Type p〽 Your credit score, a number between 300-900.What does it all mean? 💵Your credit score is a number that banks and financial institutions use to determine how risky it is to lend you money. You can think of it like a financial report card. ❓Did you know that you can have no credit score at all? This is not from having poor credit, but from having no credit. You might think that having no credit card at all is great because you have no debt. Really, you do need to show that you can handle debt and pay it back. You do need to show that you have had credit to get a credit score.👉Just getting started? If you're new to Canada or you're just starting out, just get started with a credit card and move from there. All loans are reported on your credit report as well as any late payments. Using your credit card to buy groceries and essentials and then paying back the funds on time works wonders for building credit. Using a line of credit from time to time is a good idea too. Tips to becoming a credit star:🤩Always make your payments on time. Set up automatic payments with your online banking or set reminders for yourself using a calendar. 🤩Take credit when you're offered it. Maybe you don't need a $20,000 limit credit card, but having one without any late payments shows you're a trustworthy client. 🤩Keep your balances low. Only use around 10% of the credit available to you. Why does your credit score matter?🙂To access best interest rates on your mortgage🙂650 is typically the minimum score for conventional lenders when purchasing a home🙂680 is typically the minimum score required to refinance your homeHave credit questions? Get in touch at 306-280-0054.#MortgageProfessional #MortgageAgent #MortgageBroker #Credit #CreditHelp #CreditTips #CreditScore #HomeOwner #HomeBuyer #Refinance #Mortgage #InterestRates #FinancialLiteracy #Saskatoon #SaskatoonBusiness #YXEage body text here...