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Why is having and maintaining a good credit report important to Canadians?

April 26, 2017Canadians Credit rating credit report Credit Reports good Loans maintaining

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Why is having and maintaining a good credit report important to Canadians?

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Your credit report is your record of creditworthiness. Canadian lenders use credit reports to evaluate your ability to make monthly payments on a timely basis. Whether or not you receive credit, how much credit you do receive, and the interest rate you will pay are among the issues determined by the information in your credit report.