Do you know how to correct an error on your credit report? (NC)—
A credit report is a record of your past and present use of
credit and loans. It can mean the difference between getting
approved or refused when you apply for a credit card, a
mortgage, or other loans. The Financial Consumer Agency of
Canada (FCAC) urges Canadians to order their credit report at
least once a year and to review it carefully. In recent months,
many Canadians individuals have spotted errors on their credit
reports, which can give lenders the wrong impression or can be a
sign of fraud. Consumers have a right to dispute any information
they believe is wrong. If you have identified an error, you can
approach Canada's two major credit reporting agencies, Equifax
Canada and TransUnion Canada. FCAC also suggests that you: •
support your case by gathering receipts, statements or other
documents related to your • use Equifax Canada's and TransUnion
Canada's forms for correcting errors and updating information •
contact the lender to speed