Hi all,

I would like to obtain my credit report.
My questions -

1. What are the major credit bureaus?
Do I have to get a report from each or is there a consolidated report?

2. How to order the credit report?
Is it online or do I need to call or write?

3. How much does it cost?
Is there a provision for obtaining a free copy of credit report once a year or once in two years or anything like that?

You can google for Transunion and / or Equifax for all your answers.

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you can get get free credit reports but no scores. For obtaining scores you will have to pay them.

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No trees were killed by this post, but a large number of electrons were terribly inconvenienced.
__________________________________
George Malley: Hey, would you, uh, love me the rest of my life?
Lace Pennamin: No. I'm gonna love you for the rest of mine.
__________________________________
None of us knows God until someone introduces us - Life of Pi

Quote:

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Originally posted by OneIsACrowd

Hi all,

I would like to obtain my credit report.
My questions -

1. What are the major credit bureaus?
Do I have to get a report from each or is there a consolidated report?

2. How to order the credit report?
Is it online or do I need to call or write?

3. How much does it cost?
Is there a provision for obtaining a free copy of credit report once a year or once in two years or anything like that?

---

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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada

The Account Type followed by a number indicates the rating on an account at a point in time. Generally, the higher the rating number, the worse the account is rated.


R1 = Paid as agreed or in good standing in the given month
R2 = The account is 30 days past due. This is poor performance R3 = The account is 60 days past due. This is very poor performance
R4 = The account is 90 days past due. This is unsatisfactory performance. R5 = The account is 120 days past due. This is very unsatisfactory performace.
R6 = The account has been sent to collection
R7 = The account is under a payment arrangement through Credit Counselling R8 = not used R9 = Written Off

____________________________________________________
Once you pull your credit report you may see R1, R2 etc.

Above is the explanation

Even though it says R2 is poor performance, many institutions do not really see it as poor.

Even an R9 among all other R1's in your report can be considered an aberration, and the institution who gave that rating will be considered at fault, not you.

Just recently, last week actually,I got a client a loan at extremely competitive rates, who had an R9 hit by one particular lender but every other credit institution gave him an R1 so the underwriters just disregarded that unusual blip.

Just thought I'd give this info as I don't see it given anywhere, despite having candesied.

Also some mortgage brokers might make it seem that 'hey, they're cool, 'cos they got you a top rate even though you had an R3, R4' whatever. That's
balderdash.