Pat Drummond

Pat Drummond is the author of Credit Reports Canada and considered by many to be one of the leading experts on productivity and simplicity in relation to financial planning. He started this online credit score & reporting site to chronicle and share what he’s learned in over 20 years of counseling families and individuals on debt management, obtaining loans and improving credit scores.

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Pat Drummond's Latest Posts

Free Credit Report Canada: 3 simple ways to get a free report and score

Filed in Credit Reports, Credit Score by on March 11, 2013 4 Comments
Free Credit Report Canada: 3 simple ways to get a free report and score

Over 24 Million Canadians have credit reports that include information about every loan they’ve taken out in the last six to seven years, and yet, most of them are not aware of what is in a credit report.  The reports are free for the asking, so why not figure out how you can get a […]

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Why it is Worth Paying for Online Access to your Credit Report

Filed in Credit Reports by on March 6, 2013 2 Comments
Why it is Worth Paying for Online Access to your Credit Report

Are you interested in seeing your credit report? Your credit report is an important set of information that lenders check to see if you are worth doing business with. There are many ways to get your credit report online. However, it is very important that you obtain your report from Canadian Credit Bureau and not […]

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Are Lenders Required to Report to Canadian Credit Bureaus?

Filed in Credit Reports by on February 22, 2013 1 Comment
Are Lenders Required to Report to Canadian Credit Bureaus?

Canadian Credit Bureaus capture information about credit transactions on a regular basis – from payment history on credit cards, to loan balances on house and car. However, credit bureaus only receive information that is reported to them by the lenders. The keyword here is receive. Think of the Credit Bureau as a container that is […]

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Setup a Payment Plan that Works

Filed in Debt Management, Personal Finance by on February 20, 2013 0 Comments
Setup a Payment Plan that Works

Like many Canadians, having credit card debt is a fact of life. Those seemingly small purchases tend to add up over the month and, by the time you know it, you have charged more than you expected. That’s how easy debt can add up. More importantly however, is how you manage and tackle your debt […]

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Good Balance Means Great Credit Scores

Filed in Credit Reports, Credit Score by on February 13, 2013 0 Comments
Good Balance Means Great Credit Scores

The dictionary term of balance is to provide a state of equilibrium, an equal distribution of weight or to provide stability. This holds true for Canadian Credit Reporting as well.  In order for Canadians to improve their credit score, a simple rule that many advisors miss is ‘keeping a good balance’. We’re not talking about […]

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Canadian Credit Report 101

Filed in Credit Reports by on December 20, 2012 0 Comments
Canadian Credit Report 101

In this article, we will help you explain some of the common terms about credit and credit reporting in Canada. Every Canadian will have a credit report, some of them may be only a page long, while others will have several pages of historical financial information. Having said that, each person will only have 1 […]

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Factors that affect your Credit Reports

Filed in Credit Reports by on December 13, 2012 0 Comments

As Canadians, we all know the importance of credit reports. Our credit reports contain detailed information about our financial transactions and history. As part of our credit report, Credit Bureaus of Canada also score us based on our financial history. They factor in many variables and use industry metrics to come up with a credit […]

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Checking Credit Reports can Prevent Fraud

Filed in Credit Reports by on December 10, 2012 0 Comments

Canadians are encouraged to check their credit reports monthly and at minimum, once a year. Why? Credit card fraud costs money and can affect your credit score and ruin your financial stability.  According to  statistics, approximately 70 million credit cards were in circulation across Canada in 2009. Of those, 541,580 accounts were compromised. It is […]

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10 Things Creditors can see on Your Credit Report

Filed in Credit Reports by on December 9, 2012 2 Comments
10 Things Creditors can see on Your Credit Report

Canadian credit reports hold a wealth of information about you and it can get very personal. In fact, creditors have access to the same information! So the next time you walk into a bank and inquire about a new loan, credit card or about investing, remember that the person you’re sitting in front can see […]

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Why is a credit report important?

Filed in Credit Reports by on December 5, 2012 0 Comments

Canadians need to know exactly what is information is being collected on their credit report. Surprisingly, almost half of Canadians have never seen a credit report in their lives. Why is a credit report so important? Think about your Canadian Passport ID. You keep it in a safe place when you travel. You take care […]

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