How opening and closing credit cards can affect your credit score Your credit score can impact what loans you qualify for, the interest rate you’ll pay, what you can afford, where you work, and ...

If a credit report is your elementary-school report card, then your credit score is the circled B+ written in red ink at the top. “Your credit score is a literal number, between 300 and 900, an ...

In Canada, credit scores can be as high as 900 and as low as 300, but don’t worry: if you’ve never had credit activity — a credit card or loan, or instance — you won’t start at 300.