How to avail a credit report in Canada

Americans are not the only ones who get to know their financial status through free credit report but even Canadians can get free their credit reports through an online network. Anyone can get a free credit report if he is out of work and looking for a job, if he is on social assistance, or if he thinks that he is a victim of identity theft. Any Canadian who has been denied credit can also avail a free credit report. The CRA (credit reporting agency) which provided the information that resulted in the denial of the credit must send you a copy of your credit report if you request it.

Canadians can call a reporting agency or mail them to obtain their credit reports. Most websites offer Canadians a free 30-day trial membership. This free trial will include access to your free Canadian credit report. These reports can be viewed absolutely free for up to 30 days period and thereafter you will be required to pay for the membership unless you cancel it. Thus most people obtain a free credit report online and then cancel the membership before a charge is been levied. This is an excellent method of obtaining free Canadian credit reports online. However if you fail to cancel the membership before the expiration of the 30-day trial membership, charges will be imposed on your credit card.

Meanwhile a free credit report is extremely easy to come by if you know exactly what to do. Many people are not even aware that they have can get free Canadian credit reports. Canada uses FICO system to generate a credit score in the country. This system asks you to provide your salary, expenses, accumulated debt, rates, and more to determine your credit score. It can even be shown on card that you can find online. On the other hand, you can join many free companies that allow you to see your credit score as well as the credit reports. You can also choose to be kept updated of any changes to the report through text messages or email notification.

There are three credit rating agencies named Equifax, Experian and TransUnion that can enable you to get your credit report in Canada. All the credit monitoring services need to deal with any of them, so it is advised to check that out before you subscribe with an online company and reveal your information.