akshita jain Spread the Word about others
منذ 2 سنوات

Here are a few tips to build your credit score in Canada:

1. Get a credit card.
2. Get a monthly cell phone plan and pay it on time.
3. Apply for a newcomer targeted card because they help with building your score.
4. If you want to buy a car, consider taking out a car loan to use to build credit.
5. Pay your bills in full and on time every month.
6. Set up automatic payments if you tend to forget.
7. Control your credit usage and do not allow your credit usage exceed 35% of your limit. It is not free money.
8. Pay back more than the minimum amount required each time.
9. Only use credit for items you can actually afford, don’t get tempted to exceed your budget because you have credit.
10. If an item has a higher interest rate, pay it off first