Having Your Credit Checked For a Job in Canada
You’ve definitely heard of creditors and lenders checking your credit report, but did you know that potential employers sometimes check credit reports too? Usually checking a credit report is a part of a full employment background check which includes things such as a… Read More
What is a Credit Bureau?
Many of your financial decisions directly impact your credit rating. The credit bureaus are the organizations that collect all this pertinent information from lenders, banks, credit card companies, and even courthouses. Basically, any relevant credit info will be recorded at the credit bureaus. Need help understanding… Read More
Which Credit Bureau Do Lenders Check in Canada?
Creditors use credit bureaus in Canada to check a consumer’s creditworthiness before extending credit. Lenders tend to have a preference of either Equifax or TransUnion, but some will check both. Understanding what a credit bureau is, how they get their information, and how to monitor the information contained… Read More
Why Do I Have More Than One Credit Score?
Regular checks of your credit score and report are crucial as it gives you the chance to review and regulate your personal finance performance. Every twelve months, the two credit bureaux of Canada, Equifax and TransUnion, allow every Canadian individual to attain one free copy… Read More
What is the Average Credit Score in Canada by Age?
A good credit score is a valuable tool for anyone trying to navigate their financial life. True, making a decent income and saving money are also healthy practices, but a solid credit score is one of the key factors that can put you in… Read More
Getting Your Annual Credit Report in Canada
Your credit report is an important part of your financial livelihood. In its own way, your report resembles your medical records. Except in this case, instead of your ailments, vital signs, and prescriptions being on file, your credit usage from the last 6 years is listed. And, just… Read More
The Equifax Breach | The Facts, The Rumours, and What You Need to Do
Recently, Equifax, one of the major credit reporting bureaus, announced that this past July the credit report information of approximately 143 million consumers across North America was compromised by hackers. Among the stolen information were details like Social Insurance Numbers (known as Social Security Numbers in the U.S.),… Read More