{"id":167487,"date":"2021-09-01T02:46:00","date_gmt":"2021-09-01T06:46:00","guid":{"rendered":"https:\/\/milesopedia.com\/news\/credit-score-portal-accesd-desjardins\/"},"modified":"2024-08-30T12:09:40","modified_gmt":"2024-08-30T16:09:40","slug":"credit-score-portal-accesd-desjardins","status":"publish","type":"post","link":"https:\/\/milesopedia.com\/en\/guide\/tutorials\/credit-score-portal-accesd-desjardins\/","title":{"rendered":"How to find out your credit score through the Desjardins Acc\u00e8sD portal"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text el_class=”checkmarks”]Like many large financial institutions, Desjardins now gives us access to our credit score with a simple click.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading el_id=”credit_score_on_the_acc_sd_portal_interface” text=”Credit score on the Acc\u00e8sD portal interface” google_fonts=””][vc_column_text el_class=”checkmarks”]At the age of 6, I opened my first school bank account. Every Monday at school, we deposited our little loot at the “Caisse Pop”, as the Desjardins Group<\/strong> was once called.<\/p>\n

Over the next sixty years or so, I used several services of this Quebec institution. Insurance, investments, credit cards<\/a>, car loans and more. They appear when I open the Acc\u00e8sD portal<\/strong> interface.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading el_id=”where_can_i_find_my_credit_score_” text=”Where can I find my credit score?” font_container=”tag:h3|text_align:left” google_fonts=””][vc_column_text el_class=”checkmarks”]Recently, it has also become possible to check our credit score. It’s easy (and convenient when you regularly sign up for the best credit card offers<\/a> on the market).<\/p>\n

The option opens on the right side of the screen on the computer and at the bottom on our cell phone.[\/vc_column_text][vc_single_image image=”166616″ img_size=”large” alignment=”center” style=”vc_box_rounded”][vc_column_text el_class=”checkmarks”]The partnership is with one of the two major Canadian credit bureaus, Equifax<\/a> and Transunion. While the first one was offered free to all members who were victims of the 2019 data leak, the Transunion<\/a><\/strong> score is the one displayed in our Acc\u00e8sD interface.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading el_id=”what_is_the_purpose_of_the_credit_score_” text=”What is the purpose of the credit score?” font_container=”tag:h3|text_align:left” google_fonts=””][vc_column_text el_class=”checkmarks”]The credit score is used primarily by lending institutions, such as banks, but also by car manufacturers and telephone networks, for example. They want to ensure that we are trustworthy in our ability to return the money we ask them to lend us for the purchase of services or goods. Our solvency, you know. Thus, it is best for us to take care of it<\/strong>.<\/p>\n

Institutions will therefore check our credit score before granting the amount requested. However, these lenders also have access to a much more accurate file. In addition, they rely on other factors before making a decision.<\/p>\n

And what do we find on this credit report?[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading el_id=”what_does_the_credit_score_show_” text=”What does the credit score show?” google_fonts=””][vc_custom_heading el_id=”a_score_and_its_factors” text=”A score and its factors” font_container=”tag:h3|text_align:left” google_fonts=””][vc_column_text el_class=”checkmarks”]First, a number.<\/p>\n

On a scale of 300 to 900, the report tells us where we stand in the eyes of lenders. The higher, the better. Let’s just say that below 700, it’s best to work on getting it back up before applying for credit<\/a>.[\/vc_column_text][vc_single_image image=”166619″ img_size=”large” alignment=”center” style=”vc_box_rounded”][vc_column_text el_class=”checkmarks”]Also, on the same chart, we are told what factors are affecting our low score. And which we can sometimes work on to see it increase. For example, late payments, multiple recently opened accounts or inquiries from lending companies.[\/vc_column_text][vc_single_image image=”166645″ img_size=”large” alignment=”center” style=”vc_box_rounded”][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading el_id=”a_history” text=”A history” font_container=”tag:h3|text_align:left” google_fonts=””][vc_column_text el_class=”checkmarks”]Then there is a graph. The history of our monthly score. If, for example, a new bank account is opened, the score will fall and then rise again the following month. Unless, of course, something else happens to prevent it.<\/p>\n

If you want to know how credit scores are calculated in Canada, this article<\/a> is for you. At the same time, it should be noted that the criteria do not have the same impact on the fluctuations of our credit score. Defaulting on a payment does more damage than an inquiry about a new account.[\/vc_column_text][vc_single_image image=”166642″ img_size=”large” alignment=”center” style=”vc_box_rounded”][vc_custom_heading el_id=”inquiries_and_accounts” text=”Inquiries and accounts” font_container=”tag:h3|text_align:left” google_fonts=””][vc_column_text]Lenders can see:<\/p>\n