Score Impact Calculator
Drag the slider to your credit score and see the real dollar cost of bad credit in Canada.
Your Credit Score
Your score of 580 is costing you approximately
$11,555
per year compared to someone with a 750+ score
Mortgage
B-lender rate ~7.5% (+$755/mo) on a $400K mortgage
+$9,063
B-lender territory. Expect higher rates (6-8%) and require 20%+ down payment. Not available through major banks (TD, RBC, BMO, Scotia).
Car Loan
+$108/mo at 12.5% on a $25K car loan
+$1,292
Car Insurance
annual premium increase
+$800
Rental Challenges
extra costs from low credit (larger deposits, co-signer fees)
+$400
Rates based on average Canadian lender rates as of 2025. Actual rates vary by lender, province, and individual circumstances. This calculator is for educational purposes only and does not constitute financial advice.