What Information Is Contained In My Credit Report?

Credit bureau reports in Canada regardless of their source contain the same basic information in the following categories:

Basic personally identifying information is contained within your credit report:
  • Your full legal name, including variations between creditors (also-known-as "aka")
  • Address & Contact Information: current and previous addresses, date reported, phone numbers
  • Social Insurance Number (SIN), Date of Birth
  • Employment Information including current and previous employers, date reported, profession, job title and in some cases even Salary Information*
*Note: this information is generally provided BY YOU to the bureaus: whenever you fill out an application for new credit you provide a wealth of information to a potential lender that they submit to the credit bureau along with your eventual credit file. Some creditors even have 'real-time' updates to the bureaus for application information.
A comprehensive history of your payment activity on retail, banking, secured and unsecured credit accounts:
  • How many late payments have you made?
  • What is your current balance compared to your credit limit?
  • How long have the accounts been open?
  • Has there been any fraudulent activity?*
*Note: your potential lenders have access to the above information, and from accessing other databases and searches available to them (Home ownership, vehicle ownership, liens, etc.) from other sources there is a large amount of information that they can choose to consider when reviewing your application for credit.
A summary of items that may affect your credit worthiness in the eyes of a lender:
  • Are there any court judgments outstanding against you?
  • Are you a previous bankrtupt?
  • Are you currently enrolled in Credit Counselling or another R7 OPD (orderly payment of debt) program?
  • Has a creditor placed a lien on any of your assets?*
*Note: Information in this section generally comes to the bureaus from court and other government entities that control things like land titles, liens, etc.
A summary of all inquiries to your credit file from other credit grantors, lenders, or institutions that you have authorized to access your report during the application process. Also other parties that have the right to pull your credit report details under the law for the collection of an outstanding debt in the event that you did not maintain your payment obligations per your agreement with the creditor:
  • Have any collection companies been pulling your credit report?
  • Is there an unusual number of new credit applications recently?
  • Has there been little to no activity on the credit bureau report? why?
*Note: Information in this section is different on each credit bureau's report - as they only report inquiries to your credit file from their own organization and clients.
A summary of other financial information pertaining to your overall credit health:
  • Bank account information - are you using your overdraft every month?
  • COLLECTION ACTIVITY goes in this section - information reported by the collection agency handling your account - date of last contact, date assigned to the agency, current balance, last payment date
*Note: Information in this section is different on each credit bureau's report - as various collection agency and legal firms only update certain bureaus. It is to your advantage to review all your credit bureau reports not only for accuracy but to see what information potential lenders will see when they pull a report on you!

What information is EXCLUDED from my credit report?

Several key pieces of information are excluded on your credit report. For example, there is no way for your creditors to be aware of any transactions that you are paying by cash or cheque (with the exception of NSF cheques which will be recorded with your bank information trade lines.)

Also, any legitimate and unavoidable expenses such as medical or child care are not taken into account when creditors review your credit report to determine your credit worthiness.

For a list of all our services please see our Services Page or Contact Us.

Canada Debt Settlements  always free debt reduction consultation - Call to figure out your best next step... Contact us

Access our online debt reduction settlement application for a free confidential no obligation review of your situation

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.
I researched and met up with many different Debt Resolution/Debt Solvers and tried to work with making monthly lump payments but it wasn’t the correct solution and in the end failed for us. I started researching into solving our Debt problems all over again when I came upon the idea of Debt Settlement…that was the correct solution and something my wife and I should’ve done the year before. The problem was who could we trust to do it and who was the best person for the job. That was our newest problem.
I started making calls and looking up as much information as I could get on the Companies that did this and I was confident that Canada Debt Settlement were the tops in this area so I called and spoke to Boaz. I was actually somewhat shocked as he had answered my questions and explained the way it worked so well I had no more questions the next day. This was a relief as the time frame for us was very tight and to this day I am amazed that everything was settled going right down to the wire on our tight schedule and that Boaz still managed great savings for us in the process. It pulled us right out of debt and had we called Canada Debt Settlement the year before we would’ve saved even more and not carried that Debt burden unnecessarily for an extra year.
If you’re doing your research looking for who is the right one for the job, I can honestly tell you save your time and money and go with Canada Debt Settlements. I would be happy to talk to anyone that has any uncertainty as the expertise and hard work Boaz did for us was truthfully incredible.
S.B. of Mississauga
Received Dec 23, 2013 via email
Total Savings: $18,000+

Call now for your free no obligation consultation 1-877-475-3939