

They will review any debts you owe, as well as your monthly expenses, and then discuss different options you might have depending on your financial goals - whether it’s getting rid of your debt, improving your credit, buying a home within a few years, or all of the above.