If you have bad credit you may be reluctant to apply for a loan as many lenders rely
heavily on credit checks.
Not exact matches
«We rely
heavily on credit bureaus to do KYC,» he says, adding that the new FINTRAC regulations now allow Trulioo and other data firms to use driver's licenses, customer phone bills and Social Insurance Numbers to do these
checks.
Lenders will rely
heavily on these to determine your loan eligibility, so be proactive about
checking your report and correct any problems, which may be tanking an otherwise good
credit score.