HOW TO BUILD A CREDIT HISTORY IN CANADA: myths and facts

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Yak Tam

Published on Nov 17, 2022
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To check your credit score, you must already be in Canada, have a Social Insurance Number (SIN) and open a bank account and credit card. ✅ Free Credit Check App - https://borrowell.com There are two credit bureaus in Canada: Equifax and TransUnion. These bureaus have different methodologies for calculating the rating, so it will vary. While you can usually see your TransUnion credit score in your mobile apps, your Equifax score isn't always available. ✅ Equifax Credit Bureau - https://www.equifax.ca ✅ Transunion Credit Bureau - https://www.transunion.ca CONVENIENT VIDEO NAVIGATION: 00:00 Brief Introduction 00:37 Credit Score Scale 03:43 Myth 1 - paying utilities and rent has a positive effect on your credit score 06:59 Myth 2 - the more cards you have, the better 10:36 Myth 3 - you have to pay off credit cards twice a month 13:36 Myth 4 - your credit score doesn't matter if I have a lot of cash 16:51 Myth 5 - if I miss 1-2 payments, it won't affect my score at all 20:50 Myth 6 - you need to check your credit score all the time 30:14 Which bank in Canada is the best? 32:28 Why is it good to have different types of loans? 35:10 Outro with a cat Want to know more? Leave any comment under this video and subscribe to us on social networks, because this is how you popularize Ukrainian-language content 🔽 👍 Facebook / yaktam.incanada 📸 Instagram / whatsupincanada 💻 Website https://yaktam.ca For advertising issues: 📧 yaktam411@gmail .com 🎥 Another interesting channel about Canada - / canadaorgua 🎥 Our twin channel in English - / @whatsupincanada ❤ Support us by subscribing to our channel. It's free for you, and it's a pleasure for us! ❤ / @yaktam ♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥ ♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥ We are very grateful to you for watching us and supporting us with yours 👍👍🏽👍🏿👍🏻 We always feel it and send you rays of kindness ✨ warmth ☀️ and love 💕 Sincerely yours Lana and Lida (L&L) DISCLAIMER: https://yaktam.square.site/disclaimer © Yak Tam ♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥♥ ♥️♥️ Canada #CreditBal

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