Consent and credit checks. Generally speaking, you’ll want to offer authorization, or your permission, for a continuing company or individual to utilize your credit history.

Consent and credit checks. Generally speaking, you’ll want to offer authorization, or your permission, for a continuing company or individual to utilize your credit history.

A business or individual only needs to tell you that they are checking your credit report in the following provinces

  • Nova Scotia
  • Prince Edward Island
  • Saskatchewan

Other provinces need written permission to check on your credit file. You allow the lender to access your credit report when you sign an application for credit. Your permission generally allows the financial institution make use of your credit file once you first make an application for credit. They are able to additionally access your credit at any time later while your account is available. (more…)

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