The Collection Advisor

12 Tips to Protect Your Credit Score from Identity Theft

Posted by Brian Summerfelt on Dec 13, 2017 6:04:00 AM

You never think it’ll happen to you.

Until the day it does.

Identity theft. Whether it’s a news story, social media post, or coffee house chitchat, we continue to hear stories almost daily where a fraudster hijacked someone’s identity to access money or get credit. The victim, suddenly under a mountain of debt, faces the daunting task of proving “that wasn’t me!”

What’s worse, identity theft tends to destroy one‘s credit score, making it impossible to get a mortgage, vehicle loan or credit card until you fully resolve the situation—a convoluted process that takes many infuriating hours.

Click to learn about your credit score and credit bureaus in Canada

Think you’re not at risk? Well, it’s not just negligent or careless people who have their identity stolen.

Hey, it even happened to me.

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Topics: Credit Bureaus, Identity Theft, credit score

Credit Bureaus of Canada & Collection Agencies: How they Affect Your Future

Posted by Brian Summerfelt on Jan 9, 2017 1:26:34 PM

What’s the difference between a credit rating and credit score? What are “credit bureaus” in Canada, and how do they manage your credit file? What is the impact on your credit score if your account is assigned to a collection agency?

These are very important questions, attached to big consequences. Yet alarmingly few Canadians can answer them correctly. 

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Topics: Collection agencies, Credit Bureaus

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