[Ep. 442] How to Rebuild Your Credit from Zero with Becca Mintz

This episode of the More Money Podcast is supported by Capital One Canada. To learn more credit building strategies, visit their Learning Hub.

And we’re back for Season 22 of the More Money Podcast, and just in time for my favourite time of year — Financial Literacy Month! To kick it off, I’ve invited Becca Mintz, VP of Credit and Data at Capital One Canada, on the show to talk about a subject many still feel is taboo. I’m talking about having bad credit.

Here’s the thing, there are a multitude of ways that you have bad credit, or maybe have zero credit history, making it hard to get a credit card or a mortgage. But that doesn’t mean you’re bad with money and it doesn’t mean you don’t have any options. Anyone can rebuild their credit, it just takes time and knowing the steps to take to get you there.

In the episode, Becca and I clear up some misconceptions and myths about credit (like how checking your credit score negatively impacts it… it doesn’t), discussing tools and strategizes to help you rebuild your credit, and why educating yourself about credit is one of the best ways to improve your financial future.

Takeaways

Financial Literacy Month is crucial for educating Canadians about money.
Capital One specializes in transparent credit products for Canadians.
Checking your credit score does not negatively impact it.
You can rebuild your credit score after damage.
Different credit bureaus may report different scores for the same individual.
Newcomers to Canada can start building credit with secure cards.
Responsible credit use is essential for improving credit scores.
There are no quick fixes for credit issues; consistency is key.
Community support can help individuals on their credit journey.
Capital One aims to provide second chances for those with damaged credit.

Things I Mentioned in the Episode

Check out Capital One Canada’s new Learning Hub
I’m giving away copies of all the books featured in this season of the podcast! To enter, visit jessicamoorhouse.com/contests
My free resource library, where you can find budget spreadsheets & more!
Apply to enroll in my investing course Wealth Building Blueprint for Canadians
Check out my shop!

Follow Capital One Canada

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