Improving your credit score in Canada is definitely achievable. Remember the rule of 3. 3 credit lines, for 3 years, 30 percent below balance. Share this will someone who is about to turn 19, new to the country, or has had a bump in the road with divorce, job or health challenges.

Here are some helpful tips to get started:

1. Make it a priority to pay your bills on time. This is crucial in maintaining a good credit score, and it’s one of the easiest things you can do to improve it.
2. Use your credit wisely and try to keep your balances low. This will show lenders that you’re a responsible borrower and it can help boost your credit score.
3. Keep an eye on your credit report to ensure it’s accurate and up-to-date. You’re entitled to a free credit report from Equifax and TransUnion in Canada, so take advantage of this and review your report regularly.
4. Be selective when applying for new credit. Too many applications in a short period of time can lower your credit score, so try to only apply for credit when you really need it.
5. It’s a good idea to keep your credit accounts open, especially the ones you’ve had for a while. This can show lenders that you have a history of responsible credit use and can help improve your credit score over time.
6. If you need extra help or guidance, don’t hesitate to reach out to a credit counsellor or financial advisor. They can provide you with tailored advice and support to help you achieve your financial goals. We can help with all the proper introductions email us at angela@countoncalla.ca

Remember, improving your credit score takes time and effort, but it’s definitely worth it in the long run. With a positive attitude and a little bit of hard work, you can improve your credit score and achieve your financial dreams!