Canada did surprise you with its funny and puzzling cultural differences. You are looking for a job or are already employed, and making new friends, either way, it’s time for you to settle and think big. Whether you want to learn more about how to support a personal project, the necessary conditions for obtaining a loan, or how to improve your credit score, this event is made for you. Hosted at RBC, this session will empower you with all the knowledge you need to take this next step and make it happen. Our outstanding guests Guillaume SALVANT – RBC Guillaume Salvant arrived in Vancouver from France 10 years ago. He has been in the Financial Industry for 8 years and currently works as a Banking Advisor for the Royal Bank of Canada. In his role, Guillaume helps his clients reach their goals by assisting them with their everyday banking, investments and borrowing needs. When he is not working, Guillaume enjoys spending time with his family in the beautiful landscapes British Columbia has to offer. Stephane Blajberg – RBC Stephan Blajberg brings over 20 years of financial and international experience to his role as Mortgage Specialist with RBC Royal Bank. Originally from France, Stephan arrived in Vancouver 10 years ago ready for a new adventure. Although fully immersed in the Canadian culture, Stephan is also passionately involved in the local French community. He holds a Bachelor of Commerce and is a certified Project Manager from the Project Management Institute. Chantel Charpman– MOGO Chantel Chapman, founder of Holler For Your Dollar, is Canada's millennial money and credit score expert. She teaches millennials by using fun, relevant and educational financial literacy content to start a real conversation about finances. With over a decade's experience as a mortgage broker, Chantel also hosts Mogo's renowned financial literacy event series — Adulting 101 — across Canada that pairs trending lifestyle topics with financial and credit score literacy. Chantel runs Holler For Your Dollar, a financial literacy consulting firm and is also the Financial Fitness Coach at one of Canada's top Fintech Companies- Mogo.

1. 0

2. BC TALENTS in few words…
We are a non-profit organization with the aim of
creating a place where we can share resources.
We lead series of events to help build a
community and encourage people to build
professional relationships.
www.bctalents.ca

3. Banking & Credit score:
How to get Canadian ready
● Banking by Guillaume SALVANT - 15”
● Morgage by Stephen BLAJBERG - 5”
● Credit score by Chantel CHAPMAN - 20”
www.bctalents.ca

4. Banking by Guillaume SALVANT
www.bctalents.ca

5. Helping you start your
financial life in Canada
A discussion with newcomers to Canada
Advice Events ─ Newcomers
TM
#RBCevents

6. Helping you get
established financially in
Canada

7. We make banking easier
for newcomers
1. Flexible bank account options
2. Saving in Canada
3. Establishing credit in Canada

8. Why do you need a
Canadian bank account
• Safe, secure access to your money
• Easier to pay bills and transfer funds

9. Types of bank
accounts available
• Chequing accounts
• Savings accounts
• High Interest
eSavings® Account

10. Accessing your money

11. Using your Client Card to
access money

12. Online tools make banking
even easier

13. Sending money
overseas

14. Protect yourself
against fraud
• Safeguard your banking
information
• Protect your PIN
• Keep your credit cards safe
• Be aware of phishing
• Learn how to protect yourself
at rbc.com/privacysecurity

15. Saving for goals
down the road

16. Saving for future
retirement
• RRSP
• TFSA
• GIC
• MUTUAL
FUNDS

17. RESP:
Saving for your
child’s education

18. How to build a good
credit history in Canada

19. Why have a Canadian
credit card?
• Establish and build your credit history
• Safer than cash
• Convenient

20. RBC makes it easy
to get a credit card
• A credit history is not required3 –
you can apply as soon as you
arrive in Canada
• No-annual-fee cards are available4
• Credit limits may grow as your
income grows5
• A wide range of cards to
choose from

21. Borrowing to meet
your goals

22. Buying a car
• Financing a car
• Leasing

23. Buying a home

24. We’re here for you!
• We are Canada’s largest bank6
• Largest combined branch and ATM
network across Canada
• Service in over 200 languages
• 24/7 free access to your money
• Credit and banking solutions
created specifically with
newcomers in mind

26. Disclosures:
1.No credit history required for a credit card, home mortgage or car loan. For an RBC Royal Bank credit card, newcomer must have arrived
in Canada within the last 12 months. For an RBC Royal Bank car loan, newcomer must have arrived in Canada within the last 3 years. For an
RBC Royal Bank residential mortgage or mortgage within an RBC Homeline Plan®, newcomer must have arrived in Canada within the last 5
years. Must show proof of entry into Canada and provide supporting documents such as a passport and Canadian landing papers (work
permit/visa) or Canadian permanent resident card. Some conditions apply.
2.An RBC Royal Bank® credit card with no credit history required is available to permanent residents who arrived in Canada within the last
12 months, provided they meet all of the eligibility and credit criteria of Royal Bank of Canada. You may be eligible for a secured or unsecured
RBC Royal Bank credit card even if you have no Canadian credit history. If you don't qualify for an unsecured RBC Royal Bank credit card, you
may still be eligible for a credit card provided you give us a security deposit and meet Royal Bank of Canada's eligibility criteria. For secured
cards a credit history may be required.
3.Available only to newcomers to Canada who have arrived in Canada within the last year and to newcomers who arrived between 1 and 3
years ago when they switch their account from another financial institution using RBC CustomSwitch®. Must show proof of entry into Canada
and provide supporting documents such as a passport and Canadian landing papers (work permit/visa) or Canadian permanent resident card.
Other conditions apply. See branch for details. This offer may be withdrawn at any time and is subject to change without notice.
4.No annual fee is available on the following RBC Royal Bank credit cards: RBC Cash Back MasterCard®, RBC Rewards+™ Visa, RBC Visa
Platinum, RBC Esso‡ Visa.
5.Provided you meet all of Royal Bank of Canada’s eligibility criteria and provide express consent.
6.Based on market capitalization.
® / ™ Registered trademarks of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. ‡ All other® /
™ trademarks are the property of their respective owner(s).
Everyone’s situation is different
33184 (10/2016)

27. Thank you!

28. Morgage by Stephen BLAJBERG
www.bctalents.ca

37. Credit Score by Chantel CHAPMAN
www.bctalents.ca

39. CREDIT 101

43. CREDIT 101

44. Something you
borrow that you
promise to repay –
in most cases with
interest

45. Credit enables us to
build the present at
the expense of the
future.

46. It is founded on the
assumption that our
future resources are
sure to be far more
abundant than our
present resources.

47. It is founded on the
assumption that our
future resources are
sure to be far more
abundant than our
present resources.

49. Shopping for
credit

50. • Banks
• Credit Unions
• Fintech
• Sub prime
lenders

51. Secured
Credit

52. • Boat loan
• Car loan
• Mortgage
• Equity Line of
Credit
• RRSP Loan
• Business Loan

53. Unsecured
Credit

54. • Credit Card
• Line of Credit
• Overdraft
• Student loan
• Personal Loan

56. Your credit score is
important because it
typically get’s you
lower interest rates

59. 1 2.5 5

62. The credit score looks
at loans, credit cards
and lines of credit all
the same?

63. APR VS
AMORTIZATION

66. Making the min payment
on my credit card of 2 %
will have my out of debt in
83 yrs?

70. 4 Billion Dollar
Industry
Not a
Government
Bureau
They have a 20%
error rate

73. Checking my own
credit score hurts it.

76. The credit score is also
known as your Beacon of
Fico Score. This score
range is 300-900.
300 Beacon Score= No
friends.
900 Beacon Score= So
popular.

80. 1. Inquiries
2. Collections or Judgements
3. Payment History
4. Balance to Limit Ratio
(Utilization)
5. Types of Credit

81. 1/5
reports
have an
error

82. 1. Inquiries
2. Collections or Judgements
3. Payment History
4. Balance to Limit Ratio
(Utilization)
5. Types of Credit

84. Parking tickets from 3
yrs ago. Whatever, they
don’t impact my credit
score?

88. My credit score is
awesome because I don’t
have any loans, or credit
cards.

89. 1. Inquiries
2. Collections or Judgements
3. Payment History
4. Balance to Limit Ratio
(Utilization)
5. Types of Credit

92. R/I 2-5 – Late Payments
R/I 6 &7 – Debt Pay back
programs
R/I 8 – Repossession of
Property
R/I 9- Bankruptcy

94. 1. Inquiries
2. Collections or Judgements
3. Payment History
4. Balance to Limit Ratio
(Utilization)
5. Types of Credit

96. 1. Inquiries
2. Collections or Judgements
3. Payment History
4. Balance to Limit Ratio
(Utilization)
5. Types of Credit

99. ✓STEP 1: Don’t miss any minimum
monthly payments

101. ✓STEP 2: NEVER let your balance
exceed 75% of the limit if you pay
your card off every month

103. ✓STEP 3: Have at least two forms
of active credit

105. ✓ STEP 4: Don’t be promiscuous….
with your credit report and have too
many inquiries

107. ✓STEP 5: Don’t let your accounts
go to collections

109. Landlords don’t ever
look at a credit report
on a renter because
they are not a bank

110. QUESTIONS?

111. Any Questions?
www.bctalents.ca

112. www.bctalents.ca
This was« Banking & Credit Score »
Thank you partners
Follow us:
welcome@bctalents.ca
http://ow.ly/QrpxK
www.bctalents.ca
BC Talents from France
@BC_Talents