We keep on building bridges here. Today I’d like to raise the subject of the famous “Credit Score” or “Credit History” (am I talking about the same thing here or mixing them up?)

Pic from http://www.militarymortgagepro.com
You can imagine that many of us are arriving kind of late to make history on something. We arrive at an average age of 35, 38 years old. late for starting a new career, late for going to school again, late for building a credit history. By the time we must start with many of those things, the average canadian has at least 20 years of story already! the problem is, that we must “compete for the same resources” even with this disadvantage.
So, given all this…How do you build a good credit history? What are the cornerstones of it? What are the best advices you can give to a newcomer in order to be able to get a good credit score? What are the Do’s and Dont’s of all this? Can you recommend any on-line resources, books, etc. where a new canadian can learn more about this?
And a bonus question… Is it true that being in the welfare totally ruins your credit history and once there your credit is fucked up for ever?
Thanks for helping me building this bridge!