Building Credit from Scratch

B2 – Upper Intermediate

In several nations, credit is a crucial part of everyday financial life, so if you’re just getting started, building your credit history will be your first step.

The issue is that before approving you for a loan or credit card, many businesses want to verify your credit, and they can be wary if you don’t already have a credit history. Fortunately, there are a few methods to get over this possible obstacle.

You may learn how to start developing your credit by watching the video.

Discussion Questions:

  1. What comes to your mind when you hear the word ‘credit’?
  2. How does the credit system work in your country?
  3. In your country, is it necessary for you to have a credit history to be able to borrow money from the bank?
  4. What is the process for obtaining a bank loan for a property in your country?
  5. How have you built your credit score?
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