diff --git a/sublime_tfs.py b/sublime_tfs.py
index 16bb119..8034fe7 100644
--- a/sublime_tfs.py
+++ b/sublime_tfs.py
@@ -395,5 +395,7 @@ def on_done_password(self, s):
         credentials.password = s
 
 # ------------------------------------------------------------
-credentials = TfsCredentials()
+def plugin_loaded():
+    global credentials
+    credentials = TfsCredentials()
 # ------------------------------------------------------------