Credit and Credit Repair

Credit report, credit score and credit rating

Credit Report: A credit report is a detailed report of your credit history and is kept by at least one of Canada's credit-reporting agencies.

Credit Score: Your credit score is an up-to-date rating of your financial health. It shows lenders the level of risk if they lend you money.

Credit Rating: A credit rating is a rating of each of your credit history items on a scale of 1 to 9. These ratings are made by credit-reporting agencies.

Request your credit report

You can get your credit report for free. This allows you to see your credit rating and gives you a chance to correct any mistakes on the report.

Correct a mistake on a credit report

Your credit information can be kept by more than one credit reporting agency. Since these agencies do not always share information, it's important for you to check all of your credit reports carefully. If you find an error in your credit report, you can take steps to have the error corrected.

Improve your credit score

If your credit score is not as high as you think it should be, check the information in your credit report. If the report is correct, read it carefully to find out what might be bringing down your score. You can then work to improve your credit score.

Hire a company to change your credit rating?

There is no reason for you to pay a company to rebuild your credit rating. There is nothing they can do to change your credit rating that you cannot do yourself.

Warning Signs of Debt | Ways to Reduce Your Debt | "Last Resort" Options | Collection Agencies | Credit Reports, Credit Scores and Credit Repair | Resources on Personal Finances and Debt | Glossary of Terms

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