![]() ![]() Credit bureaus must correct errors for free. You have the right to dispute any information on your credit report that you believe is wrong. They may charge you a fee and ask you to provide identification. The aim is to prevent any further fraud from happening.Īsk Canada’s 2 main credit bureaus to put a fraud alert on your credit report if: They’ll need to contact you and confirm your identity before approving any credit application. ![]() Add a fraud alertĪ fraud alert, or identity alert, informs lenders of a potential or confirmed fraud. Learn how to report a fraud to the Canadian Anti-Fraud Centre. report it to the Canadian Anti-fraud Centre.ask the 2 credit bureaus to put a fraud alert on your credit report.contact Equifax and TransUnion to inform them about the fraud.If you find an error on your credit report, contact the lender and any other organization affected by the error. Make sure it's not fraud or identity theft by taking the steps to have it corrected. It might also just be an administrative error. Accounts that you don't recognize might mean that someone has applied for credit under your name. When looking at your credit report, look for accounts that don't belong to you. Learn more about how long information stays on your credit report. negative information about your accounts that is still in your credit report after the maximum amount of time it’s allowed to stay on it.accounts listed that you never opened, which might be a sign of identity theft.For example, payments you made on time that credit bureaus marked as late in your report errors in credit card and loan accounts.mistakes in your personal information, such as a wrong mailing address or incorrect date of birth.Checking for errors on your credit report Take a close look at your credit report at least once a year to check for any errors. It may also affect your ability to rent an apartment or get a job.Įrrors may also be a sign that someone is trying to steal your identity. They may also charge you a higher interest rate. If there's an error on your credit report, a lender may turn you down for credit cards or loans. Errors on your credit report may give lenders the wrong impression. Your credit report is a record of how well you manage your credit. ![]()
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