Your credit report is a summary of your credit history. It starts when you borrow money for the first time. Lenders send information about your accounts to credit reporting agencies to be included on your credit report. Businesses, organizations and individuals can use your credit report to help make decisions about many things including lending money to you, collecting a debt, renting a property, or offering you a job.
Your credit report contains a lot of personal information so it is important to understand what can be reported and who can have access to this information.
The law covers what can be included in a credit report and who can see it. Individuals and businesses can have a credit report; the law applies to both.
Read our consumer tips:
- How to get a free copy of your credit report
- How to check your credit report for free (video)
- Credit checks: do they affect my credit score?
- Check your credit
Links to external resources:
Credit reports and scores (from the Financial Consumer Agency of Canada)
Buying goods on credit, credit cards and credit bureaus (from Clicklaw and the Canadian Bar Association)