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There has never been so much pressure on young adults to have a good credit score

There has never been so much pressure on young adults to have a good credit score

Skip to main contentErica AliniKids these days need good credit scores – and fast.The urgency has little to do with acquiring the ability to borrow at attractive rates. It’s really about the ability to find housing. Canada’s rental shortage means competition among prospective tenants is fierce: Those without a credit history or a good score often don’t make the cut.Landlords want to see credit scores in the “700-plus” range, Toronto real estate agent Sundeep Bahl told me recently. For context, a score of 660 and up is generally considered to be good, according to Equifax Canada.It’s not...

August 3, 2023
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