(778) 668-9320 scott.dawson@verico.ca

I came across a great article this past week in the Vancouver Sun on Canadian credit stating how Canadians typically have better credit ratings than our US neighbours.

The article seems timely as we are still in a time of low mortgage rates and Line of Credit rates and many are Canadians taking on more debt.

While this is not necessarily a bad thing, especially, if for example to refinance and consolidate higher credit card debt. It is always a good idea to understand how your credit is affected when you take on more debt or make a request for another credit facility.

To understand your credit better I recommend you check out the following articles, What is Credit Reporting? and Establishing a Credit History.

Many consumers also aren’t aware that you can receive a free credit file disclosure from Equifax Canada Inc. via Canada Post.

Keeping up on your credit can save you a ton of frustration and stress down the road.

If you have any questions about credit reporting, please feel free to contact Scott Dawson by any of the methods below:

Phone: (778) 668-9320
Email: scott.dawson@verico.ca