How Credit Bureaus Collect Your Information

There are 3 main credit bureaus in Canada and they all get information from similar sources, mainly you, and from the companies and banks that you do business with. Read about the information they collect and how they collect it. Anyone who is concerned about their credit should read this section about the collection of information on the credit bureau report in Canada...

Credit bureaus obtain their information from three major sources:

  1. Consumers supply information, primarily from filling out application forms for credit.
  2. Public records provide information on such matters as bankruptcies, Court judgements, foreclosures and agreements registered with Provincial authorities.
  3. The major credit grantors and collection agencies send their credit files electronically to the credit bureau every month, resulting in files that include the account number, outstanding balance, and a nine point scale indicating whether a payment was made on time or late.

But what is contained within the credit bureau report? Please read our section on your credit rating.

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Canada Debt Settlements stands by the commitment and service guarantee that no client will be charged unless we can achieve a debt reduction. As our customer testimonials will demonstrate - we have a unique solution that allows a licensed agency to advocate with your creditors on your behalf. We work for YOU... not the creditor. Call now to speak with an experienced and licensed debt professional. What do you have to lose?

Another Successful Debt Settlement...

I must say that I always ‘do my research’ in every area of life as best as I can so that I make the right purchase the first time. Well, this was not an area I was even remotely able to make a definitive call on since my wife and I never had any previous debt issues.
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S.B. of Mississauga
Received Dec 23, 2013 via email
Total Savings: $18,000+


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