The Burn Your Mortgage Podcast: Building Credit as a Newcomer to Canada with Bruce Sellery

Bruce Sellery is a personal finance expert and the CEO of Credit Canada, the longest-standing non-profit credit counselling agency in the country. He appears regularly on Cityline and Breakfast Television, has a national money column for CBC Radio, hosts a radio show on SiriusXM, and speaks at events from coast to coast. He is also the author of the Globe & Mail bestseller, “Moolala: Why smart people do dumb things with money (and what you can do about it).”

Credit Canada recently launched a free, multi-lingual online learning program about credit, developed specifically for newcomers to Canada. While there are many resources to support newcomers when they arrive, Credit Canada identified a gap in helping newcomers build their new life - education about credit that reflects a newcomer’s experience, presented in their preferred language.

In my interview with Bruce, we discuss:

1. The unique barriers newcomers face when arriving in Canada
2. Essentials of credit in Canada
3. How to build your credit history in Canada
4. How to improve your credit score
5. What to do if you run into problems with credit