Credit Check  in British Columbia, Canada

Background and Credit Check

Before a landlord will rent an apartment to you he/she will usually ask you to fill out an application form including references proving your employment. Landlords of most apartments also require you give them permission to perform a credit check. Make sure you are thoroughly aware of your credit status as some landlords can be quite strict in this regard.

Obtaining a free credit check in Canada

In a time when your credit rating dictates what kind of home you live in and what kind of car you can buy there are inevitably those who would prey on the unwary consumer. Each day credit fraud, identity theft and, more commonly, simple mistakes threaten to destroy that precious commodity that is your credit rating. It is reported that, weather through fraud or accident, as many as 70% of credit reports contain errors and as many as 25% contain serious errors. As unfair as it seems, it is entirely your responsibility to ensure your credit reports are accurate and error free. While there are many ways to instantly purchase your credit report on line, most Canadians don't know that you can also obtain one free credit report per calendar year by mail or in person from each of the two reporting agencies. The two credit check agencies in Canada are Equifax and TransUnion and their local addresses can be obtained on their websites. It is important to obtain a credit report from each agency since they can be drastically different.

More on this Subject

   Expert Tenancy Advice

   Tenant Verification