{"id":134431,"date":"2022-01-09T19:00:00","date_gmt":"2022-01-10T00:00:00","guid":{"rendered":"https:\/\/milesopedia.com\/news\/read-credit-report-transunion\/"},"modified":"2024-05-31T13:23:22","modified_gmt":"2024-05-31T17:23:22","slug":"read-credit-report-transunion","status":"publish","type":"post","link":"https:\/\/milesopedia.com\/en\/personal-finance\/credit-score\/read-credit-report-transunion\/","title":{"rendered":"How to read your TransUnion credit report?"},"content":{"rendered":"

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TransUnion Credit Report<\/h2>\n

We’ve been talking regularly about the credit report<\/a>. <\/p>\n

There are two credit scoring agencies in Canada: TransUnion<\/a> and Equifax<\/a>. You can request your credit report free of charge each year<\/a>. You will then get a paper or electronic copy but not your score.<\/p>\n

TransUnion<\/a> offers a paid monthly subscription to access your score and real-time details of your credit report. This subscription is without obligation so you can stop it at any time.<\/p>\n

Open an account to get your TransUnion credit report<\/h2>\n

After opening your account<\/a>, you will access your scoreboard displaying your score, but also the essential information of your TransUnion credit report.<\/p>\n

The first section concerns your subscription and allows you to manually update your score. You can do this at any time, you will also receive an email if it changes.<\/p>\n

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My TransUnion credit rating<\/h3>\n

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It’s the most prominent information. Your score is then compared to the Canadian population. Apoints hunter<\/a> can sometimes fall below 750. However, the score does not tell the whole story. But if you plan to negotiate a mortgage<\/a>, it’s best to stay above it.<\/p>\n

Alerts<\/h3>\n

You will receive an email when a new history request is made. An alert can be created when your credit card is first charged and the financial institution reports it to TransUnion. Finally, a closed account can also trigger an update.<\/p>\n

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Debt analysis<\/h3>\n

We can’t say it enough, but the travel hacker<\/a> must not go into debt<\/strong>to play the points game. So, pay your credit cards on time!<\/p>\n

This section allows you to see your debt ratio. This is relative because it is based on the gross monthly income you declare when you register. The high limit considered dangerous is 44%.<\/p>\n

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Summary<\/h3>\n

Next comes the “ingredients” of your TransUnion credit score.<\/p>\n

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There are the :<\/p>\n