Canadian Money Advisor 2005

Helping Canadians Understand Their Money & Personal Finance since 2005

WHAT THE CANADIAN CREDIT REPORTING AGENCIES / CREDIT BUREAUS
DON'T WANT YOU TO KNOW - SPECIAL REPORT!



CANADIAN CREDIT REPORTING AGENCIES HAVE THEIR PLACE
I'm the first to admit it. Our current world that relies on electronic commerce and reporting, would be in rough shape without the credit reporting agencies ("CRAs"). Credit transactions and commerce would slow down to a stall if we didn't have centralized CRAs.

The problem is that almost every credit report has some inaccuracy or incomplete information of some sort on them. (PLEASE, CHECK YOUR OWN REPORT TO VERIFY THIS STATEMENT.). As I learn more about this industry, I see many different ways that inaccuracies and errors can happen on your credit reports. The problems multiply when credit companies change their information, stop providing the service, or go out of business.

DIFFERENT LAWS REGULATE CRAs IN CANADA
What the CRAs don't want you to know is that there are laws that regulate their industry. In order for them to comply with the laws would be nearly impossible if they wanted to stay in business. There would be millions of hours of research for their employees to keep their reporting information in compliance with the law. To make the CRAs life even more complicated, each province has slightly different laws that they have to adhere to.

It is our job to keep your credit information so that it complies with the maximum accuracy regulations.

CANADIAN GOVERNMENT IS NOT FULLY AWARE OF THE PROBLEM
When I contacted my local consumer affairs government agency they weren't very well versed on the credit repair. They welcomed my call as I was educating them on some of the problems that I've seen. Translation: The CRAs are businesses who are getting away with alot of non-compliance because nobody is really educated on the subject of credit reporting.

It is our intention to put a microscope on the problems created for the consumer by the misreporting of credit information. We will discuss these issues very vocally with the media, when necessary, to increase the awareness with the consumer and government.

CHECK OUT OUR REFERENCES
If you have any questions about our company or the service we provide, please feel free to call us. We understand that we have to prove ourselves over and over again to our clients. We understand that we've got a big job ahead of us in the future. Credit repair in Canada is a relatively new service that hasn't had much publicity. Express Credit Repair believes that as we develop more and more awareness, it will create an environment for people to take control over their credit information and make it work for them. We want the consumer to understand how their credit information is reported and how it affects them.