Is 855 a good credit score in Canada?

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Scoring an 855 credit score in Canada places you in an elite financial group. This excellent credit score unlocks premium financial perks like top-tier credit cards with great rewards and loans with low-interest rates. You can enjoy higher credit limits and easier access to mortgages or personal loans. Reach out via phone, text, or live chat if you have any questions!

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855 Credit Score Canada Question

Is 855 a good credit score in Canada? I’d like to know how an 855 credit score is perceived in Canada. Does it give me access to the best financial products and rates?

From: Anonymous Question
Location: Oakville, Ontario (ON)
Category: credit rebuilding

855 Credit Score Canada Answer

If you’ve hit an 855 credit score in Canada, you’re in the financial elite—like really, it’s top-notch status. This score is the gold star within the 741-900 range, where most lenders slap on the “excellent” badge. With this powerhouse score, you can expect access to some pretty sweet financial goodies. Think premium credit cards loaded with juicy rewards, loans that don’t gouge you with sky-high interest rates, and the ability to request higher credit limits without breaking a sweat. Lenders will be rolling out the red carpet, making it easier to snag those big-ticket items, whether that’s a dream home through a mortgage or a personal loan for that next adventure.

From: Insider Scott

Office of the Superintendent of Bankruptcy (OSB) Answer

An 855 credit score is considered excellent in Canada. Credit scores typically range from 300 to 900, with scores above 750 generally deemed to be excellent. With an 855 score, you would likely have access to the best financial products and interest rates, making it easier to secure loans and credit at favorable terms. Financial institutions view such a high score as a strong indicator of your creditworthiness and reliability as a borrower.

From: OSB Helper

Related Questions to If 855 Is A Good Credit Score In Canada

Here are the top 5 most frequently asked questions related to the topic of credit scores, particularly focusing on a score of 855, based on current trends and concerns in Canada:

1. What is a good credit score?

A good credit score typically ranges from 660 to 724.

2. Is 855 an excellent credit score?

Yes, a credit score of 855 is considered excellent.

3. How do I check my credit score for free?

You can check your credit score for free through Equifax, TransUnion (for Quebec residents), and various third-party service providers like Borrowell and the Big Banks.

4. What are the benefits of having an excellent credit score?

Having an excellent credit score provides access to lower interest rates, better credit terms, higher credit limits, and top-tier financial products.

5. How can I maintain or improve my credit score?

To maintain or improve your credit score, focus on making on-time payments, keeping a low credit utilization rate, and minimizing new credit applications[2][4][5].

If you have a question about debt see our debt questions or ask your own debt related question.

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