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Credit

OUT OF SIGHT… OUT OF MIND?
MORE THAN HALF OF CANADIANS HAVE NEVER CHECKED THEIR CREDIT SCORE

Many Canadians are unaware how their financial behavior may be affecting their overall credit standing and the impact that can have on getting approved for a mortgage or a lease. This is according to a new BMO Bank of Montreal report. More than 56% of Canadians have never checked their credit score and only 14% check at least once a year. Almost 31% lack knowledge about how to achieve a good credit rating. Over 52% of Canadians do not know what would be considered a good credit score which is between 680 to 720 says Tim Tintinalli, Regional Vice President,…

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