How can new immigrants increase their credit score?

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How can new immigrants increase their credit score?

Rounding it up

  • While you can transfer your savings and other assets to a Canadian bank, your credit score doesn’t travel with you when you move to Canada.

  • Fortunately, there are ways to build credit history as a newcomer to Canada, like KOHO’s very own Credit Building.

  • It doesn’t stop there—you can build credit by getting a monthly phone plan, applying for a secured credit card, or even asking your landlord to report your rent payments.

  • Whatever method you choose, make sure to pay your bills on time and you’ll be well on your way to kickstarting a healthy financial life in Canada.

9 min read

Gaby Pilson
#credit#newcomer#credit score#credit card

Gaby Pilson

Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.

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