CREDIT SCORE EXPLAINED 🇨🇦 | HOW TO BUILD A HIGH CREDIT SCORE IN 🇨🇦 CANADA? | Piyush Canada

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[@vikramjitsingh8816]

Pinned kardo bhai Pehle waalo mein se hu ❤❤

[@bishnoi.pawnesh]

Bhai you are the only creator to upload GENUINELY needed topic for international students...while others are busy in misguiding students by making negative videos about canada only for few views.Keep uploading thses type of information videos bro

[@ApurvaPatel027]

Yeah sure he does

[@sufyanmukri9610]

I agree with ur pts of auto pay. In my opinion, we should keep even credit card bills and monthly rent on auto-pay because those also should not be missed. However, we should keep checking regularly what transactions and inquiries are done

[@aaykay4060]

Very informative for newcomers. I’ve heard so many people say you need to carry a balance in order to build a credit history. Anyone who says that doesn’t know what they’re talking about and don’t take financial advice from them.

[@shubhamchaurasia9147]

Real business no bullshit no mustang no show offs i like the simplicity of ur vlogs. Thanks for sharing insights appreciate ppl like you on youtube specially when a person is planning to study and immigrate as a responsible mature being ❤

[@8DHungama]

I hope you reply to this comment. I never missed a payment, used under 35%, used for different transactions, one credit inquiry, not able to take my score over 740

[@kshitijwalwaikar5968]

Hey! I was researching and trying to read about credit systems/cards and came across your credit score video. This video acted as a major eyeopener for me, and shocked me on how small actions can wreck credit score, and impact life in the long run. As someone who has almost zero knowledge/usage of credit card I feel like I hate this credit history system, but as the saying goes, "Don't blame the system, Instead play the system and excel it." I remember a famous Bollywood movie dialogue, " Swipe karo, Aish Karo!" That was such a stupid lesson lol.

[@PiyushCanada]

I am genuinely happy to read your comment

[@daljeetkaur6957]

Piyush beta aap pehle bande ho Jo sab kuchch positive se batatey ho otherwise all r says negative They sapred negativity for Canada now All the best 👍👍🎉

[@deepabhatt40]

My son just moved to toronto for studies & I am always worried about him but your videos gives me strength.... I watched your videos from last 3 months and its very helpful 😊

[@PiyushCanada]

You’re very kind. Thank you.

[@ziahyder]

Thanks a lot. It's really a precious information that reflects all over our life. Looking simple but critical in depth.

[@aerynhellscythe3145]

Good morning Piyush.... Could you please tell me best credit card for international students like I heard cibc dividend is good but there is also highest cash back wala Neo card.... Please help as I have cibc appointment in 3 days ! Have a great day

[@bristibhatta19]

Thank you so much!!! Just yesterday I check my credit twice in two different places to buy a new phone but they declined as I am not employed yet and my credit score is minimum. Thnak you for the precious information.

[@Diewob]

Thankyou for making it soo easy Piyush, you made it soo smoothly to transition from India to Canada.

[@amandeepsingh7564]

my credit score today is +700 all credit goes to you piyush vai agar me apko india se follow ni krta apko points ko consider krke unko abide ni krta to ye kabi ni ho pate. thank you so so much piyush vai to put out content that actually helps people like us rather than posting bs like dark reality and stuff which rather got you more views and numbers. I really admire your dedication towards the quality of your content. you inspire me a lot piyush vaii :))

[@Harman_Chopra]

Nice video, thanks for the info. If possible, please make a video on investments one can do apart from TFSA, FHSA and RRSP.

[@Panjabzindabad84]

Bhai canada ate hi 2000$ ka credit card mila tha , 1 saal hogya 1920 khrch kr beth jata hoon 😂, pta sab hai ki galat hai lekin khrche ho jate hai ik do baar pura bhi pay kiya phir bhi next month gadi track pe ni ati ,

[@rajveersharma007]

Great video!! Unique and detailed! I didn't know that the TYPE of credit accounts I have mattered too. I thought only paying my phone bill and credit card bill on time (early) is enough. Thanks for the info!

[@ishantkaushik3336]

Was waiting from a long time for this proper video considering you always include this in your most videos

[@AkankshaJain95]

Your videos are so well researched! Love watching them!

[@manavbhola]

very informative video @piyushmrewal, i dont even know about the credit score and how all the measures we have to take. It really help me shaping the credit score of mine.

[@devpatel6502]

Wow, brother that was the thing that I was genuinely looking for since I came to Canada. Thank you Piyush bro.

[@ViratRana22]

Wow! I totally agree with your thinking that all of this should be taught in schools/colleges.

[@Canadavibez]

very good bro may be u forgot but i watch ur vedios before i was in dubai now i am in bc kelowna last 2 months i really follow ur advise even for single sim cards thanks ablot for make my life easy bro keep it up❤❤

[@Canadavibez]

but i have 1 question if i use credit card 30% and but i pay off before genrate statement and i think paid more 6$ so my balance shows -6$ so its effect good or bad?

[@SachkiratSinghCanada]

Super Informative video Piyush! 👏🏻

[@ca.tirthbarbhaya]

Piyush bhai, your videos are amazing truly, you have actually explained every aspect. I just have one question , Let’s say I have 3 domestic bank credit cards and I have been using that for past 2 years. Now if I am coming to Canada for some time, should I close and surrender those credit cards ? Or should I keep as it is ? If I close and surrender it, shall I close all 3 or only 1/2 of it ? Also, This credit score that I have built for past 2 years, will that be counted in Canada ?

[@tajeshwarsingh6648]

Such an informative video. Thank you for making such amazing videos and helping people like us who are newcomers or will be coming in few month(s). Loved the video. 🙂 But my 1 question: In India while getting loans or things like Phone, Cars etc etc, we have options like SOFT ENQUIRY & HARD ENQUIRY. Soft enquiry which does not reflect your score, and hard enquiry is where it gets checked and your credit score gets impact. DONT WE HAVE THING LIKE THAT IN CANADA? Eager to know. And Piyush bro, again One request from a long time: PASSPORT RENEWAL FOR PGWP RENEWAL Video. PLEASE DO MAKE !! EAGERLY WAITING FOR THAT. When can we expect that video? Hope you'll revert for both the questions.

[@yasirhussain2597]

piyush maza agya awsome jis dedication se tu btata hai na yar maza agya jiger hai tu bro

[@ayeshatabassum4372]

hi piyush thanks for providing us such an amazing and informative videos....

[@sharmansakshi]

Thanks again! Can see the passionate finance bug in you.😂 Question - 1. Can having 2-3 credit cards impact the score negatively? 2. The free credit checks that you've mentioned on the website...does it impact the score in anyway? Thanks Piyush.

[@PiyushCanada]

2-3 is definitely a sweet spot for credit cards for a beginner. (2-3 years in Canada) Free report doesnt create a hard enquiry.

[@Theone.fitness]

One of the Most helpful creators on YT.

[@Avneet839]

Bhai really appreciate your content you are so gwnuine and real

[@writtickbiswas5238]

Very informative video Piyush....

[@muhammadhaseeb9818]

For buying a car which points to consider for financing and leasing. What key points to remember or if u already have another video

[@Singh-mf6gx]

Phone bill ka alwa or kon sa payment kr sakta ha jiska sath credit score increase ho Room rent ka toh possible nhi hq koi uska price hi bahoot zadda ha or credit card ki limit hi 30percent ha Any other bill which relates to increase credit score ???

[@simrantaneja8371]

Very informative ..I was just thinking from where to get reliable information on how credit system works here in Canada. It really helped.

[@sumeetgavade8492]

Very informative. Thank you. 👍👍👍

[@manavpatel7428]

Bhai jese apne kaha ki TransUnion ka credit report hum download kar sakte ho to vo kese kar sakte he?

[@ruchibarot8902]

Very informative video 🙌🙌 thank you 😊

[@Paradox-S.ds4g]

bro mera credit report information incorrect hai. ma abhi abhi canada aya hu aur mera credit bureau ki information kisi aur ke naap pr show ho rhi hai. ab iska kya solution hai?

[@PiyushCanada]

Call Equifax and fix it.

[@janvichoudhary3296]

Thankyou for this informative video . Really appreciate your content .

[@reubenpaul11]

Extremely Brilliant. Very well explained.

[@uditmaini8359]

Ideally it should be 10% credit utilisation if you want a boost. I have a decent combined credit limit but ive only seen the score go up when its under 10% usage. NOT financial advise, only observation

[@PiyushCanada]

I agree. As of making this video my utilization was 9%

[@fardinahmed7255]

It was really really helpful brother, Thanks for your efforts ❤️

[@prabhjotsingh647]

Very well explained 👍🏻 Bro please make a video on line of credit?

[@leprechaun130]

Well explained. Thank you for the video.

[@aaykay4060]

There’s hard credit checks and soft credit checks. Hard checks can temporarily lower your score but if you’re paying your bills on time then it rises again soon enough.

[@smwk2017]

When you apply for a credit card or auto loan, it is a hard credit check.

[@mr.himalayan6258]

You are also in BC so you also know MSP, Many students don’t pay so it also affects their credit score, if yes then how much, like how many missing monthly payments affect our score

[@user-un5nk8bu2j]

Can you please make a viedo how to use credit points while booking a flight ticket

[@ishanbhale4539]

Thank you bro, abhi credit card he collect krne ja rha tha.

[@Jeet_Rekha]

You really cleared my doubt too good ❤

[@rv99]

✨Best knowledge videos for international Students ✨

[@shahanahmad_2236]

Hi, as you told you are in finance field so how much average finance or accounting person make annually if he has professional qualification like CMA, ACCA, or after completed CPA canada. Secondly, How much current average monthly expenses. Thanks in advance

[@jasleengulati]

Epitome of Reliability 🎉 and educational content 😊

[@gagangill5465]

Bhai jab bill generate ho Gaya to kya abhi pay Kar sakte Hai ja Fer near the due date he kare?

[@fillerriller9463]

Bro as you said , you had paid your tuition fees through credit card , how much is your credit card limit and what is mandatory amount to pay fee every month

[@shahanahmad_2236]

Informative vedio Keep up the good work

[@siddharthsolanki6152]

which is the one credit card you recommend for new work permit immigrant . please tell

[@PrabhjotSingh-kt3fq]

Bro as u said in the video, i was unaware about that walmart’s mastercard, one of the associate’s came to me and asked me to apply for the same ; i got that credit card one month ago but haven’t activated it yet and now when i checked my recent credit history my credit score dropped by 30 points . Now what should i do with that walmart’s card? Should i close it or leave it inactive?

[@InfinitiMindAI]

First of all, your utilization should be under 30% not 35%. Also, you can use more than 30% of your credit limit as long as it you pay the difference as soon as possible. Example: $1000 Credit Limit, you do a $500 transaction and pay the $200 difference (from 30%) the same day or within 1-2 days. The utlisation rate gets updated to the bureaus within 3-4 days from the transaction. So you can transact, and pay the utilisation difference by then.

[@PiyushCanada]

Read here Transunion official says 35% www.transunion.ca/credit-score But I am sure you’re right as well. 30% is the sweet spot. Also yes you’re right about using more than 30%, for the purpose of this video I didn’t wanna make it more complex by introducing reporting date and billing period. As long as usage is below 30% before/on the reporting date, you can use as much as you like. A little advanced concept.

[@dharmikprajapati6800]

I was actually looking for this information in the video. I want to purchase a laptop that costs around 800 with a credit card with a 1000 credit limit. Thank you.

[@PiyushCanada]

@dharmikprajapati6800 what you can do is oay for it with your CC. And then immediately pay $500 down on the card so it doesn’t get billed. That way you still stay under $300 / 30% utilization.

[@InfinitiMindAI]

Also, an information for the people who have High Limit Credit Card or people who can lower their dependancy on credit cards. If you stay under 10% Utilization Rate, you can increase your credit score much faster. This is not mandatory, but this effectively helps much faster in increasing the credit score.

[@aaykay4060]

I just pay my entire bill before the due date every month. I’ve never worried about % utilization too much. Sometimes you have large purchases or expenses. My score is 870. Choose a good card that gives you cash back or points. I use my points to upgrade to business class when I travel.

[@Hundal22Youtube]

Please make video how to remove unwanted credit accounts on your credit card i mean like mismatch information with soemone. It will help thousands of people its request from me . Thanks

[@smwk2017]

Landlord can send your unpaid rent to collector agency. This will ruin your credit score fast. The same with utility bills, if you owe utilities under your name.

[@PiyushCanada]

100%

[@InnocentAstrolabe-zy8yg]

Piyush vaiya should we take marketing or which specialization in BC for PR? During MBA

[@mohitloura5866]

What if your statement generates on 10th of every month, due date is 28th. You pay bill on 22nd - 25th but you use it again on 26th or 27th?

[@Sumanprabh]

While opening gic account..my account show i already have credit card and I didn't got student credit card from Scotia and this thing still not fix it i tried everything.....what is the fast way to remove that thing ....?? Any suggestions

[@JeetSan]

Literally the guide newcomer needed

[@sunitag9284]

Thanks a lot.. Please explain what are credit products.. Want to know more..

[@JasS-pb29]

Bro taxes par vdeo bnao har province ki alagg alagg Puri detail mai

[@doodle669]

I want to ask that if I am coming to canada , and i have hdfc good cr card and my cr history is good here actually excellent. Will that be taken into consideration by the banks of canada before issuing their cr card to me WILL my indian cr score make any difference in creating better credit history in CANADA ?

[@PiyushCanada]

Credit history doesn’t transfer across countries.

[@preettkang]

Bro short term trading Konsi app sy kru yha ontario my binance ban hai edr as a student kaise me trading start kr skta Hu bta skte ho ?

[@harsh8307]

Where can i get more information on using reward points or points by using my credit card for transactions? also does using rewards points to get something affects my credit score or my credit history?

[@hardeep0047]

Bro, I just got a credit card (2 months ago)and I didn’t liked it at all. I want to close it now. Will it negatively affect my credit score

[@RajniChoudhary-dk5db]

Keep sharing such informative videos. ❤

[@naniparikimastiyanpakistan6507]

Thank you from Pakistan Canada 🇨🇦

[@VivekSingh-hy1dk]

Keep more of this content coming. Financial literacy ki koi bhi baat nahi kar raha.

[@the_wanderer_singh]

Let’s say I made a transaction through CC and paid it off immediately on same day or next day. Does that impact the score negatively?

[@PiyushCanada]

If you don’t let your bill generate. Then technically your usage is 0%. Let a bill generate of 10-30% of your total limit then pay it off in FULL.

[@maisunali2805]

Bhai sab course sahi choose kro bol rahe hai Bhai kensley college Montreal me cyber security lene ki sonchraha hu kiya wo sahi rahega???

[@parthsolanki9273]

Loved the content 😮

[@utkarshsingh6876]

Can you make more videos on credit cards, credit scores and bills with more details? Please 🙏

[@dominicex1132]

Should our available credit always be at its limit ( 1000 dollars ) ? Or if it's around 500 600 so it's fine ?

[@oldskool8371]

If my score 560 after 4-5 months landing here so is it bad for me or its going good ?

[@Theone.fitness]

Bhai Construction mangement ka scope batao Canada me. Ya koi video banao please.

[@meshwapatel7077]

bhai, smipli CIBC k upar ek video banao....that how it works..?

[@himanipatel906]

Hii Bro,, I have one question,,I have visited walmart and one lady did the same thing..She took my personal information and after someday i got walmart credit card. I have not used it even I don’t have start that credit card and it is as it is. Can you please let me know what should I do and will it affect my score in future,?!

[@PiyushCanada]

They pulled your credit without your consent or with deceit for their commission.

[@DrUsman_001]

Normally I've enough money in debit card to purchase but my bank deducts charges on the base of number of transactions. Therefore I usually use credit card, and mostly its usages increase to 50%. What can i do to resolve this? Cash payment is an option but not secured.

[@PiyushCanada]

No problem, just pay down immediately after using credit card the same day. If you bank is charging on every transaction. Change your bank.

[@agastepaul]

Again thanks for ….more …Amazing video ❤means a lot and hope u fine there and take care

[@jaspreetsingh-hd6gv]

I applied for another Card -- after 3 months Gaadi -- I used 40% of my limit and score went down by 35 points straight and 5 enquires now because opened 3 account and closed later

[@PiyushCanada]

😲😯

[@UprootedWanderer]

Thank you so much!

[@Deepak-kl1lh]

Anyone for UNIVERSITY OF NEW BRUNSWICK Saint John campus January intake or any other college in the city?

[@siddheshkakade_]

Hello Piyush, Thanks for sharing such a detailed information. I am confused between Neo CC and PC financial CC, could you please let me know which one is better and also could you please share your reference link, thanks.

[@Parmjitsingh-mx3fx]

God information 🙏 🙌

[@rupinderpalsingh1229]

Good video.

[@jaypatel1083]

i needed this a lot thanks

[@harleenwaraich8270]

From where did u get this information? Please tell 🙏

[@LS-ot5rp]

Excellent Job))) Thx

[@naumaanattarwala]

Is there any mean to transfer credit cards to Canada from India. I have above 860 credit score and would like to know any way to get this history transferred.

[@PiyushCanada]

Haha I wish. I had 800+ in India as well. Sadly, no. You have to start afresh.

[@naumaanattarwala]

Thank you so much. Likewise I am too very fond of planning personal finance and interested in the same.

[@shahdrashti3816]

same walmart thing happen with me just 2 to 3 days before. kash pehle dekhi hoti

[@PiyushCanada]

☹️

[@abhiabhinay4876]

It's very clear thanks

[@abhayrajyadav7702]

Piyush bhai aapne kaun se domain me MBA kri hai....???

[@user-wl3qj2zl1w]

Bhaiya 1000 dollar per month ho ta hai ? Ya full year ka

[@AbhiSinghThakur]

Need more videos on financial literacy