Start 2012 on the right foot

Feeling a little remorseful over your Christmas spending? Even though you might want to bury those credit card receipts and never look at them again, take a deep breath and add them up. Being honest about what you spend on credit makes the fear of reading your actual credit report a little easier.

According to Industry Canada, you should ask for your credit report once a year. There are two agencies that can help you with that—Equifax or TransUnion.

Check that the information is correct and if not, contact your provincial or territorial consumer affairs office. Also, beware of companies saying they can correct your credit report for a fee, sometimes hundreds of dollars. No credit repair company can do anything that you can't do yourself.

You can find more tips on reducing your debt and checking out your credit report in Take Charge of Your Debt at www.ic.gc.ca/debt.

This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.

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About the Author

Tracy Head and Laurie Baird help busy families find mortgage solutions. Together they have more than 45 years of experience in the mortgage industry.

With today’s increasingly complicated mortgage rules, Tracy and Laurie spend time getting to know the people they work with and help them to better understand the mortgage process. They support their clients before, during, and after their mortgage is in place.

Tracy and Laurie work closely with their clients, offering advice and options. With access to more than 40 different lenders, Tracy and Laurie are able to assist with residential, commercial, and reverse mortgages in order to match the needs of their clients with the right mortgage package.

They work closely with their clients to find the right fit, and are around to provide support for years down the road!

Contact them at 250-862-1806 or visit www.okanaganmortgages.com

Visit their blog at www.okanaganmortgages.com/blog


The views expressed are strictly those of the author and not necessarily those of Castanet. Castanet does not warrant the contents.

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