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It is no mystery: having a good credit score can go a long way in life. It has a major influence on our ability to get a loan or rent an apartment. Knowing your credit score is a crucial part of budgeting and managing your finances. But for too many Canadians, it’s not always easy to access that information. Thankfully, there is now a way to get absolutely free credit scores in Canada—no questions asked.

The ability to see your credit score without having to pay a fee is invaluable. Understandably, some Canadians are sceptical about how secure it is, but they needn’t be. Multiple companies such as Equifax and TransUnion are now offering appropriate measures to ensure consumer data is secure and that only the consumer’s information is being accessed. In addition, there are numerous protections in place to safeguard Canadians’ personal data.

Prior to the availability of free credit scores, some Canadians were at risk of becoming so-called ‘credit invisible’, meaning they were ignored by lenders due to the lack of credit history reported on their behalf. Thanks to free credit scores, Canadians can now have greater access to credit and the opportunity to build a good credit profile over time.

For those who do not have a credit score yet, free resources from places such as Credit Canada allow users to build their financial literacy and learn how to use credit responsibly. Leveraging these resources along with free credit score services, Canadians can now take power back over their own credit. With proper guidance along the way, these services can help Canadians achieve an excellent credit score, making them more desirable for their next mortgage or loan application.

In conclusion, free credit scores have been a game changer for Canadians. Not only do they provide an easy way for Canadians to stay informed on their credit score without the hassle of having to pay a fee, but they also empower Canadians to take control of their credit score and build good financial habits.