Tag Archives: credit bureau

Obtaining Your Free Credit Report

A credit report is a snapshot of your financial history. It lists credit that you’ve obtained from companies that report to a credit-reporting agency during the past 20 years. In Canada, there are two credit-reporting agencies: Equifax and TransUnion. Your relationship with companies that do not report to Equifax or TransUnion will not affect your credit history. It is important to review your credit report at least annually to ensure that it is correct as errors can be more ...

Rebuilding Your Credit

Making a consumer proposal or assignment in bankruptcy results in R7 or R9 credit ratings respectively. An R7 rating remains on your credit report for 3 years after completing your proposal while an R9 credit rating remains on your credit report for 6 years after receiving your discharge from bankruptcy. Your credit rating is based on your credit history and isn’t determined by any single event. Re-establishing a strong credit rating requires you to consistently make the required payments ...

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