Paula feels frustrated. She wants to settle down and start to build credit, lease a car, and learn about Canada’s financial system and credit products.

Situation:

• Verifies the documents in person at the bank and opens an account for local and overseas transactions.

• Applies for first Canadian credit card to build credit.

• Obtains pre-approved line of credit after a year of on-time credit card payments.

• Leases car requiring bi-weekly repayments.

Barriers:

• Lack of Canadian credit history.

• No recognition of international income or credit history.

• High cost of living in Canada.

• Limited knowledge of Canadian financial markets.