Meet BMO Credit Coach: Our digital tool to help Canadians take charge of their credit health
In today’s digital and financial age, keeping tabs on credit is more important than ever. To help our clients meet their financial goals, BMO is proud to launch BMO Credit Coach, a new, no-fee credit monitoring and reporting digital tool to help Canadians better understand, monitor and build their credit history – all without affecting existing credit scores.
BMO Credit Coach delivers a smart and intuitive way to understand and manage overall credit health with alerts, personalized guidance, and a dynamic credit score simulator. With a few clicks, users can easily check their score, track credit utilization trends, and explore how potential financial decisions can impact their credit.
“At BMO, we are committed to helping Canadians make real financial progress by giving them the tools and insights to take control of their financial future. BMO Credit Coach makes credit health more accessible and understandable, empowering our clients to make more informed financial decisions, build stronger credit profiles, and achieve their financial goals.”
– Mathew Mehrotra
Group Head, Canadian Personal & Business Banking, BMO
Access to credit continues to remain an integral part of personal finances. Canadians looking to borrow or utilize credit products will be evaluated by lenders using their credit score. The score is based on several factors and reflects how likely a client is to manage their financial obligations and pay back money that has been borrowed. A higher credit score can lead to access to more lending products, a better interest rate, and more – plus, building a habit of checking your credit score frequently can help address and prevent any potential fraud or stolen credit.
BMO Credit Coach joins BMO’s suite of innovative digital tools and resources available to help clients meet their financial goals and make real financial progress in the meantime.
To learn more about how BMO helps clients make real financial progress, visit BMO.com.
