Check your credit score for free

KOHO works with Equifax, one of the major credit reporting bureaus in Canada. A credit bureau like Equifax basically collects information from creditors on things like your credit history, or your track record of paying off loans, your mortgage, and credit cards to give a sense of your creditworthiness.

It’s good to keep in mind that you don’t necessarily have just one credit score. Many score providers use different models to work out your score and lenders may not report your data to all credit bureaus, which can cause your score to vary.

You can check your score as many times as you like but your score will only be updated once a month. We carry out a soft check, as opposed to a hard check so no matter how many times you view your score, it won’t impact it negatively. A soft check is usually carried out for things like loan pre-approvals, or employer credit-checks and won’t affect your overall score. A hard check usually only happens when you make an application for something like a loan or property rental. These can only be performed with your permission and may also affect your credit score.

You can view your score without any costs for the duration of your free trial on the Essential, Extra, or Everything plan, after that you’ll be charged the monthly subscription for your plan. Checking your credit score will never mean any extra charges, it’s simply a perk amongst all the other sweet perks associated with your plan.

It’s KOHO’s affordable, interest-free way to build or rebuild credit history in Canada. You can either use your own money or a line of credit from us to do it. Head to your KOHO app and click Credit > Register to get going.