Description

Join us to explore the realities of credit and bust common myths. You’ll learn the ins and outs of credit reports, ratings, and scores—what they are, how they’re used, and what you can do to manage or improve them.

According to the latest Equifax Canada data (Q4 2025, released in 2026), consumer debt in Canada continues to rise, with non-mortgage debt increasing year over year as total household debt reached about $2.65 trillion. On an individual level, the average non-mortgage consumer debt is now roughly $22,000 per person in 2026, up slightly from previous years. Meanwhile, credit scores in Canada still range from 300 to 900, but the national average has improved modestly to around 670–680, placing most Canadians in the “good” credit category based on recent data from TransUnion and other industry sources.

This session will cover:

• How credit works
• The cost of borrowing
• Understanding credit reports and credit ratings
• Myths vs. facts about credit
• Tips to protect and rebuild your credit

Learning Outcomes:

By the end of the session, participants will:

• Understand the impact of interest on loans and credit cards
• Learn how to read and interpret credit reports
• Discover practical strategies to improve credit ratings

Presenter:

MANUEL OLGUIN

Community Futures EDP