How to Check a Credit Rating in Canada

There are three main credit reporting agencies in Canada. They are Equifax, TransUnion and Experian. All three companies keep records on credit information for individuals. The records include how much credit a person has and if a person pays on time or over-extends their limit. The credit reporting agencies collect this information from credit lenders. Each person is given a credit score that reflects how much of a risk they are to lend to. It’s important for an individual to check their score regularly for discrepancies and changes in their score.

Instructions

1. Call Equifax to request a copy of your credit report. Equifax’s toll-free number is 800-465-7166. You can also request your personal credit report by mail. Print off your credit request form located on the Equifax website in the consumer information section. For instant viewing of your credit report, Equifax offers an online viewing via their website for a fee. The company requires two pieces of identification before releasing an individual credit report.

2. Go to the Experian website and request an online copy of your credit report. You can also call Experian at 888-826-1718 to find out how to get your credit report by mail.

3. Request a copy of your TransUnion credit report by calling 800-663-9980. If you’re a Quebec resident, the toll-free number is 877-713-3393. TransUnion also offers a free copy of your consumer disclosure report by mail or by visiting one of two offices in Laval, Quebec or Hamilton, Ontario. You can access your credit report online. Two pieces of valid identification must accompany your requests. A photo copy of some forms of identification is acceptable.

Tips & Warnings

• If you find a discrepancy on your credit report, contact the issuing credit agency to have it corrected.

• Contrary to popular belief, checking your own credit doesn’t harm your credit. Too many credit requests from possible lenders in a short period of time can.

• To help protect against identity theft that can adversely affect your credit, destroy or shred all credit card receipts before throwing them away.

Resources

• Equifax credit agency
• Experian credit agency
• TransUnion credit agency