9 Million Canadians Are In Trouble With Their Credit - Credit in Canada Report | Refresh Financial

9 Million Canadians Are In Trouble With Their Credit - Credit in Canada Report

November 16, 2018

25% of Canadian adults are in the subprime or near-prime risk categories-contributing to a fear of checking their credit score.

Refresh Financial commissioned Leger, the largest Canadian-owned polling, research and strategic marketing firm, to conduct a survey of Canadians from across the country in order to gain a national perspective on people’s understanding of credit in Canada. The survey found that although 96% of Canadians believe a good credit score is important, only 41% actually know their score.

Millennials and Gen Z’ers are more concerned about credit than any other generation. 39% of those aged 18-34 say they are more stressed about their credit score than a year ago. That compares to 17% on average across all other age groups. Part of this is due to the fact that 60% of millennials and Gen Z don’t learn about credit before getting their first credit card. In fact, 25% of 18-34 year-olds are not confident they know what makes up their credit score.

Read News Release here:

Refresh Financial - Credit in Canada Cision News Release 1 November 2018

Click here to download the report 


For further information: Refresh Financial Inc., Mike Penninga, Public Relations, 230-1628 Dickson Ave, Kelowna, BC V1Y 9X1, Media@refreshfinancial.ca

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