This is how you can get your credit score and improve your rating before applying for a mortgage.
Moving to a new country is overwhelming enough – with all the cultural and linguistic challenges faced by newcomers, sorting out finances may often be pushed to the back burner. Here’s what new Canadians need to know about setting up Canadian money management and build credit history.
When I’m at the checkout, I often open my wallet and pause for a moment, pondering how to pay. Cash? Nope, I’m saving it unless I’m buying a pack of gum. So it’s often the debate between debit and credit card. The final tally, in many ways, is the same. I buy something, I have to pay for it, either now (debit) or later (credit). But the decision is much more complex if you look at the bigger picture.