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New citizen credit

New citizen credit

Old Nov 14th 2019, 2:31 pm
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Default New citizen credit

Hi guys,
EDIT: Should I sign up online first? Would a mailbox address help for proof of address.

Following my citizenship (which was supposed to be at birth, meaning it could cause some issues) being given to me, I flew out to Alberta and as Calgarys employment rate is low atm, I've opted for Edmonton.

I hope to start up a psychology/psychotherapy/hypnotherapy room to build income but meanwhile, as I've become disabled at age 33, I've used up my savings the past 7 years- to live on.

Would anyone have any ideas or tried and tested stories of New immigrant programmes and unsecured cards to build credit?

Kindest thanks
Darwin

Last edited by DarwinCharles; Nov 14th 2019 at 2:39 pm.
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Old Nov 14th 2019, 7:14 pm
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Default Re: New citizen credit

A friend of mine was in the same boat as you, ie- no credit history in Canada. He went to the bank (TD) and applied for a credit card to build up his credit. They made him deposit $2,000 and gave him a measley $500 credit limit. So he had $2,500 in total. He did this for 1 year and then they gave him $4,000 credit.

This combined with a mobile phone, cable TV, electricity and gas bills helped him establish a credit rating in Canada.
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Old Nov 14th 2019, 7:37 pm
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Default Re: New citizen credit

Thanks for the reply. Great stuff.

I'm wondering if anyone has also had experience of new comers bank packages and getting a mail address rather than just PO Box.

Thank you again
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Old Nov 14th 2019, 7:52 pm
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Default Re: New citizen credit

Originally Posted by DarwinCharles View Post
Thanks for the reply. Great stuff.

I'm wondering if anyone has also had experience of new comers bank packages and getting a mail address rather than just PO Box.

Thank you again
I'm not sure what you mean. Didn't you say that you flew out to Alberta? Where are you living right now?
I don't know how the bank would react to giving a newcomer to Canada a line of credit with only a PO box as a mailing address.

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Old Nov 14th 2019, 7:55 pm
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Default Re: New citizen credit

I'm a new comer but a citizen by way of my father. I see there are bank packages designed for new comers and wondered if anyone had gained experience of them.

I'm back in the UK, with 4 lessons to complete to put towards the business I want to start up, I hope to move to Alberta in April.

Thank you
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Old Nov 14th 2019, 8:18 pm
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Default Re: New citizen credit

https://startright.scotiabank.com/newcomers.html

You will need a physical address, but you can set up your initial account online and complete it once you have arrived. You may be able to get a secured credit card - I paid $1000 into a GIS with the bank when I opened the account and was given a $1000 credit limit. To get a line of credit without a job or any provable income may be difficult, unless it's secured against property (never a good idea).

If you are talking about getting the funding to start your own business, you might be able to qualify for that as a Canadian Citizen https://canadabusiness.ca/starting/f...-new-business/
https://canadabusiness.ca/programs/n...epreneur-loan/

Do be aware that you won't be able to work in psychology/psychotherapy/hypnotherapy unless you have the required certifications from Alberta.https://www.ccpa-accp.ca/membership/certification https://www.ccpa-accp.ca/profession/associations https://www.acta-alberta.ca/

Last edited by Siouxie; Nov 14th 2019 at 8:24 pm.
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Old Nov 14th 2019, 8:32 pm
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Default Re: New citizen credit

Setting up with a disability is hard. I was super fit and on my way to work in FL following my Psychologist degree. A tick bite ended that and put me in a wheelchair. I can now work around my health if I do limited hours, on days that I can cope. A real trash hand dealt but I'm doing what I can with it.

Hypnotherapy in Alberta is unregulated, though my current addition studies cover UK and also a couple of USA states. In the UK, it is currently also unregulated. I will continue in psychotherapy as I build a client base in hypnotherapy. Counselling is different fortunately, not something I'm interested in but I did check those websites out before so thanm you for providing the links again very grateful to you.

I don't think as a 'settler' I'll be allowed to submit to disability for a short time. As soon as I could walk a few paces again, I've wanted to be off of it, you cannot live properly on it at all.

I'm trying to work out the best ways to navigate all this. Systems are designed not to help the disabled much.

Thank you

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Old Nov 14th 2019, 9:26 pm
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Default Re: New citizen credit

TBH ........... Canada is not the best place to live with a disability.

It's better than some other countries, but not anywhere close to the UK.

I have a couple of friends who had that tick bite. One is still suffering, another took years to get back to work properly but that was work he had been doing before he became ill (university professor), only he went to a warmer climate.
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Old Nov 14th 2019, 9:30 pm
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Default Re: New citizen credit

It's certainly a struggle for sure but the constant UK rain and darkness piles depression on top. I wanted to move to Canada at 22 but the Gov took until I was 39 to issue my citizenship. My sister is moving to Alberta so I'll have someone nearby. Tick bites are vicious for sure, who knew it could almost kill a person.

I can work from home probably 30 hrs a week, I just need to set up and then get clients
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Old Nov 27th 2019, 2:27 am
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Default Re: New citizen credit

Scotiabank and BMO both informed me that Canadian citizens are ineligible for their newcomer bank account packages. I am a citizen but have not resided in Canada since I was three years old, but was still told I was ineligible. I suppose this is because it is impossible for a Canadian citizen to prove that they have never lived in Canada before.
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Old Nov 27th 2019, 2:51 am
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Default Re: New citizen credit

I obtained a President's Choice Financial Mastercard however, despite having just arrived in Canada with no job or credit history in Canada. This was after one of their sales representatives approached me while I was shopping in a Shoppers Drug Mart. I showed her my Canadian passport and she typed my application into her ipad. Initially my application did not go through because I did not input a Canadian phone number. She may have asked for my Social Insurance Number (SIN) but I cannot remember. She certainly asked what my salary was in my last job in the UK and she input the value after I converted it to Canadian dollars. If I remember correctly she did not ask for proof of address.

A few days later I received a phone call from President's Choice and they just asked me to confirm verbally the information in my application. Then I received an email from them that my application had been accepted and that my credit card would arrive in the mail in 7 - 10 working days. When it arrived the credit limit was $1000.

When I opened my bank account with BMO they accepted the address on the letter from Service Canada with my SIN as proof of address. This is in contrast with Scotiabank who demanded a letter from my landlord.
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Old Nov 27th 2019, 8:42 pm
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Default Re: New citizen credit

Capital One is pretty lax on who they give cards to, they basically have no real hurdles for their secured card, they require minimum of $200 and I can't remember what their maximum is, but the credit limit is whatever you deposit, so deposit $1,000 you get a $1,000 limit.

Canadian tire is more lax as well for their credit card. Wal-Mart used to have fairly low credit requirements as well for their card.

They don't offer the best rates and may have annual fees but Capital One is how I got started originally, they were the only ones willing to give me credit with no history.

And being disabled in Canada can be rough, there is fairly limited supports, and some provinces are better than others.
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