What is a credit report?

What is a credit report?

A credit report details your credit history, including personal data, account details, payment history, and public records. It helps lenders assess creditworthiness for loans and financial products. In Canada, you're entitled to one free report yearly from Equifax or TransUnion.
Moreover, always check for inaccuracies to protect your credit score, as errors can impact loan eligibility, housing access, and interest rates. Dispute any discrepancies to ensure your report reflects your true financial standing.