Credit Report Review

Bad credit in Burnaby can lead to missed opportunity and unfavourable interest rates that can cost you thousands when you take out a mortgage, car loan, credit card, etc. It might even block you from renting that house you are eying up, or it can be that black mark on your credit record that prevents you from landing your dream job.

At Westgeest & Associates, your government (gov’t) Licensed Insolvency Trustee, we know that it pays to understand the basics of your credit report, rating and score, the secrets, habits that can make your rating, score rise or fall, and the service(s) that can help you monitor your credit – important to prevent fraud and identity theft too.

You are entitled to one free credit report every year from each of the three (3) major credit bureaus: Equifax, Experian, and TransUnion, all available on the internet.

A common mistaken belief is that performing a credit check or monitoring your credit report, rating and score will hurt your credit. This is not true. When you check your credit report, rating or score, the credit bureaus consider it a soft inquiry that does not hurt your credit score. If a lender looks at your credit report in Vancouver, typically because you are seeking credit, trying to rent, lease, purchase something or owe them money, that is a hard inquiry that can hurt your credit rating, score.

Your credit history is vital to such different things as trying to rent, buy a house or car, starting a business, getting a lower automobile insurance premium, as well as being employed, etc. Often, an unfavourable credit report is the outcome of some bad monetary luck. Other times, it is because of identity theft. Monitoring your credit report in Greater Vancouver is very important to avoid possible threats and to fix inaccuracies quickly, should such appear.

Having an error on your credit profile can reflect poorly on your ability to get what you want when you want. When this is the case, one of the fastest ways to enhance your credit rating and opportunity is to determine the inaccuracy and get it fixed. As a tip, it helps to offer a copy of whatever paperwork you have in your possession as creditors and credit bureaus typically require proof of what you say.

Making the commitment to review your credit report periodically is an excellent objective, as your credit can affect so many parts of your life. Understanding the keys to how credit reporting works, focusing on vital information and implementing an effective action plan will result in an accurate and correct credit profile for yourself. Your good, accurate credit report and profile can provide you with more opportunity and produce savings for your wallet!

At Westgeest & Associates, we will sit down with you to review your specific situation and offer a well-rounded and complete summary and understanding of what is on your credit report in Vancouver and how it affects your credit rating, score, your ability to get what you want when you want it. We will provide detailed feedback and guidance on ways to enhance your credit value, ensuring yourself the greatest freedom, credit opportunity and savings in the Lower Mainland.

After finishing your credit report review, you will have a better understanding of how to incorporate the details found on your credit report with ideas on the best ways to use credit sensibly to ensure your credit remains good, up to date and available. Not only is it important to check your credit report to guarantee your financial standing, it is similarly important to check your report to protect yourself from fraud, inaccurate reporting, and identity theft.

For further information or to schedule an appointment to privately review your financial situation and credit report, contact Westgeest & Associates, your Licensed Insolvency Trustee, today.

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221-3993 Henning Dr | Click for Map
BurnabyBC, V5C 6P7
Main: 604-291-9151
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