Credit Canada

💡 "Borrowing $5 a month will benefit your score just as much as borrowing $500 a month, as long as you consistently repay your monthly balances in full and on time." — Bruce Sellery, CEO, Credit Canada

Many people believe they need to spend more money or carry debt to build their credit score. The truth? Building credit is less about how much you borrow and more about how responsibly you manage it.

In a recent Neo Financial article, Credit Canada CEO Bruce Sellery explains how you can improve your credit score and grow your savings at the same time by:

✅ Making payments on time
✅ Keeping credit utilization low
✅ Using credit for planned, essential purchases
✅ Avoiding unnecessary debt and impulse spending
✅ Understanding what actually impacts your credit score

The good news is that building strong credit and saving for your future don't have to be competing goals, they can work together.

Read the full article: https://www.neofinancial.com/the-get/how-to-build-credit-while-still-saving-for-the-future?

How to build credit in Canada while saving for your future | The Get | Neo Financial™ MYTH: Spending more will help you build credit faster. But before you turn to specialized products, practice the basics of building credit and saving.