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.
加拿大丰业银行通过扩大与nova信用1的合作，帮助新移民更快地适应他们的新生活。通过这种合作，丰业银行帮助来自特定国家的新移民有机会获得更高的信用额度，允许他们在网上申请增加的信用额度时使用原始母国的信用历史。
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.
信用不可见，或者缺乏信用记录，对于进入加拿大的人来说可能是获得信用的一大障碍，因为传统上要进入正规信用系统需要具有当地的信用历史。根据统计加拿大的一份报告3，在2015年至2019年的数据中，加拿大大约有26%的信用不可见的经济家庭是移民，那些在加拿大居住不足两年的人几乎比出生在加拿大的人有两倍的可能性会出现信用不可见情况。