Do you report payments to credit bureaus?

Do you report payments to credit bureaus?

Yes, iCash reports your payment history to Equifax Canada. Making your payments on time can help strengthen your credit profile and improve your credit history over time.

Your payment history is one of the most important factors in your credit score. Staying current on your payments demonstrates responsible borrowing and is one of the best ways to maintain healthy credit.

As a responsible lender, we want to help you achieve your financial goals. That’s why we believe reporting payments to Equifax can have a positive effect on your creditworthiness, provided you respect the terms of your commitments.

Please note that late or missed payments may negatively affect your credit score, as can unpaid loans that are sent to collections.