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Free Canadian Credit Score? Explained?

Question: Free Canadian Credit Score? Explained?I found this site where you can get credit scores and reportshttp://insightempire.com/freecreditrepor...My question is How many credit cards is one person allowed to have? some one said it was 5, is that true?



Answer: -Theres no such thing as a limit to credit cards. Your creid score is dofferent depending on which company does the scoring.Just because you have a lot of credit cards will not necessarily give you a low score. Its how you service them that counts. If you have 5, are they all paid off, how much do you owe, have you missed any payments.In fact if you have NO credit cards you can end up with a lower credit score - they need evidence of your spending and ability to pay off debt in order to rate you.Me personally, I have 7 credit cards. All paid off, I use one for Tesco clubcard points, one for foreign transactions, one for Internet purchases and some others. I take out cards for free gifts, get the gift and then close it down! Ive had free MP3 players, cases of wine, DVDs, air miles, all sorts.Check out www.moneysavingexpert.com forums for all the latest deals and freebies. Also good place for other advice over credit cards n debt etc. -Visit www.discoverycard.ca and www.dinerclub.ca. Check out the pages there, you find a lot of info there.

 


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