It’s surprising to note that most Canadians never request a copy of their credit report, even though it’s a simple process. You can request a copy for free through either of Canada’s main two credit bureaus, TransUnion Canada or Equifax Canada. (Warning: request only through these agencies- ignore all other “free credit report” links online, which are trying to sell you something).
If you fear that your credit score is permanently damaged, take heart. No bad credit score is forever. Also, remember that up to 30 per cent of credit reports have inaccurate information in them. Once you request your own copy, take note of inaccuracies and contact the bureaus to correct them. This simple step alone may boost your credit score.
For more tips on how to raise your credit score, contact the financial professionals at Exelby & Partners Ltd. We know how to put your financial difficulties behind you.