Looking for a new ringtone for your mobile phone? Depending on your credit score, one of these songs might be perfect for you. 

But before you pick a song, you first need to know what your credit score is. Equifax and TransUnion are the two major credit bureaus that calculate credit scores for individual Canadians. Scores range from 300 to 900, and the higher your score, the better credit risk you are. The Financial Consumer Agency of Canada (FCAC) ranks the most important factors affecting your credit score as:

• Your debt repayment history.
• Any previous bankruptcy.
• Total outstanding debt.

With those three factors in mind, we've organized ringtone song ideas by seven categories of credit scores, starting at the lowest end of the scale. 

1. Delinquent loans ringtone -- for credit scores below 500
Song: Trouble
Artist: Lindsey Buckingham
Ringtone lyric: I should run/On the double/I think I'm in trouble
Why it's appropriate: If your credit score is under 500, either you're running from debt collectors or are preparing for bankruptcy. Only 2 per cent of Canadians have credit scores below 500. This group of debtors has a loan delinquency rate of a whopping 80 per cent.

2. Credit wakeup call ringtone for credit scores between 500 and 559
Song: Beat It
Artist: Michael Jackson
Ringtone lyric: No one wants to be defeated
Why it's appropriate: Once your credit score is above the dangerous 500 level, you must fight continuously to improve your debt situation -- or face financial defeat. About 5 per cent of Canadians have credit scores between 500 and 559, and 60 per cent of those Canadians default on their loans.

3. No credit available ringtone for credit scores between 560 and 619
Song: Don't Call Us, We'll Call You
Artist: Sugarloaf
Ringtone lyric: He said, don't call us child we'll call you
Why it's appropriate: Established lenders will listen to debtors with this range of credit scores -- at least at first. However, don't hold your breath waiting for loan offers. 5 per cent of Canucks fit into this credit score category, which has a 40 per cent delinquency rate.

4. Unfavourable credit terms ringtone for credit scores between 620 and 674
Credit scores: 620 to 674
Song: She Works Hard For The Money
Artist: Donna Sommers
Ringtone lyric: It's a sacrifice working day to day/For little money just tips to pay
Why it's appropriate: If your credit score falls below 675, you'll be working extra hard for the money because lenders will insist on charging higher interest rates. 10 per cent of Canadians share this credit score range. The corresponding delinquency rate is 23 per cent.

5. Decent credit score ringtone for credit scores between 675 and 699
Song: We Can Work It Out
Artist: Beatles
Ringtone lyric: We can work it out and get it straight
Why it's appropriate: Once your credit score is above 675, you are on your way to financial freedom as you start to establish a strong credit history that lenders like to see. 5 per cent of Canadians have credit scores between 675 and 699, with a 12 per cent delinquency rate.

6. Favourable credit terms ringtone for credit scores between 700 and 719
Song: If I Had A Million Dollars
Artist: Barenaked Ladies
Ringtone lyric: If I had a million dollars I'd be RICH!
Why it's appropriate: At this credit score level, you can both buy and save more by qualifying for low interest credit cards and rewards credit cards. 10 per cent of Canadians are in this superior credit category. The corresponding delinquency rate is 5 per cent.

7. Best credit scores ringtone between 720 and 900
Song: Simply The Best
Artist: Tina Turner
Ringtone lyric: You're simply the best, better than all the rest
Why it's appropriate: If your credit score is in this elite category, you pay your bills regularly and enjoy top borrowing privileges. You can also pick and choose from the best Canadian credit cards. The default rate for Canadians with credit scores of 720 and above is about 3 per cent. And here's a pleasant surprise: Over 60 per cent of Canadians are in this top credit score category.