DebtMatters Podcast

64 - What Is a Credit Rating and How Does It Work?


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If you’ve ever borrowed money to buy a car or applied for a credit card, you have a credit report. Your credit score is considered a measure of your financial health and financial trustworthiness. It is a key consideration for your future financial plans.vAre you familiar with how the credit reporting system works? Most of us know we should have a good score but don’t understand why or how we can improve it. Jillian Taylor-Mancusi, Licensed Insolvency Trustee talks about this somewhat mysterious system that judges our financial worthiness. 

Here are a few of the topics covered in this podcast:

  • Why your credit score matters
  • The difference between credit reports and credit scores
  • Who has access to your credit scores
  • Conventional lenders and high risk lenders
  • Best ways to build and rebuild your score
  • What a hard hit and a soft hit is when checking your credit score

If you are having financial difficulties and need someone to give you solid advice, a Licensed Insolvency Trustee should be your first call. They are licensed and regulated by the Canadian government and adhere to strict ethical guidelines. 

About Jillian Taylor-Mancusi

Jillian is a Licensed Insolvency Trustee in Manitoba and Northern Ontario. She has been working in the insolvency field since 1992. A member of the Canadian Association of Insolvency and Restructuring Professionals (CAIRP), Jillian also serves as chair for Dressage Winnipeg.

Additional Resources 
  • LCTaylor Licensed Insolvency Trustee
  • The Truth About Your Credit Score in Canada
  • Rebuilding Your Credit After Bankruptcy

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DebtMatters PodcastBy Wayne Kay


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