What is the use of immigrating to Canada to increase personal credit score?

What is the use of immigrating to Canada to increase personal credit score? ? Canada and other North American countries attach great importance to credit scoring. Banks and other credit institutions in this country know your financial situation through credit scores, which determine whether you can get a mortgage or a credit card. Then, how can I increase my credit score after immigrating to Canada?

Credit history: For young or new Canadians, they don't have a good credit history, so they have few credit points. One way is to apply for a credit card to prove that you can use it responsibly and pay off the loan in time. If you can't get a credit card, some banks will provide a safe credit card. You can deposit a deposit in this card, and then you can borrow money with it. Always use this credit card, as long as you change the loan on time, your credit score will increase.

Paying off debts: Paying off loans and credit card loans as soon as possible will be of great help to your credit score.

Third, the credit card limit: Do not exceed the overdraft limit of the credit card. Usually keep the loan amount below 75% of the overdraft limit.

Fourth, frequency of inquiry: Every time the lender asks about your credit score, your credit rating may also drop.

Stay where you are: Time is very important for credit score.

5. Stay where you are: Time is very important for credit score. The longer you pay your bills in time and use your credit card responsibly, the higher your credit score will be. Doing a job or living in a place for a long time can also increase credit.

6. Pay off the bills: Although the bills such as electricity, internet and telephone charges will not be included in the credit score, the debts related to the company that collects the arrears will be included in the credit score.