One of the misconceptions that many people have is that building good credit means that you have to get into debt. However, this just isn’t true. It is possible to build a good credit history without selling your financial soul and paying interest. But if you want to do it quickly and thoroughly, you will need to use Canadian credit cards.
Why Bother About Building Credit?
It’s true that you need you to pay attention to the information in your credit report. Even if you aren’t borrowing right now, you need to keep tabs, since someone might have stolen your identity and could be getting credit via fraudulent means. But that doesn’t really answer the question of why it’s a good idea to bother with building a good credit history in the first place.