https://primemortgageworks.com/wp-content/uploads/2019/01/two-paddles-axe-and-leatherwork-732435-unsplash.jpg 687 1030 Callum Greig https://primemortgageworks.com/wp-content/uploads/2019/01/logo-inner.svg Callum Greig2018-11-08 13:00:442023-01-19 12:16:02How to Get Your Credit Report
How to get your credit report is so important as Lenders look to credit reports to assess the risk of a given borrower. Your score is a number from 300 to 900 that reflects how you have handled your finances in the past. The lower the number, the more risky you appear to lenders, so you are likely to be offered higher rates. It is always recommended to keep an eye on your credit. In Canada, you can receive a free copy of your credit report once a year from both Equifax and TransUnion.
The bureaus refer to your credit report as “client file disclosure” and “consumer disclosure” respectively. Ordering your “free report by mail” does not effect your score. Check your report for errors inconsistent with your true financial history and balances such as late payments; amount owing; or missing accounts. If you do find an error, report it it to the credit bureau to be corrected. We are happy to connect to answers all of your credit related questions. With over 25 years experience in the mortgage industry, we have seen it all. And we have the tools and guidance to handle any credit building (or rebuilding) needs you may. With this in mind, navigating today’s marketplace and credit takes expertise. Call us today.