Credit Reports in Canada for Free

Have you ever seen you credit report? Checking it regularly is critical for your financial wellbeing. Your Canadian credit report contains your Canadian credit history of the last 6 years. In other words, it comprises information on your credit accounts, payment record, current and former addresses, employment, etc.

I can name a good range of reasons why checking your credit report is important. First, it allows you to understand what risk you pose to lenders and employers. Second, you can analyse what points of your credit history have positive impact on your credit score and what points keep your credit score low, and try to improve the situation. Third, your credit report may contain mistakes, and the sooner you identify them, the sooner they will be removed – cause nobody but you can actually identify inaccuracies in your credit report.

Finally, don't forget that even a positive credit history can result in serious troubles. What I mean is that there are quite a few bad guys who may want to make use of your good credit history – in other words, commit a credit fraud. Therefore, keeping an eye on the condition of your credit report is vital to prevent frauds from happening to it.

Now that you know the importance of checking your credit report, I'd like to tell you how you can get a free credit report in Canada.

Free Credit Report in Canada

In fact, the procedures of getting a free credit report in Canada are very similar to those of the US. In other words, you have basically two options: to go online or to go offline. The second option means that you can order a free credit report by phone.

If you choose to get your credit report in Canada for free online, there are several options as well. Your can order a copy of your credit report directly from the major credit reporting agencies.

Another option is to go with one of free credit report websites in Canada. Many websites offer a 30-day trial period for their services. During that time you'll have unlimited access to your free credit report. Some people choose to opt for such services just to check their credit report for free, and then cancel their membership with the website.

One of the challenges you may face when checking your credit report is in what form you get it. I would recommend that you check your credit score every time you check your credit report. Your credit score has considerable influence on the way lenders evaluate you as a potential borrower. If you look through our articles, you'll find some helpful tips on improving your credit score.

By the way, when you order your credit score together with your credit report, you can also compare your credit rating to that of other Canadians, and get an explanation of the factors that influence your credit score.