How do I correct an error on my credit report?

Monday, June 19, 2017 - 12:41

Rebuilding Credit


It is important that you request a copy of your credit report from the two credit-reporting agencies at least once a year to verify that your personal information is up to date, that your financial information is correct, and to ensure that you have not been the victim of identity fraud. You can do this free of charge by contacting both credit bureaus in Canada: Equifax and Trans Union. Lenders will often refuse credit even if it is clear an error has occurred on your credit report, and they will not issue credit until the mistake is rectified.

To correct an error on your credit report, both credit bureaus provide a form to complete and send back to them. When completing this form, be as specific as possible. Once the form is received by the credit bureau and after their investigation, they will either correct the error or not, based on their findings. Should your dispute be valid, the information on your credit report will be changed according. If you do not agree with an item following the credit bureau’s investigation, Equifax and Trans Union websites inform you as to how you can add an explanatory statement to your report.

The contact information for the major credit reporting agencies in Canada are as follows:

Equifax Canada
Tel: 1-800-465-7166
Fax: 514-355-8502

Trans Union Canada
Tel: 1-866-525-0262 (For all residents except Quebec)
Tel: 1-877-713-3393 (For Quebec residents)

 If you have further questions regarding your credit report, contact our office today.

Latest Posts

Credit Card Use - The Good, The Bad and the Ugly

Credit cards, when used properly can be great. You can earn points, use them as an advance and most importantly, you can improve your credit. Unfortunately, many people misuse credit cards and end up setting up a meeting with me to discuss bankruptcy.

July 17, 2017

Bankruptcy, Money Management