Checking Your Credit Report in Canada: What You Need to Know
Your credit report is one of the most valuable tools you have when it comes to the process of managing your financial health. It will give a picture of your borrowing record, repayment rate and your general financial responsibility. Lenders, landlords and even certain employers in Canada can consult your credit report to help them out in making certain decisions over loans, some rental applications or employment opportunities. That is why it is essential to know how to run a credit report Canada and what actions to take in case you find certain mistakes. In this blog, we will decipher why your credit report is important, how to access it and the measures you can undertake to ensure that you are in control of your financial profile. Why Your Credit Report is Important The credit report is your report card as far as your finance is concerned. It contains the information about: Loans, credit cards and lines of credit (credit accounts) Whether the payment is on time or not has been mi...