FREE CREDIT SCORES vs. LENDER CREDIT SCORES

Описание: It has never been easier to check your credit score for free in Canada. Companies that offer free credit scores are popping up all over the place, but what's the catch. Well, getting your score for free comes with potential strings attached, especially when you are getting it from companies like Credit Karma, Borrowell, and Mogo. Your free credit score is a loss leader as those companies hope that they will be able to hook you into applying for a credit card or loan either with them or with one of their partner companies.

In this video we compare the credit score obtained at three free credit score companies with that of a score provided by a banks mobile banking app, credit reports bought directly from Canada's two big credit reporting agencies, and a score obtained for the purposes of getting a mortgage. You won't believe the range of fico scores we found for the exact same client.

#CreditScore #Credit #CanadianFinance #PersonalFinance #Borrowell #CreditKarma #CreditCheck #Mogo #Equifax #Transunion

The presenter has taken great care in preparing
this video, however makes no representations or warranties with
respect to the accuracy or completeness of its content. The contents
of this video should not be considered a substitute for
professional financial advice. Please consult a financial professional
before implementing any of the strategies described in
this video. The presenter shall not be held liable
for any loss of profit or any other financial damages, including
but not limited to special, consequential, incidental, or other
damages.