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Rebuild Credit in Canada

How can I rebuild my credit in Canada after a bad credit rating?

If you can’t get a loan, lenders are probably seeing bad borrowing history on your credit report, which they get from a credit bureau. To get any significant credit, you need a good borrowing history. This page is a guide to quickly creating a good credit rating, even if you have to repair a bad credit rating that exists now

A good credit report typically shows:

A bad credit report typically shows:

Borrowing is necessary for most people to live an active life, such as buying a house or car. To do so, it is not enough to have a credit report with no bad history, but no good history either. To borrow for major purchases, you need a good credit history.

So, to get a loan of any size, you must:

To know where you stand, you must first get a copy of your credit report, and read it carefully.