RBC Credit Score is a number that allows you to borrow money as a loan in Canada. This number helps to know your credit utilization, payment, and account history or about your credit application.
RBC is the sixth largest bank in Canada. It provides services that are par excellence. Do you know what a credit score is?
RBC Credit Score
The credit score is based on the grading system. Let us know which Transunion credit score stands for what
RBC Score Range | % of Score | Score Type | Details |
---|---|---|---|
781 – 850 | 74 – 100 | Excellent Credit Score | chance of getting financial services or loans at a cheaper interest rate |
720 – 780 | 52 – 73 | Good Credit Score | chances of getting a loan or other financial service are very high |
658 – 719 | 35 – 51 | Moderate | |
601 – 657 | 22 – 31 | Poor Credit Score | have to face various barriers while applying for loans or other finance-related services |
300 – 600 | 1 – 21 | Failing Credit Score | you are not eligible for any kind of credit score. |
How to Check Credit Score RBC
With just a few clicks, you can find the credit score of the bank. Here I am discussing just a few ways to check your Score
Credit Score RBC in Online banking
- Log in to the RBC online banking account.
- Click ‘My Services’.
- Select View Your Credit Score.
- View disclaimer
- Review agreement policy
- Click I Accept and Continue
- Click Continue
- Credit scores displayed on the dashboard containing vital information like – credit cards, credit reports, and mortgages.
Check Credit Score Royal Bank of Canada through Fintech Companies
- One can check the credit score through companies like Borrowell, Mogo, Equifax, Transunion, etc. These sites provide free-of-cost credit reports. The weekly credit reports can be downloaded through annualcreditreport.com.
How Can We build a Good RBC Credit Score
There are some common ways in which you can build a good Credit score
- Reduce debts.
- Ask for credit (only when necessary).
- Reduce debts
- IF there is an error in the credit report, correct it.
Can Credit Score RBC App be checked through the mobile?
No, it is not supported as of now. Anyhow, you can view it by logging in to the web version of it.
What is the accuracy of the RBC score?
As the credit score is formulated as per TransUnion’s CreditVision Risk Score, it is considered to be accurate.
How to access more information about the Royal Bank credit score?
You can access it online by searching on Google. Some of the links that might help you are
- rbcroyalbank.com/dms/olb/credit-score/index.html
- youtube.com/watch?v=mVFc0k1ilyc&t=21s
- rbcroyalbank.com/ways-to-bank/tutorials/financial-advice/check-credit-score.html
What is the lowest and highest credit score in Canada?
The lowest credit score is about 300 and the highest is 850.
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