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Canadian Credit Report

Written by Peter James

Sunday, 15 May 2005

"Before applying for a new credit card or loan, always take the time to review your Canadian credit history. It takes just a few minutes online to purchase your Canadian credit reports from both national credit bureaus - Equifax Canada and Trans Union of Canada," says financial advisor Peter James of CanadianCreditCenter.com. "Then if you notice any errors or omissions, simply initiate the official dispute process with Equifax or TransUnion. Once any errors are corrected by the credit reporting agency, it is less likely your application for an unsecured credit card will be negatively affected," he notes. Credit card companies typically want to know an applicant has a good credit history of repaying their debts as well as high enough income levels to handle their credit debt. "It's not really much more complicated than that," says James. "Good Canadian credit history plus good annual income equals good chance you will be approved."

 

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