Since your credit report and score can change from day to day, it is to your advantage to learn what is impacting your score and where you rank among Canadian consumers. Your credit report may be the first indication of identity theft, so it is of critical importance to be alerted when new accounts, address changes, and potential fraud patterns appear in your file. Since your debt affects your financial picture, you will find it revealing to see graphically what portion of your income is going toward your debt, the way potential lenders may see you.
Canada residents can get a free credit report by mail. To do so, you’ll need to provide photocopies of both sides of two kinds of ID, such as driver’s license, health card, birth certificate or passport. If your current address is different than what’s on your identification, you’ll need to provide proof of your new address from a phone bill, credit card statement, utility bill or bank statement. You should also provide your Social Insurance Number (S.I.N.) to help Equifax Canada or TransUnion Canada to correctly identify you.
If you’d rather not wait you can get quick
What are the benefits of credit reports?
Credit reports make credit buying fast, easy and safe for qualified applicants. Home ownership, automobile ownership, and the convenience of purchasing by credit card are just some of the benefits of credit reports in our society today.