The two credit reporting agencies in Canada are Equifax Canada and TransUnion . You should review the Financial Consumer Agency of Canada’s publication Understanding your credit report and credit score . By visiting their website you can learn more about: Credit report and score basics How to understand your credit report How to improve your credit score How to correct errors and...

Further to FAQ 4 and 6 above it is the duty of the debtor.

Speak to your Licensed Insolvency Trustee to determine a course of action.

No, whether you can obtain credit after your discharge from bankruptcy will depend on your ability to convince lenders of your financial maturity and ability to repay the debt. There are no guarantees, no one is required to give you credit.

Do not rely on someone else to rebuild your credit. You must be the driving force. Clean up your credit report — make sure all errors are corrected. Obtain new credit — a secured credit card, small secured loan or RRSP loan. Make sure the new credit is reported to the credit bureau (not all credit products are reported). Start by asking your financial institution what products they have available to help you...

You will need to improve your credit score before you can obtain a mortgage and you will need a down payment. Start by saving and obtaining small credit balances and paying them off before the due dates to improve your credit score.

There are many factors to consider when choosing the right credit card. The Financial Consumer Agency of Canada has a credit card selector tool and can help you understand the fees, costs, rewards and benefits of each credit card.

Refer these creditors to your Trustee. If the creditors are persistent provide them with a copy of your Discharge Certificate or Order and a copy of your Statement of Affairs showing that the creditor was included in your bankruptcy and that your debt to them is now discharged. If the creditor is harassing you or collecting in an unethical manner you can report them to the Office of Consumer Affairs in your Province.

If your Trustee hasn’t been discharged yet, simply tell the creditor to contact your Trustee and participate in your bankruptcy. If your Trustee has been discharged then the creditor is entitled to be paid the same dividend (% of debt) your other creditors received from your bankruptcy. You will have to pay this amount. Contact your Trustee to discuss this. If you deliberately omitted the creditor from your bankruptcy (the onus is...