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[frere]

Hello Everyone,

Been reading the forum and I've got a lot more reading to do! A lot of helpful info and it is appreciated! Hubby received a copy of his credit report from Equifax. Here are my ?s please:

1. Hard copy of report. Is the credit score not displayed? How can I obtain the credit score?
2. He has only 4 TL showing, one is an R1, R2, and I1, 09. I assume the first 3 are good while the "o9" is bad, correct?

3. The "O9" is an old acct and here is the info: last reported 2009/09/01. At this time, reported balance is $0. Addl comments: Settlement made. Closed at consumer's request. Account has been 2, 3, 4 + pymt periods behind: 0 times. All other reportings were paid as agreed. When would this reporting "fall off" the credit report? Also, is there anything I can do as far as in writing, via fax, etc to inquire to see if they will remove it?

4. Lastly, the credit inquiries that show on his file is a list of 15 dating back to 2002. Do these ever "fall off"? Is there anything that can be done to have these removed as I have heard from other sources that this attributes to negative reporting?


Any and all advice is more than appreciated! I am new to Canada and am trying to help clear up things for him so that both him and I can start with as fresh or clear a slate as possible! Thanks for your help!

[Handsome Rob]

How can I obtain the credit score?
-Pay them. Their "credit monitoring services" for (X)$ per month.

I assume the first 3 are good while the "o9" is bad, correct?
0 Current account/zero balance-reported on update tape
1 30 days past the due date
2 60 days past the due date
3 90 days past the due date
4 120 days past the due date
5 150 days past the due date
6 180 days past the due date
7 Bankruptcy Chapter 13 (Petitioned, Discharged, Reaffirmation of Debt Rescinded)
8 Derogatory, e.g. foreclosure proceeding, deed in lieu
9 Bankruptcy Chapter 7, 11, or 12 (Petitioned, Discharged, Reaffirmation of Debt Rescinded)

When would this reporting "fall off" the credit report? Also, is there anything I can do as far as in writing, via fax, etc to inquire to see if they will remove it?
Supposed to fall off X years passed your date of first delinquency, the first time the account was delinquent. X years because Statute of Limitations varies by province. In my case it's 6 years. Transunion has been great with this, Equifax complete douchebags.

Dear Consumer:

Thank you for your recent communication to our office.

All the information contained in your Credit File is part of your credit history. This is why it is still reported, even if the accounts are paid or settled by other means. The fact that you have paid an account on time, or did not pay as agreed, is of interest to any potential credit grantor as it reflects your actual payment history. A Credit File shows past and present credit transactions. Credit information typically remains on file for six years after the last activity date.

This account now 7 years old. Law here states:

109 (1) A reporting agency must not include in a report given under section 108 (1) (a) [to whom reports may be given] any of the following:
...
(o) any other information adverse to the individual's interest 6 years after the event that gave rise to the information;

Your province may vary. I have no idea about inquiries.