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June 27, 2001
By
Kristen McCarthy
Website:
http://www.1st-choice-credit-cards.com
>
What is a credit rating Canada?
Credit rating, Canada, is a statement on Canadian credit reports that is meant to give a potential lender an indication of the risk factor of a borrower. Credit ratings essentially determine the outcome of a loan, lease or credit card application.
Credit rating, Canada, has a scale for evaluating your credit history into a sum total, or score. This effectively tells businesses or credit granters your overall credit worthiness. There are usually three categories using, ‘high’, ‘middle’, or ‘low’ to rate your credit standing. There are different ratings for different areas including; loans, credit cards or short term debts.
The easiest way to receive a copy of your credit rating, Canada, is to visit a branch office of one of the two bureaus, Equifax or Trans Union. These can be found in most major Canadian cities in provinces like BC, Alberta or Ontario. If you don’t have easy access to a major city, contact the bureau via mail or fax.
Before you apply for a major loan, it is wise to check where your credit rating stands. Knowing your Credit rating, Canada, will make the process more smooth and efficient.
For
more information on credit rating canada - click here!
> About The Author:Kristen McCarthy is a successful author and the
publisher of http://www.1st-choice-credit-cards.com. A one-stop resource for free online credit reports, agency issues and information on your personal business credit report. *Webmasters,
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