Credit Check for New Immigrant

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  • Updated 3 months ago
Hi,
How does a new immigrant, who does not have a credit history in Canada be able to subscribe to a  Koodoo post paid plan (bring your own phone plan) ? Would a security deposit suffice ?
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Tn

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Posted 3 months ago

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Goran, Mobile Master

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If you can qualify, there is a spending limit program, where you are allowed to spend x amount of dollars per month and if you stay in the limit and pay on time for 6 months, then you should be ok. If not, you'll just have to go prepaid and build up some credit for 6 months and try again.
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Tn

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Assuming a new comer will not have a negative credit history. Would he/she qualify ? 
And how can one build up a credit history (not with a prepaid plan) ? 
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Sophia, Mobile Master

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The first question can't be answered - this depends on too many factors and Koodo reviews each application individually. You just have to try :)

How do you build credit history: get a credit card as soon as you can, and make sure you make all your payments on time. That way you will build positive credit history which will last the rest of your life...