17 - How to Obtain a Good Credit Score

Your credit rating is a score that is used by potential lenders that tells them how much of a credit risk you may be. Most people know they need a good credit history to give them a good credit score. Few of us know how the scoring system works or what we can do to improve our ratings. In today's podcast Licensed Insolvency Trustee, Francyne Myers of Allan Marshall & Associates, sheds some light on this subject. She explains what a good credit score is and how to obtain one. A few of the other topics discussed are:

• Why it is important to have a good credit score and how to increase it
• What a ‘good’ score is versus a ‘bad’ score
• Why your bank may turn you down even with a high score
• Indicators that there are mistakes on you credit report
• The difference between the major reporting services and companies like Borrowell and Credit Karma

Licensed Insolvency Trustees can help you take control of your debt. They are considered some of the best financial advisors in the country and the only ones licensed by the federal government of Canada. 

In 2012, Francyne left her 23 year public service career and joined Allan Marshall & Associates where she completed her education and became a Licensed Insolvency Trustee in 2013. Alongside with her work she is actively involved in her local Trustee Association. In her spare time Francyne can be found fishing and spending time with her family.

• Allan Marshall & Associates - Licensed Insolvency Trustee
• What Is a Good Credit Score in Canada?
• What Does Your Credit Report Say About You?