Your credit report is a comprehensive document of your credit history that dictates your credit score and influences financial decisions made by lenders. Regular scrutiny of your credit report is essential to identify any inaccuracies that could harm your credit score and financial well-being.

You have the right to dispute any errors with the credit bureau, backing your argument with appropriate paperwork. Although this information is confidential, you have the right to see your credit report and no one else can have access to the information in the report unless you allow it.

Understanding your credit report can guide your spending and borrowing choices, leading to a better credit score.

Typically, when you apply for a loan, a credit card or even a mortgage you will need to allow this organization to check your credit history.

The credit report summarizes information about the different types of accounts you have. It will include the following account types:

• Revolving accounts, like credit cards and lines of credit.
• Installment accounts, like loans.
• Other accounts, eg: cell phone.
• Collection accounts.

There are many ways to order your credit report, such as by phone or fax. The easiest and safest method is by internet through a credit-reporting agency.

When you receive your credit score it’s important to make sure that the information in the report is correct. If the score is lower than you want, read the report carefully to find out which factors are most likely having a negative influence on the score, and then work to improve them.

TIPS To remember to improve your score:

• Make sure you have a credit history: you may not have a score because you do not have a record of owing money and paying it back. One way to build a credit history is by using a credit card.
• Always pay your bills on time.
• Don’t go over 50% of the credit limit on your credit card.
• Apply for credit in moderation.

Ongoing Support

We are here to answer any questions after your mortgage has been funded. Credit issues? Increased debt-load? You can expect our Mortgage Agents to review your mortgage and finances regularly during your term to ensure your mortgage is still the right product for you and still competitive. At renewal time we will shop your mortgage again to ensure you are still getting the best offer at renewal – can you expect the same from your bank?