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Difference between revisions of "Taking Charge of Your Credit Report"
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Taking Charge of Your Credit Report (view source)
Revision as of 00:39, 7 November 2023
, 00:39, 7 November 2023→Where your credit report and credit score come from
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There are two main credit reporting agencies in Canada: Equifax and TransUnion. They gather your information into a '''credit report'''. | There are two main credit reporting agencies in Canada: Equifax and TransUnion. They gather your information into a '''credit report'''. | ||
You’re entitled to a free copy of yours. We offer guidance on how to get it. See [https://www.peopleslawschool.ca | You’re entitled to a free copy of yours. We offer guidance on how to get it. See [https://www.peopleslawschool.ca/ordering-credit-report/ ordering your credit report]. | ||
The credit reporting agencies plug your credit information into mathematical formulas to come up with your '''credit score'''. A high credit score is good. It means you’re a good bet to lend money to — because you’re seen as likely to pay it back. | The credit reporting agencies plug your credit information into mathematical formulas to come up with your '''credit score'''. A high credit score is good. It means you’re a good bet to lend money to — because you’re seen as likely to pay it back. | ||