Frequently Asked Questions About FICO® Scores in Canada - French
Common questions about credit scoring, FICO Scores, and the practices for understanding FICO Scores
FAQ
An introduction to credit scoring and FICO Scores in Canada including the five key ingredients considered in the credit scoring model – payment history, amount owed, length of credit history, credit mix, and new credit. Understanding FICO Scores and best practices for credit health as well as additional information by credit types like mortgage, credit cards, and student loans.
- Credit scoring including Canadian customer reporting agencies, credit files, credit inquiries, credit risk, and scoring factors.
- Why FICO Scores matter, minimum scoring requirements, why consumers have more than one FICO Score, and what constitutes a positive credit score
- How FICO® Scores are calculated from the credit data on a consumerís credit reports considering 5 characteristics.
- Understanding your FICO Score to recognize what helps your credit score.
- Common questions by credit type including how lenders use FICO® Scores to help them make lending decisions.
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