Correct mistakes, tidy up your credit profile, and save money
If you’ve ever borrowed money, you have a credit report.  But most of us have no idea what is on our credit report, and very few have even checked.  Studies indicate that less than 1 in 5 Canadians have accessed their credit report.

This is astounding when you consider the importance of your credit report.  Your credit report is a written history of your consumer credit use, and it directly influences your credit score, which is the all-important three-digit number that determines your access to credit and the interest rates that creditors will offer you.

Credit reports are free to order from Canada’s two credit bureaus – Equifax and TransUnion.  Why is it important to review your credit report?  Because they could have errors.  The two bureaus deal with hundreds of millions of entries and there are bound to be mistakes.  This means that you could have negative remarks on your report that have nothing to do with you.

The following infographic will guide you throw the process of fixing errors, which will help prevent any pitfalls on your path to financial fitness.