Mail Us
inquiries@acfoodbank.ca
Build a strong credit history one step at a time.
Good credit can make it easier to rent a home, get a cell phone plan, qualify for a car loan or secure a mortgage. Whether you are new to Canada or rebuilding after a hard time, you can improve your credit with steady habits.
Credit history from another country usually does not transfer automatically. Start early with a Canadian bank account and ask your bank about credit options for newcomers.
Your payment history is one of the biggest factors in your credit score. Set up reminders or automatic payments so you never miss a due date.
Try to use less than 30% of your credit limit. For example, on a $1,000 limit, aim to keep your balance below $300.
If you are new to credit, a secured card can help you build a history. You give a refundable deposit, and the card works like a regular credit card.
Applying for a lot of credit in a short time can lower your score. Only apply for what you need.
A longer credit history can help your score, so think carefully before closing your oldest account.
Review your reports from Equifax Canada and TransUnion Canada. If you find a mistake, ask the credit bureau to correct it.
This page offers general information. Contact us to learn more about our financial empowerment programs.
The Afro-Caribbean Food Bank Canada Centre (ACFBCC) serves diverse communities across Edmonton, with a focused commitment to newcomers and Black, Indigenous, and People of Color (BIPOC) populations. While we specialize in culturally appropriate food options, our services are open to the public and available to anyone in need, regardless of race, ethnicity, culture, or background.
Charitable number 796758969RR0001
Afro-Caribbean Food Bank Canada Centre (ACFBCC) – All Rights Reserved. | Designed by Black Business Edmonton
