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» Combative Obama assails GOP for causing economic crisis, proposes new transportation spending
06/09/10 20:41 from Market News
MILWAUKEE - A combative President Barack Obama rolled out a long-term jobs program Monday that would exceed $50 billion to rebuild roads, railways

» Justice Department won't say whether key piece of oil spill evidence is on its way to shore
06/09/10 20:41 from Market News
NEW ORLEANS - The Justice Department won't say if the blowout preventer that failed to stop oil from gushing from BP's undersea well into the Gulf

» UK drug regulators want GSK's controversial diabetes pill Avandia pulled from market
06/09/10 19:23 from Market News
LONDON - British drug regulators say GlaxoSmithKline's controversial diabetes pill Avandia should be pulled from the U.K. market because of

» Italy's Finmeccanica wins $630 million contract for Eurofighter Typhoon protection systems
06/09/10 19:22 from Market News
ROME - Italy's Finmeccanica SpA said Monday it has obtained an order worth €490 million (US$630 million) to supply Praetorian Defensive

» Afghan govt poised to help troubled Kabul Bank, but institution still running on its own
06/09/10 19:22 from Market News
KABUL - Afghanistan's largest bank is operating with its own money with no infusion of cash from the government despite a nearly weeklong run on

» Unicredit CEO says Libyan sovereign fund was not solicited to take bank stake
06/09/10 19:21 from Market News
MILAN - Unicredit CEO Alessandro Profumo said Monday that a Libyan sovereign fund acted on its own to take a stake in the bank and that the move

» EU ministers to discuss new bank levy, transaction tax as weapons against too much risk-taking
06/09/10 17:16 from Market News
BRUSSELS - European Union finance ministers are set to discuss the possibility of introducing a levy on banks and whether a tax on financial

» EIB and 2 other financial institutions back Nabucco pipeline
06/09/10 17:15 from Market News
BRUSSELS - Three international financial institutions have thrown their weight behind an international pipeline aimed at helping Europe reduce its

» Germany's Merkel praises deal to extend operations for country's 17 nuclear power plants
06/09/10 17:13 from Market News
BERLIN - Chancellor Angela Merkel on Monday touted her government's new agreement that would grant nuclear power plants an average of 12 extra

» World stocks climb as fears of US slowdown recession ease; Wall Street closed for holiday
06/09/10 15:21 from Market News
LONDON - World stock markets advanced modestly Monday as investors rode momentum from Friday, when an upbeat U.S. jobs report eased fears that the

» Labour focus shifts from private to public sector as governments slash deficits
06/09/10 15:17 from Market News
TORONTO - While the private sector bore the brunt of the economic downturn, union leaders are turning their attention to the public sector this

» Iran central bank says inflation drops to 8.8 per cent in August
06/09/10 13:38 from Market News
TEHRAN, Iran - Iran's central bank says the country's inflation rate has declined to 8.8 per cent in August.The Central Bank of Iran, in

» Scandinavian airline group SAS sells all shares in Skyways, records $5.5 mln capital loss
06/09/10 13:38 from Market News
STOCKHOLM - Scandinavian airline group SAS AB says it has sold all its shares in Skyways Holding AB to the Swedish regional airline's main owner,

» Oil drops to near $74 a barrel in Europe as traders eye US unemployment, China demand
06/09/10 13:37 from Market News
Oil prices slipped to near US$74 a barrel Monday as traders weighed whether growing Chinese demand can offset weak U.S. fuel consumption amid high

» N.B. Liberals promise royalty break for new mines if re-elected Sept. 27
06/09/10 12:40 from Market News
BERESFORD, N.B. - The New Brunswick Liberals say they'll offer incentives to new mining operations if they regain power in the Sept. 27

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Equifax Consumer Services Canada
 
Your credit history is a record of your past credit 'experiences'. Your credit history is reflected on your credit report and is maintained by Canada's two major credit agencies, Equifax and TransUnion. Both Equifax and TransUnion manage your credit history in documents called credit reports. A credit report captures your current credit history. It is one of the primary documents banks, lenders and creditors use to decide whether or not to give you credit.  At Canadian Finance, we provide you access to your credit report. Before you apply for credit card or a loan, know where you stand. Find out your credit score, see your credit report, know your credit score. You can now do this all online. Both Equifax and TransUnion can help you stay on top of your credit.
Order Now
Equifax Consumer Services Canada is your source for credit information. Equifax provides you with the tools that you need to keep on top of your credit profile. Equifax Consumer Services can provide you with your credit history through the Equifax Credit Report service

Receive your current credit history:
  • Details on credit cards and loans opened in your name, companies accessing your credit file, delinquent payments and more
  • Immediate online access
  • Easy-to-read, printable format
  • Return to view this report online for 30 days
With your credit report you can:
  • See the report lenders use most to qualify you for credit
  • Plan for major purchases - car, home, education
  • Find out who has accessed your credit report

Order your Equifax Credit Report today.
Credit Reports Explained
What is a credit report?
    A credit report is a history of how consistently you pay your financial obligations. A credit report is created when you first borrow money or apply for credit. On a regular basis, the companies that lend money or issue credit cards to you (banks, finance companies, credit unions, retailers, etc.) send the credit reporting agencies specific and factual information about their financial relationship with you - when you opened up your account, if you make your payments on time, if you miss a payment, or if you have gone over your credit limit, etc.

    Equifax Canada receives this information directly from the financial and retail institutions and retains it to help other lenders make decisions about granting you credit. Because your credit report contains all the information received from your lenders and provides a picture of your financial health, other lenders will request your report when they are determining whether or not to grant you a loan. Your credit report is a history that will help them determine what kind of lending risk you are - if you are likely to repay your obligation on time or not.
What is in my credit report?
    Below is a list of the major sections found in your credit report:

      Personal Identification - Includes key identification information, such as your name, address, date of birth and Social Insurance Number (SIN)

      Consumer Statement - Allows you, the consumer, to add a brief comment about any information in your report

      Credit Information - Provides details of your credit accounts and transactions and shows if payments are being made on time Banking Information - Includes information on your bank account and NSF cheque history

      Public Record Information - Contains information about secured loans, bankruptcies and/or judgments

      Third-Party Collections - Contains information about any involvement with a collection agency trying to collect on a debt

      Inquiries - Includes all organizations or individuals that have requested a copy of your credit report in the past three years

      *Note: Mortgage information - Details about your existing mortgage(s) may appear in your credit report. Mortgage information is not used to calculate your credit score since it is not reported by all lenders.

How is information in my credit report used?
    Credit information is gathered by credit reporting agencies, sometimes called credit bureaus. There are two major credit reporting agencies in Canada: Equifax Canada Inc., and TransUnion of Canada. Governed by provincial and federal laws, credit reporting agencies store and maintain credit information about individual Canadian consumers for use by members of the credit reporting agency. Members include banks, finance companies, auto leasing companies, credit card companies and retailers.

    Credit grantors update individual credit reports regularly by providing information to credit reporting agencies about their customers' credit and payment activities. This ensures that credit reports remain up-to-date and as complete as possible. Other sources of the information contained in your credit report can include public records from courthouses across the country and collection agencies.
Who can access my credit report?
    Federal and provincial laws are very specific regarding who can review your credit report and for what purpose. A company or individual may only obtain a copy of your credit report with your consent or after informing you that they will be reviewing your report. Additionally, an individual or company must have a legitimate business reason and a permissible purpose, as stated in government regulations, to obtain your credit report.

    When you apply for a loan or credit card you are usually asked to complete and sign an application form. An application normally includes written consent giving permission to the credit grantor to check your credit report when you first apply and throughout the life of the account. In addition to your name, an application often asks for your date of birth, your current address and a previous address if you've recently moved - information that helps to locate your credit report at a credit reporting agency.

    Each time a member of the credit reporting agency requests your report, the request is noted on your report as an inquiry and kept for 3 years. You can therefore see a record of who has requested your credit report and when.

    A credit reporting agency may only provide a copy of your report when the request relates to the extension of credit, collection of a debt, housing rental or an application for employment or insurance purposes. Since your credit report contains only factual information, it is important to remember that each of the companies requesting your credit report will interpret those facts in its own way to arrive at a decision. You can learn more at the Equifax Credit Education Centre
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