What is a Credit Bureau?

A Credit Bureau, the two largest in Canada are Equifax and Transunion, are a data house of personal credit information. Their Members or credit grantors, agree to disclose their relationships with debtors (credit granting experiences) in return for being able to gather data on potential debtors (credit reports). A credit report is a detailed history of your credit history with your creditors. Your credit history will reflect the credit repayment history, the amount and nature of debt that you have along with any credit to which you have applied.

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