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How to access your free credit report in Brantford

How to access your free credit report in Brantford

Everyone is entitled to one free credit report each year. It may seem like the last thing you want to do with your time, but there are several good reasons why you should read it.


If you’re in the market for an auto loan in Burlington, you should definitely check your score!


First let’s cover how to access your free credit report.


Accessing your free credit report


There are two credit bureaus in Canada, Equifax Canada and TransUnion Canada. These are the agencies that Burlington auto loan companies will query about new borrowers and who any financial institution will check if you want to apply for credit.


You can apply by phone, online or by post.


The two bureaus call your free report different things. Equifax Canada calls the credit report ‘credit file disclosure’. TransUnion Canada calls it the ‘consumer disclosure’. They are both the same thing.


Apply by phone:


Equifax Canada - Tel: 1-800-465-7166


TransUnion Canada - Tel: 1-800-663-9980 (except Quebec)


Apply by post:


Use this form for Equifax


The address to send the request to and further instructions are on each form.


Equifax allows you to apply in person too. They have offices in Montreal, Toronto, Halifax and Charlottetown.


TransUnion allows you to apply online.


Types of ID required to access your free report


You will need to prove your identity in order to access your free credit report. That can be in the form of any official identification, including:


  • Driver's licence
  • Social Insurance card
  • Canadian passport
  • Canadian citizenship card
  • Permanent resident card
  • Birth certificate
  • Certificate of Indian Status


You will usually be asked for two forms of ID. Don’t worry, you don’t have to send the originals. Just send a clear copy of each ensuring that all details are clearly legible.


Why you need to check your credit report


Your credit report is an overview of your financial dealings over the year. It will show every open account, all debts and their amounts, all payments, any missed payments, any credit application and a lot of other information.


If you’re planning to apply for a car loan in Burlington, you need to check your credit report. It shows your credit score and will be used by lenders to assess your eligibility.


You need to check for errors or omissions, check everything is up to date and that it is as accurate as it can be.


You should also check your credit report regularly to help stop identity theft. Checking your report will show any credit applications or activity you didn’t make and enables you to put a stop to them before they go too far.


You should finally check your credit report so you always know where you are and what’s happening. Whether you’ll be applying for a Burlington auto loan or not, knowing your current situation is always a good thing!


Get in touch with the car loan experts at Northway Ford for great deals on auto finance in Brantford.

Categories: Car Loan

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