How often should I check my Credit Report?
It is a very good idea to check your credit report every year. In Canada, there is only two credit reporting agencies, Equifax and TransUnion. Sometimes, it is not unusual for there to be mistakes and omissions on your credit report. If you don’t do anything about these errors, it may cost you in increased interest rates or hinder your ability to qualify for a loan. We recommend that you should be proactive by checking your credit report at least once a year to ensure that it is correct. If you find mistakes on your report, we recommend downloading a dispute resolution form from Equifax or TransUnion. The next step is to complete the form and forward it to the credit bureau along with any related documentation to prove your case.
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