Credit Report, Credit Score and Credit Rating
- Credit Report: shows a snapshot of your credit history and is used to create credit scores and/or ratings.
- Credit Score: shows how much of a risk you could be to a lender. Some credit reporting companies use a scale from 300-900 and the higher the number, the better your chances of getting a loan.
- Credit Rating: shows whether or not you pay your bills on time on a scale from 1-9. A rating of “1” is optimal and most attractive.
Equifax 1-800-465-7166 www.equifax.ca
Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form. To learn more please visit our YouTube channel. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.