Credit Score 101 | Let's Talk About the Credit System, Debt, Finance Canada

[@Notaprogolfer]

If I didn't watch this, I would have thought avoiding credit entirely is best. Thank you.

[@TobiDerin]

Glad you watched it. If you’re disciplined and you understand how it works then you’ll definitely be good. I only spend money that I have in my debit on my credit card. I just use my credit card to build credit history and I send the money from my debit to credit as soon as I pay the bill or make the purchase. You don’t have to use it for “debt” or for an emergency. Thanks for watching 🙏🏾💕

[@ejamebassey2005]

So you have both cards... credit and debit cards?

[@TobiDerin]

@@ejamebassey2005 yeah

[@elishajohnson3949]

I now anticipate your videos because I really find the things you talk about helpful. Please keep them coming.

[@TobiDerin]

Glad to hear! 💃🏾. Thank you for watching 🙏🏾💕

[@O5I9]

I use MOGO and it has helped me stay on top of my credit score! 🎉 it’s a great resource!

[@TobiDerin]

Same! That’s great to hear 💃🏾💃🏾. Thanks for watching 💕

[@Elikemish]

Just signed up with MOGO. Looks very straightforward and we’re already off to a great start. As always amazing video ❤️❤️❤️

[@TobiDerin]

Nice 💃🏾💃🏾. You’ll love it! Yes, that’s the goal! 🙌🏾🙌🏾. Thanks for watching 🙏🏾💕

[@folabello8163]

Wow. Thanks for explaining it and preparing us because nothing like credit score here o. Now I know mistakes to avoid when I get to Canada.

[@TobiDerin]

I didn’t know these things when I first got here, had to learn it myself. Not a problem ❤️. Glad you found it useful and thanks for watching 🙏🏾💕

[@arionlexi]

Tobi never get old, always young and beautiful 😭😭😭. Mama born you well 💘

[@TobiDerin]

Thank you! 😊. Yes o! She’s a 👸🏾. Thanks for watching 🙏🏾💕

[@shola5927]

Thank you . Just downloaded it

[@TobiDerin]

Hope you're enjoying it 💕

[@shola5927]

@@TobiDerin yes . Easy to navigate and understand

[@asamakachukwuka4220]

This video is very informative, thanks for sharing information about Mogo. I will sign up!

[@TobiDerin]

You’ll love it! Thanks for watching 🙏🏾💕

[@ahounfe]

I actually use Mogo & I love it. Thanks for the info xx

[@TobiDerin]

I love it!! Thanks for watching b 🙏🏾💕

[@ubongjosiah795]

The MOGO app looks really exciting.. I’ll definitely check it out 👊🏼

[@TobiDerin]

You’ll love it! Thanks for watching 🙏🏾💕

[@tolulopegidado4784]

Thanks for the information, I always look forward to your videos because they are always interesting and full of information needed to get settled in Canada.

[@TobiDerin]

Aww 🥺🥰. I thank God for the Grace. Thanks for watching 💕💕

[@abdulhafeezdaramola5003]

Nice video Tobi, this will go a long way to educate people already residing in Canada and people willing to come. Keep the flag flying

[@TobiDerin]

Yess!! I have “thank you” messages from people here in Canada & aspiring immigrants. Thanks for watching 🙏🏾💕

[@isaacfemi3386]

I have been a fan of your work I found this video helpful for visa application pls help me with more tips for students visa

[@okimchristopher4596]

Tobi, your videos are so insightful I must say! Your presentation is down to earth. You say it as it is! and may I add that you act and sound humble. The information I have gained on your channel is immense. All I can say for now is may God bless you and increase you. Hopefully when I come to canada, I will see you and get you lunch! 😊

[@bukonlaosokoya7037]

Nice one

[@TobiDerin]

Thanks for watching 🙏🏾💕

[@dareemmanuel6079]

Congratulations on your sponsorship!

[@TobiDerin]

Thanks Dare! 🙏🏾💕

[@ExtraStepsCeo]

You nailed, i am always careful with my credit score and I make sure I pay in full monthly, not the minimum payment because that is just running from inevitable gbese, never heard of the app, I will check it out

[@TobiDerin]

Yes, same! We don’t want gbese. Thanks for watching 🙏🏾❤️

[@ERVPEARLES]

Well informed. Thanks Tobi.

[@TobiDerin]

Thanks Muyiwa! 🙏🏾💕

[@olivelanguagespace]

You explained it so well, thank you

[@TobiDerin]

Glad it was helpful! ❤️

[@TobiDerin]

Thanks for watching! Update - MOGO is canceling their Bitcoin cash back and focusing on climate change. So if you’re opening an account for the purpose of Bitcoin cash back, please know that they have made a decision to stop this reward system after Sept 2021. - app.mogo.ca/e/ACdAEoIC19?referral_code=LEYEBSDJ

[@kehindenice1ogundipe264]

Thnx Tobi for the formation am ur new subscribers pls i need ur email address am planning on moving to Canada but I don't know how to go about it thnx

[@oriseibude]

Hello Tobi. Nice video. Can you throw more light on what you meant by "don't close out your oldest credit card".

[@TobiDerin]

Sure! The main reason is because your credit history/length affects your credit score. The longer you’ve had your credit account in good standing the better for you. That gives them long history/report of you paying your bills on time/in good standing since closing your first credit card will shorten your average credit age. They will see the consistency when you have longer credit age as it shows how long you’ve managed credit and you’ll be considered less risk if you’ve been in good standing.

[@oriseibude]

@@TobiDerin Most appreciated

[@jossiechy]

Merry Christmas 🎄🎁 sweet Tobi❤️

[@TobiDerin]

Wish you the same! 🎄🙏🏾💕

[@Maflow360]

Absolutely informative. Thanks.

[@TobiDerin]

Thanks for watching 🙏🏾

[@ubongjosiah795]

Amazing and informative video Tobi! 👏🏽

[@TobiDerin]

Thanks for watching 🙏🏾💕

[@osenitemitope8803]

Thanks for the info ma God will continue to bless you💓

[@TobiDerin]

Amen 🙏🏾. Thanks for watching 🙏🏾💕

[@vivianovie-whiskey1884]

Insightful as always Tobi. Well done girl! 👍

[@clementadesina6327]

very informative ... kudos to you

[@TobiDerin]

Thanks for watching 🙏🏾💕

[@martpeteranimashaun3305]

Thanks for the information, Tobi

[@TobiDerin]

Thanks for watching 🙏🏾💕

[@umamatbidemi2517]

Thank you Tobi😇😇

[@TobiDerin]

Thanks for watching 🙏🏾💕

[@somidirisu9373]

Thank you for sharing ma !

[@oscarlubilanji4861]

Thanks for sharing

[@TobiDerin]

Thanks for watching Oscar! 🙏🏾💕

[@danielemechete6448]

Good information, thanks for sharing.

[@TobiDerin]

Thanks for watching Daniel 🙏🏾💕

[@danielemechete6448]

@@TobiDerin you're most welcome.

[@tessyaduwari8851]

Once again, extremely helpful and useful information 🔥🔥🔥 Hewu Tobi, you will make heaven 😩🙌🏽🤍

[@TobiDerin]

Thanks sis! 💕💕 Amen o! 🙏🏾🙏🏾🙌🏾 you too! 🙏🏾

[@ashtonplus10]

Good one

[@TobiDerin]

Thanks for watching 🙏🏾💕

[@WazirinJosnEnvirons]

hehehe I like this, discussing 'debt and debt products' in the context of 'financial health', this is when you know you have landed in obodo oyinbo 🤣 well done

[@TobiDerin]

Yes o! Financial health is very important here! We have landed o 😂😂😫. Thanks for watching 🙏🏾💕

[@WazirinJosnEnvirons]

Warn people as well about leveraging life-style off all your future income. It's okay to say no..that new phone is not necessary. Affording monthly payments is not the same as affording the good or service. Many of my Canada set of 2005 are in financial purgatory.

[@TobiDerin]

@@WazirinJosnEnvirons that’s very true & important!!! 💯

[@isabellaomoloye9086]

Nice one😌

[@TobiDerin]

Thanks for watching 🙏🏾💕

[@augustinaonuwundijo9580]

Nice program

[@TobiDerin]

Thanks for watching 🙏🏾💕

[@oyindamolaolumide94]

Na to go download Mogo be that oh

[@TobiDerin]

You’ll love it! Thanks for watching 🙏🏾💕

[@yetundeladipo5089]

Informative video

[@folaa316]

@ tobi for solid content ⭐️👊🏽💕

[@TobiDerin]

Yes! Thanks for watching 🙏🏾💕

[@optimabreeze]

Very interesting

[@TobiDerin]

Glad you enjoyed it! 🙏🏾💕

[@arionlexi]

I'm late today 😭😭😭. But still watching with family Tobi is the New face of Africa. Guys let's keep watching Tobi. She has a good content. Can someone call me T.D.R🙌🙌🙌

[@TobiDerin]

TDR 🙌🏾🙌🏾🙌🏾. Thank you so much! 🙏🏾💕

[@arionlexi]

@@TobiDerin I'm planning to move from Dubai to Canada because of you. I love your videos

[@sinansn6499]

Nice video

[@jossiechy]

So one must take credit in Canada? Hmmm we wey dey come from najia , as an adult i have never collected loan from bank. I don’t even like borrowing. I love living within my reach always . Thanks for sharing ❤️

[@TobiDerin]

It’s not a “must” but with the way things are designed here, living without a credit card can make things difficult as you might need it for small holds in the future (such as car rentals), there are also some places that only accept credit card so it can be annoying. Then the area of credit history for house mortgage later on (except you’re planning to buy your house with cash tho). I only use my credit card to build credit history and for situations where only credit card is accepted. I use my credit card for my lower bills (e.g Apple Music etc). I usually have the money in my debit or have cash then I transfer it to the credit card after I’ve used it to pay the bill.

[@jossiechy]

@@TobiDerin ok ✅. I have learnt another one now ☺️.

[@ekeneebenebe2502]

All this info for Free🤯

[@TobiDerin]

Yess! It’s the best! Thanks for watching 💕

[@ashaolumartins3794]

Good day! Pls what do mean by credit card. Credit card is it an account or what! Cos in Nigeria we open account. Pls expanciate it

[@demperor8718]

Please if it's important please 🙏 I need explanation on it and how to apply for it

[@demperor8718]

@@usahackerzoneongooglechat7158 ok

[@TobiDerin]

Hi, are you in Canada right now? As you will have to reside in Canada to be to apply.

[@demperor8718]

@@TobiDerin am not in Canada now Am in NIGERIA presenly I want to apply for the permanent resident visa so I want to know if I need the IELTS exam for my application for the visa or maybe I can do it when I come to Canada

[@demperor8718]

Please am confused about it

[@adakolevictoria]

Thanks for this.

[@TobiDerin]

Thanks for watching Victoria! 💕

[@sundaytimilehin7605]

Hi, thanks for your helpful and impactful videos.please I have this questions. #how to move to Canada with children from Nigeria. #must I secure a job before I can move to Canada #The cheapest means of moving to Canada #how can I get a job from here before moving to Canada and accommodation. Thanks for your response in advance

[@mbanefoanieto5029]

Reminds me of a man who walked into a car dealership and dropped a $20000 dollar cheque. Typical Nigerian. He doesnt believe in credit and I don't blame him. We pay for everything we own down here.

[@TobiDerin]

Yes o, we are so used to paying for everything but we need to build credit over on this side

[@dorcasifeoluwakiitan7990]

Hey Tobi. I missed you. My phone got stolen. How have you been? Seems I have missed a lot...

[@TobiDerin]

Hey!! Sorry about that, hope you didn't loose important information from the phone. I've been okay o, pushing through. I hope you have been doing well and staying safe

[@dorcasifeoluwakiitan7990]

@@TobiDerin we mueuve

[@FrankEkweonu]

Hello tobi I hope we do not need to input our credit details for the mogo... for safety purposes?

[@TobiDerin]

Hey Frank. No, it actually doesn’t ask for extra info like your SIN.

[@demperor8718]

Please I want to move to Canada but I don't know if I need the IELTS exam

[@TobiDerin]

It depends on what immigration route you’re using (not all international students have to take the ielts for school) but eventually, everyone will take the ielts exam.

[@damilima]

Are students also entitled to credit cards?

[@TobiDerin]

Yes b! The credit card I use is the one I had when I was in uni. One must be 18 or 19 years old (depending on the province) to get a credit card on their own.

[@eniolafawole]

So I'm coming alone to Canada next year to study for my masters and I also intend to there permanently, so what do I do? What are things I should do?

[@omobolajikasali8855]

Thank you for all you do Tobi ♥.. How we fit pay you back sef? 😂 😂 Will be coming to your email very soon abi will be sliding into your email lo correct ni 😂 😂 😂.. Thank you for all the good and educating contents ♥

[@mayungboayoola370]

Please help me out... what's the real site to apply for Canada visa

[@TobiDerin]

Canada.ca

[@mayungboayoola370]

@@TobiDerin thanks you ma... please I have applied in one site before but I was not sure if the site is real, they have collected about 20$ from me now they're asking me to pay 190k to get a job and every other things that I will need to do here

[@theodoraolumekor9336]

So basically I have to learn how to je gbese to enjoy certain benefits? Nawao

[@TobiDerin]

Kind of 😭😭😭. Just learn how to manage it so it doesn’t enter real gbese. Haha thanks for watching 💕

[@theodoraolumekor9336]

@@TobiDerin Lmaoo. But it Is already gbese. This is where I might really struggle because I don’t like gbese. I won’t be able to sleep

[@adjoaaj7593]

will a foreign credit score translate to a canadian one?

[@TobiDerin]

They don’t, one will have to build their Canadian credit history from scratch. I also think it depends on the lender.

[@adjoaaj7593]

@@TobiDerin wowww thats wild

[@withmii]

Nice one

[@bennybentleyy]

Nice one

[@TobiDerin]

Thanks b!

[@bennybentleyy]

Nice one

[@TobiDerin]

Thanks for watching 🙏🏾💕