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Posted on23 April 2012
Check Your Credit
Written by Michelle
When was the last time you checked your credit report? Businesses which approve credit for products such as credit cards, automobile financing, or home mortgages use credit reports as a tool to assess your credit “worthiness”.
Did you know that in most circumstances, a person or business is not permitted to check your credit without getting your consent? The person or business is usually required to get your consent in a way that proves you gave it. The information about giving consent must also be prominently displayed in a clear and comprehensible matter. If you have concerns that a business conducted a credit check on you without your consent, contact Consumer Protection BC to find out about your rights. You may be able to request that the business provide proof of your consent. There’s a lot to know about the credit reporting law in BC, if you have a question on this topic, please contact our Inquiry Unit by phone at 1-888-564-9963 or by email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
Whether or not you will be applying for credit anytime in the near future, it is important to check your credit report for accuracy and ensure the information on it is up to date. To receive a free copy of your credit report please review the processes outlined on these two links: Equifax Canada or TransUnion of Canada.
Published in Other Business.
Michelle
Michelle works in the Consumer Protection BC Inquiry Centre. She answers calls and emails from consumers and businesses on a wide variety of topics which makes her the perfect person to share her knowledge and experiences with you.
