Scotiabank and Nova Credit Partnership Eases Credit Access for New Immigrants in Canada
Scotiabank and Nova Credit Partnership Eases Credit Access for New Immigrants in Canada
Scotiabank is helping recent immigrants to Canada settle into their new lives faster with the expansion of its partnership with Nova Credit1, the leading cross-border credit bureau operating in Canada. Through this partnership, Scotiabank is helping newcomers from select countries2 with the opportunity to access higher credit limits, by allowing them to use their credit history from their original home country when applying online for increased credit limits.
加拿大豐業銀行通過擴大與nova信用1的合作，幫助新移民更快地適應他們的新生活。通過這種合作，豐業銀行幫助來自特定國家的新移民有機會獲得更高的信用額度，允許他們在網上申請增加的信用額度時使用原始母國的信用歷史。
Credit invisibility, or lack of a credit record, can be a huge barrier to credit for those entering Canada, as access to the formal credit system traditionally requires existing local credit history. According to a Statistics Canada report3 that examined data from 2015-2019, approximately 26% of credit-invisible economic families in Canada were immigrants and those who had been in Canada for less than two years were almost twice as likely to be credit-invisible than those born in Canada.
信用不可見，或者缺乏信用記錄，對於進入加拿大的人來說可能是獲得信用的一大障礙，因爲傳統上要進入正規信用系統需要具有當地的信用歷史。根據統計加拿大的一份報告3，在2015年至2019年的數據中，加拿大大約有26%的信用不可見的經濟家庭是移民，那些在加拿大居住不足兩年的人幾乎比出生在加拿大的人有兩倍的可能性會出現信用不可見情況。
