Canada Kicks Ass
Mistake on my credit record--what can I do?

REPLY



Greywulf @ Wed Feb 07, 2018 12:13 pm

I was recently denied overdraft protection from my bank. The reason they gave was that my Canadian credit record was flagged for bankruptcy. This is a mistake. I have never filed for bankruptcy. I sent for a free copy of my credit history from Equifax Canada, and expect it will arrive within 2 weeks. I know that once I get that file I need to find the error and file a dispute, but is there anything else I can do?

My credit score is already low because I have been living outside of Canada for several years so I need to build it back up, but this mistake is preventing me from getting overdraft protection, applying for a credit card, renovating my kitchen (because I want to put those large purchases on a credit card and pay them off to begin rebuilding credit), and driving my wife crazy (which is in turn making me crazy).

Has anyone on here been through this? Is there any legal recourse? This error has already nearly made me miss a mortgage payment and is having a serious negative impact on my life. What else can I do?

   



BartSimpson @ Wed Feb 07, 2018 12:17 pm

Pay cash. That's always an option.

I've been debt free since 2009 and as a consequence my current aggregate credit score (where 800 is stellar and 500 is poor) is a single digit of 4.

Which is fine by me since I don't care to do business with the international bankster cartel anymore.

So fuck 'em. Pay cash and stop giving the fucking banks money for nothing. :wink:

   



Thanos @ Wed Feb 07, 2018 12:32 pm

Yup. Cash time. The more people who go back to using cash the more pressure it will put on the banks, simply by cutting off their profit from interest. If they screw you with an erroneous or malicious attack on your credit then hit them back in the only way you can by using as few of their services as possible.

Also take out a safety deposit box and start putting cash into it. That way you won't be left adrift and helpless if the scum seize your savings account.

   



martin14 @ Wed Feb 07, 2018 12:37 pm

Greywulf Greywulf:
I was recently denied overdraft protection from my bank. The reason they gave was that my Canadian credit record was flagged for bankruptcy. This is a mistake. I have never filed for bankruptcy. I sent for a free copy of my credit history from Equifax Canada, and expect it will arrive within 2 weeks. I know that once I get that file I need to find the error and file a dispute, but is there anything else I can do?

My credit score is already low because I have been living outside of Canada for several years so I need to build it back up, but this mistake is preventing me from getting overdraft protection, applying for a credit card, renovating my kitchen (because I want to put those large purchases on a credit card and pay them off to begin rebuilding credit), and driving my wife crazy (which is in turn making me crazy).

Has anyone on here been through this? Is there any legal recourse? This error has already nearly made me miss a mortgage payment and is having a serious negative impact on my life. What else can I do?



1. Change your bank.

2. Forget overdrafts, they just affect your credit rating.
Try financial discipline.

2. Some banks will issue a credit card, provided you take a GIC as collateral.

   



Coach85 @ Wed Feb 07, 2018 1:33 pm

Thanos Thanos:
Yup. Cash time. The more people who go back to using cash the more pressure it will put on the banks, simply by cutting off their profit from interest. If they screw you with an erroneous or malicious attack on your credit then hit them back in the only way you can by using as few of their services as possible.

Also take out a safety deposit box and start putting cash into it. That way you won't be left adrift and helpless if the scum seize your savings account.


Not realistic. Besides being super-inconvenient, you're giving up time having to run and get cash when you need it. Our society is moving closer and closer to a cashless society. One guy using money from his mattress won't make a difference.

Safety deposit box? What are you, 95 years old? :lol:

   



Coach85 @ Wed Feb 07, 2018 1:34 pm

Greywulf Greywulf:
I was recently denied overdraft protection from my bank. The reason they gave was that my Canadian credit record was flagged for bankruptcy. This is a mistake. I have never filed for bankruptcy. I sent for a free copy of my credit history from Equifax Canada, and expect it will arrive within 2 weeks. I know that once I get that file I need to find the error and file a dispute, but is there anything else I can do?

My credit score is already low because I have been living outside of Canada for several years so I need to build it back up, but this mistake is preventing me from getting overdraft protection, applying for a credit card, renovating my kitchen (because I want to put those large purchases on a credit card and pay them off to begin rebuilding credit), and driving my wife crazy (which is in turn making me crazy).

Has anyone on here been through this? Is there any legal recourse? This error has already nearly made me miss a mortgage payment and is having a serious negative impact on my life. What else can I do?


Once you get your report, you can find what the error is and correct it.

Legal recourse? Don't waste your time.

How did this error almost cause you to miss a mortgage payment?

   



raydan @ Wed Feb 07, 2018 4:23 pm

Most of the time, a first time poster who asks a question like this will probably spam us. :wink:

   



BartSimpson @ Wed Feb 07, 2018 4:44 pm

raydan raydan:
Most of the time, a first time poster who asks a question like this will probably spam us. :wink:


Oh, yeah.

But you never know so I always try to be nice to them if their first post isn't spam. :wink:

   



BRAH @ Wed Feb 07, 2018 8:24 pm

Cash or a disposable credit card.

   



Greywulf @ Fri Feb 09, 2018 9:01 am

Thank-you for the replies so far. There are some nuggets of good advice in here, I just have to sift through... I think I will just wait for my report, find the error, file a dispute, and hope it is resolved in a month or so.

Some odd assumptions made about me in some of the replies; won't even bother responding to them. As for this almost making me miss a mortgage payment...maybe that was a slight exaggeration, as it was mostly my fault for not allowing enough time for a cheque to clear.

   



BartSimpson @ Fri Feb 09, 2018 9:45 am

Greywulf Greywulf:
Thank-you for the replies so far. There are some nuggets of good advice in here, I just have to sift through... I think I will just wait for my report, find the error, file a dispute, and hope it is resolved in a month or so.

Some odd assumptions made about me in some of the replies; won't even bother responding to them. As for this almost making me miss a mortgage payment...maybe that was a slight exaggeration, as it was mostly my fault for not allowing enough time for a cheque to clear.


No offense, there's just a well-established pattern of literally hundreds of people coming on here over the years and then asking a question or offering advice just before they post a link to some amazing new product or service that solves the problem they asked us about in the first place.

I'm usually the most skeptical so do kindly note I took you seriously. :wink:

That said, I welcome you to join in on the other topics we have around here. :mrgreen:

   



PluggyRug @ Fri Feb 09, 2018 10:08 am

Become a socialist and get all those that work for a living to pay your way.

   



Greywulf @ Mon Feb 12, 2018 9:18 am

An "interesting" development--I found a way to view/download/print my credit report online for free, I looked it over, and the section regarding Bankruptcy is blank!

So now I wait for the other (Equifax) report and see if it's the same. (I don't know why it wouldn't be).

I guess no bankruptcy record is better than a false bankruptcy record, but seriously, WTF?

   



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