What Affects Your Credit Score in Canada? Tips to Build a Great Credit Score as a Newcomer

Описание: Want to know how to build an 800 credit score in Canada, even if you’re just starting out? 🇨🇦

In this video, I’ll break down what your credit score really means, how it works, and the exact steps I took to grow mine above 800 in my 20s as a newcomer to Canada.

We’ll cover:
✅ What a credit score is (in simple terms)
✅ Why it matters for renting, loans, and mortgages
✅ The 5 key factors that affect your credit score in Canada
✅ Common mistakes that can hurt your score
✅ How to start building credit, even from zero

Whether you’re new to credit or trying to rebuild it, this guide will help you understand your credit score and build it the smart way.

⏱️ Timestamps:
00:00 – Intro
00:38 – Credit Score Analogy
00:58 – What Is a Credit Score
01:49 – Why a Strong Credit Score Matters
02:52 – 5 Things That Affect Your Credit Score
05:42 – How to Check Your Credit Score
06:31 – Mistakes That Hurt Your Score
07:43 – How to Build a Great Credit Score (800+)
08:33 – Recap / Key Takeaways

📈 Resources Mentioned:
Borrowell Canada: https://borrowell.com/
Credit Karma: https://www.creditkarma.ca/

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