Can self-employed people get credit?

Whether you’re self-employed or just thinking about it, you might be wondering how you’ll fare when you try to apply for a credit card, loan or mortgage. Fortunately, creditors are increasingly coming up with new credit products for the self-employed.

Self-employed or not, you’ll run into problems getting credit if you’ve had problems with credit in the past. So request free credit reports from credit bureaus, so that you can check to see what your credit history looks like. (Note: in Canada, you can obtain these credit reports by mail for free via Transunion and Equifax, even though they try to hide that.)

Once you know what your credit history looks like, you can set about repairing it. If it turns out that you have a good credit history, applying for loans, credit cards and mortgages may not be such a difficult task.

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