Credit history and credit score both provide an impression of your repayment reliability and trustworthiness to U.S. lenders as well as to landlords, cell phone retailers, and even employers who perform background checks.
If you don’t have a credit history, lenders can’t assess your reliability and will most likely charge higher rates or provide you with a smaller credit amount.
Please note that MPOWER does not currently report to Canadian credit bureaus, but students at Canadian schools can establish a U.S. credit history with MPOWER.