Did you know that an error on your credit report can affect your ability to get a loan, rent housing, or be hired for a job?

Many people are surprised to find themselves being turned down due to poor credit. They use their cards responsibly and always pay their bills on time—but because they had never checked their credit report, they didn’t realize that someone had stolen their identity and opened credit cards and loans in their name. Now they have to pay more when they borrow money—if they’re approved at all.

Fortunately, you can prevent this from happening by checking your credit report twice a year for errors and signs of identity theft. Contact Equifax Canada or TransUnion Canada by mail, phone, fax, or in person to request your free copy.

Understanding your financial rights and responsibilities means no surprises. The more you know, the easier it is to avoid costly surprises and to reach your financial goals.

Learn more at canada.ca/it-pays-to-know.