Credit Reports Québec

Consumer protection in Québec is handled by the Office de la protection du consommateur. Meanwhile, the organization that is responsible for the Credit Reporting industry is the Autorité des marchés financiers (AMF). The AMF is an organization that supports the government of Québec and provides assistance to Canadians with financial products and services such as credit reports.

How does the Credit Reporting work in Québec ?

Credit reporting agencies in Québec are regulated by the province by an Act respecting the Autorité des marchés financiers.

Similar to other provinces, the credit reporting agencies by law are required to provide up-to-date information about on Canadian credit reports. Credit reports can be requested for free by contacting the various credit bureaus in Canada

Remember your credit report is like your financial ID. Check your credit reports in Canada regularly – at least once a year – to see if the information is correct and accurate.

How are Canadians in Québec protected in the credit reporting industry?

The Québec government has various offices and advisory boards which determine what credit reporting agencies can do with your personal information. Information that is captured by a credit agency must be accurate and companies that use your credit history information must take extra steps verify your identity.

How long does credit information stay on your credit history?

  • By law, negative information on in your credit history can only be kept on your credit report for a certain amount of time. For most of the information, it has to be removed after 6-7 years.

How to resolve credit reporting issues in Québec ?

  • Request for a Free Credit Report and review for inaccuracies
  • Contact the credit bureau in Québec to resolve the issue
  • If you can’t resolve an issue with the credit reporting agency. Contact the information centre at 1-877-525-0337 toll-free | Québec City: 418-525-0337 | Montréal: 514-395-0337 |information@lautorite.qc.ca

Your credit report contains a lot of important information. To ensure that you are keeping a good credit score, check your credit report often.