Navigating Canada’s financial system as a newcomer can be challenging, particularly without a Canadian credit score. Without this history, accessing basic financial tools like credit cards, car loans, or even apartment rentals can be an uphill battle. However, Equifax is introducing a new program that could help. Starting this week, Equifax’s Global Consumer Credit File (GCCF) will allow newcomers to transfer their credit scores from their home countries, making it easier for them to access financial services in Canada.
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