Canadian Credit Repair

[Trish]

Ok, I am not all that familiar with Canadian laws and credit repair but I will do my best to post good information. More than likely, this information will keep changing.....so if you see any inaccuracies or mistakes in ANY of the information or links I have posted, please let us know so that we may fix it.

Thank you.


Since this is one of the first steps,.....
This is where you should be able to opt out if you live in Canada:
CMA Consumer Information: Canadian Marketing Association

Obtaining your credit report/Addresses for the CRAs:

Equifax Canada, Inc.
Consumer Relations Department Box 190
Jean Talon Station Montreal, Quebec H1S 2Z2 1.800.465.7166

TransUnion Canada
TransUnion Consumer Relations Centre P.O. Box 338, LCD 1 Hamilton, ON L8L 7W2 1.800.663.9980
For Quebec Residents: TransUnion (Echo Group) 1 Place Laval Suite 370 Laval, PQ H7N 1A1 1.877.713.3393

Experian Canada
150 King Street West
Suite 805 P.O. Box 68
Toronto, Ontario
Canada M5H 1J9
T: (1) 416 313 2000
F: (1) 416 593 8466

*Effective April 17, 2009, Experian will unfortunately discontinue its Canadian consumer credit bureau operations as a result of the very difficult economic environment in Canada and around the world, which Experian believes will persist for some time. This means that as of April 18, 2009, Experian will no longer be providing credit reports out of its Canadian database regarding any consumer in Canada.

Experian will respond to current ongoing investigations. For more information please visit their website posted above.

[Trish]

This is the law that governs the CRAs (the Canadian version of the FCRA)
The Consumer Protection Act

Info on ID theft and Fraud:
Fact Sheet: Identity Theft: What it is and what you can do about it

Good site with info on bankruptcy and debt collection:
Canadian debt collection rules. Debt collection in Canada.
*also addresses for each province on who/where you file complaints against CAs.

[Trish]

I received this information from The Financial Consumer Agency of Canada

The following charts show how long it takes before information is removed from TransUnion and Equifax credit reports.

[ecredit]

I received a letter from equafax. They have on my report a bad dept which was appearantly unable to collect as of 04/09 and no true date. I have been in contact with the company since 03/09 and the debt was paid off two days ago because of an outstanding balance of 0.54 cents! How is that company legally able to state they were unable to locate?now I am really mad! :mad:

[jjgross]

Originally Posted by ecredit

I received a letter from equifax. They have on my report a bad dept which was apparently unable to collect as of 04/09 and no true date. I have been in contact with the company since 03/09 and the debt was paid off two days ago because of an outstanding balance of 0.54 cents! How is that company legally able to state they were unable to locate?now I am really mad! :mad:

Why don't you contact them in a pleasant manner and see if you can get it removed from your report,tell them if you knew you owed $0.54 you would have paid as soon as you knew.If they don't i would contact the BBB and see if they can help you resolve this.Also let them know your sorry they had to cancel their Christmas party because of that 0.54 cents they needed to fund their party:D lol

[Trish]

I agree.....you should file complaints if they won't remove it. That's ridiculous to put a ding on your credit report on a debt that is less than a dollar!

[ecredit]

I got in touch with them and spoke with the guy in charge of their collections dept. We worked it out and he is fixing everything. I called this morning to get my zero balance letter and I'm in a credit of .06 cents. They asked did I want it removed and I said no! Even if it's only .06 cents I want it reflected.
It's so strange but I had a thought!
What happens when an agency owes you money and they take their time in refunding it?
There should be a Nationwide Consumer agency working on behalf of consumers who have balances in their credit!
Here's an example.
I just cancelled accounts with two companies very well known. Rogers and Fido.
The reason for cancellation was (dysfunctional product and services not rendered as advertised).
They both owed me money. They took their sweet time in getting it to me and numerous phone calls with patronising CSR's on the other end of the phone.
If I had owed them they would have been calling, emailing, sending snail mail correspondance etc. and hounded me to the point of mental exhaustion. Then slap me with a 7 year lasting blemish on my report! Can we coeisively organize and create an agency that places them on report and rates them to their demise? and create a more consumer friendly world. No one wants to get ripped off but consumers appear to be at the brunt of everything with no true protection or accountability. Just a thought! :D

[Trish]

Well that's great news. :D
I really am glad you got it taken care of!

p.s....
I do have quite a bit of info on Canadian credit repair but I have just not had the time to post it. Hopefully I will be able to today!

[ecredit]

It's nice to see someone from the other side of the boarder take interest in Canadians. We're not all bad and have many similarities and the same issues it appears.

Where were you able to locate the information? If you don't mind me asking. I searched the net high and low for Canada info. and it varies from province to province as does from state to state in the US. Funny thing is, I wasn't able to secure any solid info for Ontario or websites. Which is how I ended up at this forum. Every time I typed in credit info for Ontario Canada, it kept bringing me back to your page. :o Not such a bad thing though...it's a real learning experience.

Have a great day! and can't wait to read what you've found!

[ecredit]

This is absolutely AWSOME! You guys are great to take such interest and post it here. I thank you so much for this. Seriously, Thanks.