What are credit scores?

Credit scores are three-digit numbers that represent an individual's creditworthiness. Creditworthiness is a measure of how likely you are to repay your debts and manage credit responsibly. In Canada, credit scores range from 300 to 900, with 300 being the lowest possible score and 900 the highest. Generally, the value of your score is as follows:

  • Excellent: 760 and above
  • Very good: 725 to 759
  • Good: 660 to 724
  • Fair: 560 to 659
  • Poor: 300 to 559

Three ways to build your credit history

  1. Credit Building – use a KOHO line of credit
  2. Flexible Credit Building – use a secured line of credit
  3. Supercharge your credit – use both

Whichever you choose, there’s no interest, no applications, and guaranteed approval.