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I’ve been living in Toronto now for several years (I’m originally from Argentina) and I’ve been trying to build my credit, but I keep having problems. I have a couple of credit cards but I’m getting turned down when I apply for loans or other credit. What am I doing wrong?

The most obvious thing in building credit is paying all your bills on time –— this includes not just credit card bills, but phone and cable bills. But even if you pay your bills on time, this doesn’t guarantee that you are building good credit. For instance, if you...

I’ve been living in Toronto now for several years (I’m originally from Argentina) and I’ve been trying to build my credit, but I keep having problems. I have a couple of credit cards but I’m getting turned down when I apply for loans or other credit. What am I doing wrong?

The most obvious thing in building credit is paying all your bills on time –— this includes not just credit card bills, but phone and cable bills. But even if you pay your bills on time, this doesn’t guarantee that you are building good credit. For instance, if you...