Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

How do I raise my credit score fast?

There is no genuine shortcut, but paying down revolving balances, making every payment on time and avoiding new credit inquiries in the months before applying are the levers that move a score the most in a short window. The Financial Consumer Agency of Canada publishes guidance on the factors that make up a credit score for exactly this reason.

Revolving balances matter more than most people expect, since a card sitting near its limit weighs against a score even if every payment has been made on time, and paying it down before a lender pulls the file can move the number faster than almost anything else.

CMHC sets a minimum credit score of 600 for an insured mortgage, so a borrower near that line has the most to gain from a short, focused push before applying, while a score already well above it will see a smaller practical effect.

A mortgage broker can flag which specific factor on a file is doing the most damage before you spend months guessing. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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