Comments on: Credit Score Canada — Why it is important

By: godvchaos

godvchaos — Sun, 11 Jul 2010 15:29:41 +0000

What I want to know is under what circumstances can someone negatively affect your score? If I do not have a contract with a company and they send me a bill for something I do not agree with, naturally I refuse to pay, do they have the ability to report me to the credit bureaus? I just was in a situation like that, lucky I know the consumers protection act and got them to drop the charges, but before that, they were threatening to affect my score.

By: godvchaos

godvchaos — Sun, 11 Jul 2010 15:23:43 +0000

having a bad credit score also affect other non-borrowing aspects like your cash withdrawal limit at a bank machine and even how much car and house insurance you pay (sometimes). generally having a bad credit score gives institutions the green light to charge more, because they know you have less options.

By: Kathie

Kathie — Sun, 11 Jul 2010 04:29:56 +0000

Reply to Thomas: Thanks for the info. I'm 'selling' my house to my oldest son but won't get paid until he's finished the renos and then sells. We've agreed on a fair price (to both of us) and he will hopefully make a good profit on his first 'flip'. Due to poor health and a divorce my fnancial situation isn't great. Once all is finished with the house I'm hoping to have enough money for a good downpayment on a condo. I'm very worried about my credit score...and didn't know I could order copies without paying. Now I'll at least know what to expect when the time comes to purchase...if I'm able to. Great advice, thanks.

By: Katie Knack

Katie Knack — Sun, 11 Jul 2010 00:53:32 +0000

Great post thx a lot !

By: Thomas

Thomas — Wed, 03 Mar 2010 05:59:15 +0000

Just go to each of their websites to get a copy of the application forms. Transunion now allows you to use the phone to get a copy of it mailed to you. Fax or mail the paperform for a free copy. One for each of the 2 credit bureaus. Takes about 1 week to get it — you can request as many times are you like for free.

By: 2cutees

2cutees — Wed, 03 Mar 2010 03:29:06 +0000

astimegoesby — I got my credit score from the bank recently when we purchased our current home. Our banker let me see my credit report, but stated right off from the beginning oould not provide me a copy

By: Eric

Eric — Wed, 03 Mar 2010 02:25:42 +0000

lien against me for student loans, old credit card debts,and who knows what else? I’m quite confident my credit score is pretty low.

By: momof3

momof3 — Tue, 02 Mar 2010 18:34:23 +0000

Avoid signing up for the credit cards just to get a free gift…everytime you do that it affects your score!

By: Sally

Sally — Tue, 02 Mar 2010 16:22:32 +0000

Weekly or Bi Weekly is your best bet to accelerate your mortgage and get it paid off ASAP

By: astimegoesby

astimegoesby — Tue, 02 Mar 2010 16:20:02 +0000

How do you check out the credit score without paying for the report?

You can request credit reports from various credit bureaus, e.g. Equifax, or TransUnion, free by mail. But the report doesn’t tell you the credit score.….

Also my experience has been that the credit bureaus don’t share information as we believed, so it’s safe to request a report from each of them, to avoid any possible errors.

By: Tara

Tara — Tue, 02 Mar 2010 14:07:39 +0000

Very nice! Interestingly enough, I am buying a house and the mortgage will be that $100 000, lol. Interest will be 3.69%… once I get into the swing of things, I’ll very likely change it to bi-monthly… or liklier… weekly, as THAT saves thousands of dollars in interest as well!!

Also, good to point out to check into the credit burue (sp?) and how often your credit cards share your info with them… my mortgage broker told me my PC MC had only reported my stats once… and I’ve been with them for… 5 years!! My score was great, but with no new info/old info, etc… my score could go down without warning!! I have to call PC MC and ask them to report more often!!

By: itsjustmebub

itsjustmebub — Tue, 02 Mar 2010 13:34:55 +0000

Woofy rocks my socks