Thriving as a new member in a credit society

A good credit rating is essential for life in Canada, as most lenders want to know how you have handled credit in the past to determine how well you will handle it in the future. Credit card issuers, auto dealerships and mortgage lenders will check your credit score before deciding how much to lend you and at what interest rate. Here are tips to build your credit in Canada and the pitfalls to avoid.