Credit GPS
The Canadian credit system, explained

Learn the mechanics. Then make the move.

Interactive explainers for the parts of the Canadian credit system that actually move your file — utilization, statement timing, score bands, confidence, and recovery. Plain language, real numbers, no shame. Drag the sliders; the math is the same math the app uses.

01 · The biggest lever you control

Utilization

The ratio of what you owe on revolving credit (cards, lines of credit) to what's available. Both bureaus respond favorably to lower utilization — and the response isn't smooth. It changes in tiers.

YOU OWE
$800
÷
LIMIT
$3,000
=
UTILIZATION
27%
<10%
10–30%
30–50%
50–75%
75–90%
90%+
Strong tierIllustrative score · ~720
02 · The statement-date trick

Pay before the statement closes.

Bureaus see the balance on your statement date — not after you pay. Pay before the statement closes and the bureau reads a low balance. Same money, very different file.

Statement closes Sep 22Pay 3 days early

Pay $1,200 on the 19th → bureau reads ~$200 on the 22nd → utilization tier improves before the cycle even closes.

03 · Where you sit

Score bands

Sub-prime · Fair · Good · Very good · Prime. The bands aren't published precisely — these ranges are the working consensus across Canadian bureau scoring. Drag the slider to see what each band typically qualifies for.

687
Good
Sub-prime300–559
  • Secured cards
  • Credit-builder loans
Fair560–659
  • Standard unsecured cards
  • Higher-rate auto loans
Good660–724
  • Most credit cards
  • Auto loans at prime+
  • Some mortgages
Very good725–759
  • Rewards cards
  • Mortgages at competitive rates
Prime760–900
  • Premium cards
  • Best mortgage rates
  • Approval near-certain on file
04 · The honesty mechanism

Confidence bands

Every Credit GPS forecast is a range, never a single number. The band is the honesty: 70% of the time the lift lands inside it, 30% it lands outside. Lower confidence → wider band. Higher confidence → narrower.

+0 to +40
70% confidence
+0+10+20+30+40

Anyone telling you a payment will add "exactly 40 points" is selling you a certainty that doesn't exist. Our bands come from a labelled dataset of (action → bureau-reported outcome) — we widen the band when the evidence is thinner, not when we feel like it.

05 · See your own move

Move-card generator

Plug in a balance and a limit. Get the move Credit GPS would surface, in the same shape it appears in the app. Illustrative — the real engine reads your statement cycle and looks at every card you have, not just one.

Today's moveSample
$1812.00
to TD Visa before statement close.
UTILIZATION · NOW 86%AFTER 21%
Expected lift: +14 to +23illustrative · 65% confidence
06 · For newcomers and thin files

Why your score can be low even when you do everything right.

A flawless file with six months of history and a $1,000 limit can still produce a score in the 600s or low 700s. The model isn't punishing you — it just doesn't have enough evidence yet.

The deterministic path

  1. Keep the file active — small recurring charges, paid off before statement close.
  2. Keep utilization low on every reporting cycle. Under 10% on statement date is the goal.
  3. Add a second tradeline at six to twelve months, then a third around eighteen months.
  4. Let time accumulate. Average account age is itself the input — there is no shortcut.

Newcomer files typically thicken over 18–36 months of consistent activity. Don't open a loan you don't need just for "credit mix" — mix is a small contribution, and the interest you'd pay almost always exceeds the benefit.

07 · How long, how much

Damage and recovery.

The bureaus apply these clocks automatically. Records don't stay on your file forever, and they fade in influence as they age — even before they drop off entirely.

Late payments~6 years from the date of the missed payment
Collections~6 years from date of last activity
Charge-offs~6 years
Consumer proposals3 years from completion (or 6 years from filing)
Bankruptcy (first)~6 years from discharge
Bankruptcy (second)12+ years
Hard inquiriesVisible 3 years · impact decays much faster