Why is building a U.S./Canadian credit history important?

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.

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DISCLAIMER - Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.