The credit bureaus charge annual fees as well as a fee for each credit report requested by members.
Consumers supply information , primarily from filling out application forms for credit.
Public records provide information on such matters as bankruptcies, Court judgements, foreclosures and agreements registered with Provincial authorities. The major credit grantors and collection agencies send their credit files electronically to the credit bureau every month, resulting in files that include the account number, outstanding balance, and a nine point scale indicating whether a payment was made on time or late. 5 Account is at least 120 days overdue, but is not yet rated 9. 6. 7 Making regular payments under a consolidation order or similar arrangement. The data included in the bankruptcy will be purged six years from date of last activity.