Don Allen - Bankruptcy Trustee & Receiver
Trustee & Receiver
705-733-1511 1-888-504-1511
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Your Credit Report

There are two main credit bureaus in Canada: Equifax and Trans Union. Click on the links below to get the forms necessary to get a free copy of your credit report.

To manage your credit report, we recommend you do the following:

1. Get a free copy of your credit report

Don't pay for your credit report. By law, you can obtain your own credit report for free by following the directions on the sites above.

2. Review your credit report

To manage your credit report, it is important that you review the report to determine if it contains any errors or negative comments.
An error may include a debt that you have already repaid . A negative comment may result from a department store credit card that you stopped using ten years ago, but if it had a $10 balance owing, it may still show up on your credit report .

3. Correct any errors on your credit report

If you find an error, contact the credit bureau and offer proof that you do not owe the money. You may need a letter from the creditor indicating the payments were made, or you may provide cancelled cheques to indicate payments were received.
You may also send a letter to the credit bureau explaining your side of the story; your comments can be attached to your credit report (instructions on how to do this are on the web sites).

4. Repair any negative information in your credit report

If you owe a creditor $10 and they have filed a negative credit report with the credit bureau, repay the creditor and ask the creditor to remove the negative item from your credit record. If a debt is legally owed, the debt must be paid or discharged before it can be removed from your credit report.

5. Pay off debt

Even if your credit report indicates that you have made all of your regular monthly payments, a potential lender may look unfavourably on high levels of debt. The solution is to pay off as much of your existing debt as possible before applying for a new loan.
We recommend that you pay off your highest interest debts first.

6. Take other action

If you have more debt than you can possibly repay, your credit report will only improve by dealing with your debts.


We can review the options, including a consumer proposal or bankruptcy and advise which appears best for you. Please contact us for a FREE initial consultation.

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