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-- is there a way to check your credit rating online?

is there a way to..

check your credit rating online?!

Re: is there a way to..

quote:

Originally posted by Vivid Boy check your credit rating online?!

yes.

Equifax!

http://www.equifax.com

SCORE POWER is the feature you want to subscribe to for a month (or continually if you should want to. my friend who owns the two pita pits does, he always wants to know how his credit score is looking!)


Go here to check it out! Highly recommend it Eric.

https://www.econsumer.equifax.ca/ca/main?lang=en

http://www.google.ca/search?hl=en&q...=cr%3DcountryCA

quote:

Originally posted by geroin http://www.google.ca/search?hl=en&q...=cr%3DcountryCA

lol, in other words...

PFFFT Who needs credit! CASH MUTHAFUCKA CASH

You won't get your 'score' from this but it's good to see your credit history - for accuracy + it's free:

Equifax: http://www.equifax.com/EFX_Canada/c...overview_e.html

Transunion: http://www.transunion.ca/ca/persona...re/mail_en.page

PM me your credit card #s and expiry dates along with the full name and address attached to the card and I will provide you with your credit rating.

quote:

Originally posted by Zentac_75 PM me your credit card #s and expiry dates along with the full name and address attached to the card and I will provide you with your credit rating.

pm sent!

even checking your credit slightly damages it.

quote:

Originally posted by Pett even checking your credit slightly damages it.

Really?? Does the score fluctuate that much based on such small things??

Credit history has always been somewhat of an enigma to me lol

quote:

Originally posted by Pett even checking your credit slightly damages it.

Not if you're the one requesting the report nor if it's requested by a lender that you already have an account with

"Your own inquiries do not have any effect on your credit score."
http://www.fcac-acfc.gc.ca/eng/publ...portScore_e.pdf (Source: Financial Consumer Agency of Canada Credit Cuide - Page 4)

Checking wise, your score is affected every time you apply for any sort of financing, housing, insurance, etc - and your credit report is looked up. It used to be that the FICO scoring system counted multiple auto/mortgage inquiries made in a 14-day period as just one inquiry but that was extended to 45 days for Canadians back in May. So, if you're shopping around in that period across multiple lenders it won't ding you each time.

Seriously.. check your reports... sometimes there is incorrect data that'll mess you up down the line.

Good read: http://www.cbc.ca/news/background/i...dit-rating.html

quote:

Originally posted by Pett even checking your credit slightly damages it.

no it doesn't.

Checking your own credit bureau or when employers check it while doing background checks is called a soft inquiry. It doesn't affect your actual score and the inquiry is not visible to creditors


you can get instant online access to you bureau at www.equifax.ca and www.transunion.ca

You need a credit card. it costs between $15 and $30. i suggest going with the more expensive option as it's more detailed and will actually provide you with your FICO/Beacon score. This score is what many creditors use to assess the risk you pose to them. The higher the score, the better your credit and less of a risk you are.

I'm pasting my reply to a credit-related thread and bolded some relevant parts:

quote:

I sell mortgages...whether you meet our minimum credit score or have impeccable credit, it doesn't mean jack with regard to the interest rate you're going to get. If you have *shit* credit, you may be unable to get approved by a bank and will have to deal with a 'b-lender' or 'sub-prime' lender who has higher rates, but that's another story. from a credit rating standpoint, it's not important whether you carry a monthly balance or whether you pay the card off in full each month. Although the proportion of outstanding credit to your credit limits is relevant, it's not nearly as relevant as a clean repayment history. the #1 factor affecting your credit rating is repayment history. whether you make the minimum pmt required or whether you pay more doesn't really matter...just pay it ON TIME. anything more than 30 days late can negatively impact your credit score. #2 factor that will kill you...collections. never let something go to collections, if you can avoid it. it fucks your score pretty hard and, even once paid, stays on your credit report for 6 years. A collection tells people that not only do you not pay your debt on time, but you are either unable or unwilling to pay it at all. i.e. it doesn't matter how much you make or how much money you have in the bank if you're unwilling to pay your debts. another factor...too many credit inquiries. i.e. don't apply for a bunch of products all at once. you look like a 'credit seeker' and if you have more than a few inquiries in a short period of time, your score will start to drop. Pick one or two places to apply and leave it at that for a few months, at least. another factor...going over your credit limit. typically, banks will let you go slightly over your credit limit on credit cards and lines of credit. that temporarily drops your score if the over-limit balance is posted to your bureau (creditors post updates at least once per month or sometimes only once every 2-3 months) I'd also avoid dept store cards, particularly Sears, unless you have good reason to have one. Their rates are typically much higher than Visa/MC/Amex and they seem to be notoriously inflexible when reporting late payments. I've seen many clients with otherwise perfect credit, yet have a late payment or two showing on their Sears account. Getting a credit card, even if you always pay cash, is a good idea. The idea is to establish a credit history. Having *no* credit score (i.e. you have no credit products or credit history) is not a good thing. It's not as bad as having a crappy credit score, but in terms of qualifying for a mortgage or other credit products it's going to make life very difficult. So what if you have no debt or have a lot of money in the bank...that doesn't tell a bank how you're going to repay their loan/mortgage/credit card. The largest indicator of future repayment behaviour is past repayment behaviour. It's not just about a CAPACITY to repay, but a WILLINGNESS to repay. Having a credit history is the best proof you can provide that you will continue to repay your debts on time. So get at least one credit product and dilligently make your payments on time. there are 'hard' and 'soft' inquiries for your credit report. when you apply for something, it's generally a 'hard' hit...i.e. the creditor can access the contents of your credit report and this counts as a formal inquiry. too many hard hits in a short period of time will drop your score. anyone accessing your bureau will see a list of these inquiries for a certain period of time (3 years?) a 'soft' hit, as I understand it since I only make formal inquiries in my position, is when someone accesses your score without actually requesting a copy of your bureau. e.g. when your existing credit card company is contemplating increasing your credit limit. this is generally all automated and they have some matrix whereby if you have a score of ______ and have made payments on time, they'll increase your limit by _______. Soft hits do not count as formal inquiries, do not impact your score at all and anyone accessing your bureau with a 'hard' hit will not see these 'soft' inquiries. hope that helps...

quote:

Originally posted by Pett even checking your credit slightly damages it.

pett, ur thinking of campanies or banks checking ur credit rating if if and when they're trying to decide to lend you $$$.

Generally having a lot of inqueries on your account isnt a good thing...

quote:

Originally posted by activate You need a credit card. it costs between $15 and $30. i suggest going with the more expensive option as it's more detailed and will actually provide you with your FICO/Beacon score. This score is what many creditors use to assess the risk you pose to them. The higher the score, the better your credit and less of a risk you are.

Def... if ur gonna check, just spend the extra 10 or 15$ to get the more detailed information, plus your FICO score, which really a nice thing to know. Get that, its key, IMO.

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