Everything You Ever Wanted to Know About Credit Reports, But Didn't Know What Questions to Ask
FCAC offers tips on credit reports-how to order them for free, correct errors and check for fraud
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwire) -- 09/14/12 -- A 15 second video Tip Clip is associated with this release.
Credit reports can have a major impact on your life, but many Canadians do not know much about them.
"Our recent on Canadians' knowledge of their rights and responsibilities found that knowledge of credit reports was particularly low," says Ursula Menke. "The vast majority of people-90 percent-do not know that they can obtain a credit report free by mail, while 62 percent do not know how to dispute an entry in their credit report."
Credit reporting agencies track how you use credit products, such as credit cards and loans, and pay your bills. This information is used to create your . Lenders may use this information when they decide whether they will lend you money, and how much they will charge you to borrow it. Employers and landlords may also check your credit report when you or .
"It's a good idea to check your credit report at least once a year, and doing so will not hurt your credit score," says Commissioner Menke. "Think of it as an annual checkup for your financial health."
To help Canadian consumers, the Financial Consumer Agency of Canada (FCAC) has updated and added to the free, unbiased information it provides consumers about credit reports.
Credit report and score basics
FCAC's enhanced publication, , provides tips and information:
How can I benefit from a good credit history?
How long does negative information stay on my credit report?
How can I improve my credit score?
Will shopping around for a car or mortgage hurt my score?
Is my mortgage included in my credit report?
Order your free credit report
You have the right to see your own credit report. FCAC's tip sheet, has details on how to get your credit report free of charge:
Correct any errors and check for fraud
Ensure the accuracy of your credit report by checking carefully for errors. Your credit report will also show if you have been a victim of fraud. FCAC's tip sheet, , outlines the steps to take if you have any questions about the information in your report, and also what to do if you are a victim of fraud.
FCAC has also posted two Tip Clips on its to help consumers find out more about credit reports and how to protect themselves from fraud.
About FCAC
With and , the (FCAC) provides objective information about financial products and services to help Canadians increase their financial knowledge and confidence in managing their personal finances. FCAC informs consumers about their when dealing with banks and federally regulated trust, loan and insurance companies. FCAC also makes sure that federally regulated financial institutions, payment card network operators and external complaints bodies comply with intended to protect consumers.
You can reach us through FCAC's Consumer Services Centre by calling toll-free 1-866-461-3222 (TTY: 613-947-7771 or 1-866-914-6097) or by visiting our website: .
FCAC celebrates its 10th anniversary!
Follow on Twitter
Subscribe to on YouTube
November is Financial Literacy Month
Like on Facebook
Join on LinkedIn
Disponible en francais
Contacts:
Julie Hauser
Media Relations Officer
613-941-4168
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 14.09.2012 - 07:39 Uhr
Sprache: Deutsch
News-ID 1151189
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
OTTAWA, ONTARIO
Phone:
Kategorie:
Government & Administration
Anmerkungen:
Diese Pressemitteilung wurde bisher 168 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Everything You Ever Wanted to Know About Credit Reports, But Didn't Know What Questions to Ask
"
steht unter der journalistisch-redaktionellen Verantwortung von
Financial Consumer Agency of Canada (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
