Global news item on credit scores

Global News had published a new article titled “3 Things You Probably Didn’t Know About Your Credit Score”.

The article, written by Erica Alini stresses that no-one really knows exactly how credit scores work:

For obvious reasons, Canada’s two credit-reporting agencies, Equifax and TransUnion, do not reveal the exact formula through which they come up with credit scores. If they did, it would become easy for anyone to game the system.

It goes on to discuss some of the ways consumers try to improve their credit scores, and whether those strategies will actually work.

Read the full article here.