As a student I did many stupid things with credit. I now live abroad and I am making excellent money but my credit score is still low (450). I only have one outstanding loan (tuition loan) and I have the ability to pay it off all at once (35G). My question is, how long will it take for my credit score to go up to something more respectable? I live abroad so I am not eligible to apply for any Canadian credit cards, but i do have a 3-year contract with a cellular provider (Telus) which i specifically set up in order to show some improvement on my credit -paid every month on time; but its been 5 months since i signed up and till now no information has been reported!
HELP! do i need to meet with a financial councellor? should i pay off my tuition one shot or should i make payments so it looks better in the long run? I have no other debt (all paid off 8 months ago — about $ 6,000 overall)