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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 Equifax Canada's Q1 2025 report, the average consumer debt in Canada (excluding mortgages) has risen to $21,859. Meanwhile, credit scores in Canada range from 300 to 900, with the average score sitting around 650, as reported by TransUnion.
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
Bio: Manuel Olguin is an experienced Business Advisor with a background in business and commercial lending for over 14 years. For the past 4 years, Manuel has been working with entrepreneurs with disabilities as the EDP rural business advisor. He provides customized business training and counseling services to entrepreneurs dealing with chronic health or mental conditions across British Columbia.
Community Futures British Columbia
myCommunityFutures
33163 2nd Ave
Mission BC V2V 6T8 1-604-289-4222 information@communityfutures.ca
Mon to Fri: 8:30am to 4:30pm
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ABOUT COMMUNITY FUTURES BRITISH COLUMBIA
CFBC is the provincial association for the Community Futures Development Corporation. Since 1992 we've been fostering entrepreneurship and economic development in rural BC through our 34 member offices. Learn More.
RECONCILIATION STATEMENT
We are grateful to live and work with people from across many traditional and unceded territories, covering all regions of British Columbia. We are honoured to live on this land and are committed to economic development and growing small businesses together.