Nova Credit’s Post

Transitioning to a new country comes with its fair share of challenges, and establishing financial stability is often one of the toughest. Reflecting on my own experience when I first arrived in Canada, I faced a significant hurdle in obtaining a credit card. Despite having a debit account with one of the major Canadian banks it took me a year to secure a credit card, and even then, my limit was under $1000. Recently, my friend encountered a similar struggle upon relocating to Canada. He found it difficult to get a credit card until he came across Neo Financial’s Secured Credit Card. This product proved to be a game-changer for him by: 💰Simplifying Credit Access: Easing the process of obtaining credit. 💰Building Credit History: Offering a practical way to establish a strong credit profile. 💰Managing Credit Effectively: Facilitating better credit management. Neo Financial’s Secured Credit Card is a prime example of how innovative solutions can tackle real-world challenges. Increased awareness of such products can significantly benefit those facing financial hurdles and support their journey to stability and growth. #Fintech #NeoFinancial #CreditBuilding #FinancialInclusion #Newcomers #Innovation #PersonalFinance

Great insights, Divy 🙌 Building credit can be a real challenge, especially for newcomers or those looking to improve their financial health. Our approach to making credit-building accessible and straightforward is a game-changer. It's all about empowering Canadians to take control of their financial futures with the right tools and guidance

Cover big expenses, pay down high-interest debt or make home improvements — these are just some ways a cash-out refinance can help with long-term goals. Check out this article to learn more: https://lnkd.in/eGE4Xfez

More reductions on rates today! Including HSBC, TSB, and Virgin Money, have announced rate cuts to products for some of their products today. With Virgin also Launching a number of exclusives that I have access to. This is more positive news for the market, as I am seeing more enquiries from new buyers who are ready to make a move. We are updating our records for all our existing clients and we will get back to you soon with the new rates. Remember, the banks will not inform you if the rates go down after you lock in a rate with them. That’s why you need a broker to help you. #whyuseabroker #Mortgagebroker #reducingrates LIFT-Mortgages

If you’re in the process of moving to Canada, your finances are one of the first things you’ll want to sort out upon arrival. Many newcomers may feel overwhelmed by the number of banking options available, especially because most banks will claim that they have the best offer for newcomers. Our partner, Scotiabank, is here to help you cut through the noise and simplify the process. From understanding banking basics, finding the right advisor, setting financial goals, and more, Scotiabank’s 𝘚𝘵𝘢𝘳𝘵𝘙𝘪𝘨𝘩𝘵™ Program for newcomers will help make banking in Canada easier. You’ll even have the opportunity to earn up to $1,800* in value your first year.

🌐 Breaking News: Canada Approves RBC's $10.2B HSBC Unit Acquisition Canada has greenlit the $10.2 billion acquisition of HSBC's domestic unit by Royal Bank of Canada (RBC). The landmark deal, subject to conditions, mandates RBC to establish a global banking hub in Vancouver, waive mortgage transfer fees, and protect HSBC's Canadian workforce. RBC will also increase its workforce in Winnipeg by 10% and contribute $7 billion for affordable housing. The Vancouver hub is poised to create over 1,000 jobs. The deal, RBC's largest, is expected to reshape Canada's financial landscape, concluding by Q1 2024. #RBC #HSBC #CanadaEconomy #BankingNews #FinanceWorld #BusinessMoves #CanadaAcquisition #GlobalBanking #VancouverHub #AffordableHousing #JobCreation #FinancialNews #MarketShift #RBCNews #HSBCAcquisition

Now is a great time to review your finances, including your mortgage needs. Citi offers many lending options - let's see which may be right for you.

Now is a great time to review your finances, including your mortgage needs. Citi offers many lending options - let's see which may be right for you.

Let’s face it: being a newcomer in Canada can be difficult as you navigate the systems and processes of your new home. One challenge you might not expect? Adjusting to a completely new financial system that doesn’t recognize your years of positive credit history. That's why this week's blog post takes you through how you can start building your credit history from the ground up, by: ✅ Opening a chequing or savings account with a bank or credit union. ✅ Getting an internet or cell phone plan. ✅ Applying to have rent payments reported to the credit bureaus. ✅ + more. 🔗 To read the full article, go to https://hubs.ly/Q029PK1x0 Sponsored by easyfinancial Services #FLM2023 #CCFLM2023 #credit101 #creditbuilding

How long does it take to establish a "good" credit score as a newcomer in Canada? Morteza Hessari Sharahi, a financial advisor at Scotiabank, is here to walk us through it! For everything you need to know about building a good credit score as a newcomer in Canada, head over to the link below and watch the full length video of our interview with Morteza