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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.
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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