How Can I Build a Good Credit History?
If you hope to someday buy a home and get a mortgage, it’s important to have a good credit history because a mortgage provider will take this into consideration when deciding whether to lend you money.
Lenders will check credit reports gathered by Canada’s credit rating agencies to see how well you managed your financial obligations in the past. You can build a good credit history by following the tips below:
Making wise use of credit, combined with regular saving and investing, can be a powerful way to meet your financial goals. Talk to a Scotiabank Advisor for financial solutions to help you achieve your goals and get into your very own first home.
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