Build a Perfect Credit Score

From thin file to 850 — the full playbook.

Module 1 of 10

What a credit score actually is

What you'll learn

Canadian scores run 300-900
Equifax and TransUnion are the two bureaus
Your score is a probability — 'how likely you are to repay'
Lenders pull one or both bureau scores when you apply

The Canadian number

~672

Average Canadian credit score

Source: Equifax 2024

The story

Your credit score is nothing more than a lender's guess at the probability you'll pay back a loan. The math is proprietary, but the inputs are public: payment history (35%), utilization (30%), length (15%), mix (10%), new credit (10%). Master those five and you master the score.

This week's action

Pull your free credit report from Equifax and TransUnion today — it's your right, it's free, and you need to know your starting number.