Does Making More Money Increase a Credit Score?

” If I make lots of money, can I get a better credit score?”. The answer to this in “No”. Making a great wage gives a person the ability to pay down a loan quicker, and may qualify them for a slightly larger loan(based on affordability and Debt Servicing). The Bureau does not have a system in place to score an individuals credit based on earnings. For those of you that have a slightly lower credit score and make a slightly larger earning, I would suggest adding some of the extra money to an RRSP loan, or increase the limit on a secured credit card.

Just my 2 cents

-M