It is an organization that has been providing financial literacy education for more than 20 years in Canada.

Although every situation may vary slightly as a general rule we use the 650 credit rule to gage credit worthiness. If a credit score is above 650 from Equifax and TransUnion a credit score is considered good to excellent. If a credit score is below 650 then a person’s credit is considered poor. In Canada, all credit scores range from 300 to 900.

No, waiting is a common mistake that many consumers make. As soon as your consumer proposal has passed you should begin credit rebuilding your credit report to get your score higher. The sooner you begin to rebuild your credit the sooner your score is above 650 and you have good credit again

Reading credit reports can be difficult. Please send in your most recent credit reports to have them reviewed. What we will do is review the credit reports, ask a few confidential questions and provide a confidential report on your credit reports. If we find credit report errors, we will provide strategies to how to fix those errors. Don’t worry if it takes time, we will provide ongoing support until your credit reports are accurate.

It is common for your past accounts to show open on your credit reports. If you have any questions or need strategies to fix your credit report please reach out to Thrive360 for help. We have great strategies to help fix most credit reporting errors.