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According to inquiries on the Canada Planning website, in Canada, credit history is one of the most important reference factors for financial institutions, credit card companies, leasing companies, etc. to evaluate an applicant's credit status. Having a good credit record is very important because it is one of the necessary conditions for getting a loan, getting a credit card, renting or buying a house, and even finding a job, insurance and other important services. This shows how to check your credit score when applying for a credit card in Canada.

There are many factors that affect your Canadian credit score, here are some of the most important ones: Payment History: Paying your bills on time can have a huge impact on your credit score. Credit Utilization Ratio: This is your credit card and credit card number. The ratio of an account's credit limit to its expenses. Keeping your credit utilization ratio below 30 can help improve your credit score. Length of credit history: The longer the time from when you first opened a credit account to the present, the more helpful it will be for your credit score. Number of credit accounts: Having multiple credit accounts can help improve your credit score, but make sure you manage them well. New Credit Accounts: Opening new credit accounts may have a negative impact on your credit score.