![]() ![]() On the other hand, if you don’t do your homework and don’t study, you may see your grades getting lower. What happens when you do your homework on time and ace your tests? You get a better grade at the end of the semester. To build yourself a better mental picture, think of your credit products (credit cards, loans, lines of credit, etc.) as your school classes. Depending on the information in your credit report and the credit scoring model used, you can have different credit scores. Your credit scores are calculated based on the information in your credit report. The higher your score the more likely you’ll get approved for credit and at lower interest rates too. What Are Credit Scores?Ĭanadian credit scores vary between 300 to 900 and represent your likelihood to repay debt on time. While it’s never a good idea to compare your finances to someone else’s, it can be beneficial to understand the average credit score Canadians have at your age range. ![]() You could experience debt issues, job loss, or bankruptcy, no one can predict the future. It can be tough to predict what your own credit scores will look like in the years to come. Given the importance of your credit, it’s best to keep tabs on it and ensure its health. Having access to low-cost credit can help you save on different financial goals such as paying for higher education, buying a car or a house. While income and low debt are also important factors, good credit allows you to qualify for credit products more easily and access lower interest rates. The Index is based on the highest Prime Rate published in The Wall Street Journal on the last business day of the month preceding the current calendar quarter.Good credit is a valuable tool for anyone trying to get approved for credit. The margin will be assigned every six months and will remain in effect until the next credit review. Your margin is based on a six-month review of your credit history. Your variable rate is determined by an Index and a percentage amount above the Index called the margin. The 4.95% APR does not apply to balance transfers of existing Reliant Visa credit card balances. After that date, all balances will be subject to the variable rate. **4.95% APR applies to all purchase, balance transfers, and cash advance transactions completed on accounts opened for six months from the date the account is opened. All Reliant loans are subject to approval and must meet credit-granting terms and conditions. The index is based on the highest Prime Rate published in The Wall Street Journal on the last business day of the month preceding the current calendar quarter.Īll loan terms, conditions, and interest rates are subject to change. ![]() Your variable rate is determined by an index and a percentage amount above the index called the margin. The 0.99% APR does not apply to balance transfers of existing Reliant Visa credit card balances. 0.99% APR intro rate applies to all purchase, balance-transfer, and cash advance transactions completed for six months from the date the account is opened. Loan rates are current as of and are subject to change without notice. If payment coupons are requested, rates will increase by 0.50%.Įxisting Reliant loans and mortgage-related products are not eligible for buyout loan rate. Member responsible for anyįees or limitations associated with external accounts. Listed rates require automatic recurring payments from a Reliant account or another institution (external account). Recreational vehicles may be subject to a $20 lien filing fee. GAP coverage is available for new or used vehicles including cars, vans, light trucks, new or used power sport vehicles. All loan rates quoted as annual percentage rates. Your loan rate will be determined by your credit score, model year of vehicle, term of loan, and repayment method. Stated APRs are the lowest available for the model years and terms listed. Lawn & Garden Equipment, Tractor, and Utility Trailer Loans ![]()
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