Negligent Credit Reporting
Our goal is to make your life easier by showing you legal information in an easy-to-read format that's accessible wherever you are.
My credit rating should be great but it’s not
The position of the Courts and their recognition of the importance of the reporting of accurate information both by creditors and credit reporting companies are well outlined in the case of Parmar v Royal Bank of Canada, 2016 ABQB 439 (CanLII) which stated:
 Credit reporting agencies are required to provide their reports based on the most reliable evidence reasonably available. Taking into consideration the over 110,000 reports the agencies receive monthly, relying on the credit granting institutions for information seems the only commercially reasonable way for them to carry on business.
Their obligation is to set up reasonable procedures for ensuring information is fair and accurate and for investigating disputes: Spencer v. Equifax Canada Inc., 2011 ONSC 7284 (CanLII)2011 ONSC 7284 (CanLII), 2011 ONSC 7284 (Ont. S.C.J.), para’s 34, 35.
Thus if you believe that your credit rating has been impacted by inaccurate or negligent reporting schedule a time and we will assist you in discovering whether you have remedies that can be pursued.
Frequently asked questions
We make various inquiries into the conduct and compliance of Credit Reporting companies and commence the appropriate proceedings to ensure compliance or damages.