I completed my Bachelors degree from India last year, And I have a 3.7 GPA With 170 LSAT Score. My Ambition is to work as a Lawyer in Canada, But I'm really afraid to apply as I don't know about the job prospects for International Students in Canada.
I know how risky it is, To come to Canada on a student visa, And expect a job after three years on a post graduation work permit. So is it worth applying, as an international student?
It seems to be a recent phenomenon where getting approved without a cosigner with no credit history is the norm. Is it a fairly safe assumption that not much is going to change between now and this time next year? Probably. But why chance it?
It's not hard to get a good credit score. If you open a basic student credit card account and make minimum payments on time for a year or so you'll probably have a score of around 700~. You have to be late an entire 30 days before a late payment is reported on your credit report (though banks may increase your interest rate if you're consistently late). You don't even really have to worry about paying off the balance in full each month--though it is good advice to help avoid overspending--as long as you pay down the balance to lower your utilization around a month or so before you apply for credit, as far as your credit score is concerned you're in the exact same position as a person who paid the card off in full each month.
If you get a card from your current bank, you can link your credit card and debit card with online banking. Meaning you log into online banking and you'll see both accounts. You can see your credit card minimum payment and due date and transfer whatever amount you want from your debit account to your credit card to make a payment. It only takes a few seconds. Most banks even have features where they will text or email you notice that you have a payment coming up. There's really no hassle at all, it's not much more than a 30 second commitment once a month.
As far as rent goes, rent generally doesn't show up on your credit report unless you were missing payments and your landlord took you to the tenancy board and got a judgement against you. Cell phone bills are reported on your credit report, but they don't really help to establish credit--they mostly just hurt you if you miss payments. Utilities like cable/internet/house phone won't show up unless they go to collections. Some cities will also send things like unpaid parking tickets to a collection agency too. Not having a credit card doesn't necessarily mean you have no credit. My girlfriend did a number on her credit score by making a bunch of late cellphone payments during undergrad for example
If you want to verify whether you have (or don't have) a credit history you can get a free credit check from Borrowell (Equifax score) or CreditKarma (a Transunion based score). Borrowell updates your score automatically once a month and CreditKarma does it weekly. They're VERY useful.
Accepted about a week ago.
LSAT: 154 Cgpa: 77% (UBC) and 3.01 (OLSAS calculated) due to a bad first year. L2: 88% and L3: 85% (UBC) Excellent EC's and work experience. I'm assuming references were strong.