 Hello everyone this is financial author Amit Dan of amitdan.com On this channel you'll find financial travel and more videos just like the one you're watching right now If you like what you see, please give it a thumbs up and consider subscribing Hello everyone this is Amitdan of amitdan.com On this channel you'll find financial travel and more videos just like the one you're watching right now if you like what you see please give it a thumbs up and consider subscribing. Today I'll be talking about how Canadians can get a free credit score. However before I do that I'd like to mention that at the end of this video I'll be showing actually how you can access your credit score using your mobile phone or your app and after that also I'll be doing a panoramic video clip of this place and that way you'll be able to see where I'm doing this video and today the temperature is 25 degree and 10 miles per hour wind and the feels like temperature is about 19 degree so that makes it a very nice weather in Toronto and the humidity is almost 48 percent. So let's start with the video. Just about a year ago Canadians didn't have access to free credit score and in order to access free credit score you'd have to pay $25 or $24 per time you access your credit score. However due to FinTech financial companies that has changed and right now there are three companies offering free credit scores for Canadians and these companies are creditkarma.com and mogul.com and borowell.com. Borowell and mogul access their credit score from Trans America not sorry not from Trans America from Equus Facts Credit Union and creditkarma accesses their credit score from Trans America credit company. Now recently CIBC announced that they will be offering free credit score via its mobile app for all CIBC customers who has the mobile app and in order to do that you need to actually update your credit update your mobile app. In the background you might hear plane landing on and off because this place is close to Porter Airport in Toronto which is in the heart of downtown. So CIBC is offering free credit score to its customers via its mobile app and this is a joint venture between CIBC and FinTech loan company borowell and this free credit score actually is a Equus Facts credit score and in order to do that all you have to do is just go to your mobile app and you can access the free credit score through your mobile app which I'll be showing you at the end of this video. Now the mobile app also offers some other features whenever you are accessing the credit score then you have access to some facts for credit scores and this is a very good news for Canadians especially for CIBC customers who don't want to go through the hassle of signing up other companies such as mogo.com or borowell or credit karma because this is right in the hand of your in your hand and it can be accessed through your CIBC mobile app and this is just a recent announcement which has made by CIBC. So I'll be showing you that how you can access the credit score and also I'll be showing a panoramic view of this place. So this is all for today thank you for watching and if you like what you see please give it a thumbs up and consider subscribing and there will be more videos so keep an eye on this channel and thank you for watching. Hello everyone this is Amit Dan. In this segment I'll show you how to access your CIBC free credit score on your phone through your CIBC mobile app. Now I'd like to mention that the credit score you'll be accessing through CIBC mobile banking app is provided by Equifax which is different than your FICO or FICO credit score. FICO credit score is a proprietary model of fair as a corporation and Equifax credit score is a proprietary model of Equifax corporation which is one of the credit rating agencies in Canada. Now this credit score is brought to you by CIBC and Borewell and this is actually Equifax credit score so once you have the app on your phone on your mobile phone then you have to go to the menu option and one thing to mention that if you have an app which hasn't been updated recently then you will not be able to see that option to access your free credit score so you have to update your app in order for you to access your free CIBC credit score. Now if you look at the menu option then you will see options like my accounts, bill payments, interact transfers and then if you keep scrolling down then one of the options here is going to be check credit score which is right here check credit score and once you click on it then it will show you to accept terms and conditions for the first time. Once I hit here check credit score I don't have to do that because I have already accessed my credit score before and I already have accepted the terms and conditions but for the first time you'll need to accept the terms and conditions but that's only one time and after that once you hit that check credit score it will take you to the credit score so let's click on here so it would take a few seconds to generate the credit score and then once your credit score is ready then it will show you the credit score for example right now this is my Equifax credit score which is 776 and this is excellent and usually my credit score either plus minus 800 which is one of the very highest possible range of credit scores you can have but right now it's 776 which is slightly below 800 however it changes or it fluctuates based on many scenarios or many factors so today I'm looking at 776 but on its next update it should be closer to 800 or even it be above 800 so another thing or mentioning is that on your screen where you're looking at your credit score and if you just keep scrolling down then you'll see credit score facts and if you click on it then actually it will give you some important facts about credit score which you can learn or read and you'll know more about credit score for example who is the borrower and we'll checking my credit score heart my we'll check checking my credit score heart my score the answer is no because this is a soft checking so each time you check your own credit score it does not hurt your credit score is my person personal information protected which credit borrower provides the credit score as I mentioned this is Equifax how often will my free credit score be updated for this app it will be updated every three months how do I unsubscribe from this free credit score service it has that option just before this screen at the end and here there's some more information understanding credit scores what is a credit score what is a credit report why this is important so if you are if you'd like to find out more about credit score and how it works and why this is important and if you didn't know this before then definitely these facts are author reading and CIBC just recently did a survey or research and it is it has been found out that 69% of Canadians do not know their credit score and 45% of Canadians have no idea where or how they can get their credit score so these factors are these facts are very good to read and you'll be able to learn a lot lots of things about your credit score and it will help you at the end to improve your credit score and get better rates on loans and mortgages and great cars that's all for today thank you for watching and if you like what you see please give it a thumbs up and consider subscribing and there will be more videos coming up every week and on this channel you'll see financial travel and varieties of videos just like the one you're watching right now so thank you for watching and