Why its important to know what is on your credit report
Richard Moxley,The Globe and Mail, July 17 2015
It is always important to know what is on your credit report. Suppose you find yourself in a financial bind and you have to choose which bills you’re going to pay first that month. You should pay the bills that will affect your credit the most. By no means am I suggesting that you shouldn’t pay certain bills, but if there are times when extreme circumstances arise, such as an illness, death in the family, or loss of employment, you may have to make choices. During these times, when you can’t pay all your bills, it’s good to know that bills such as rent, heat, hydro, water, phone, cable, and taxes don’t affect your credit score right away. However, if these bills go unpaid for a number of consecutive months, they will be sent to collections.
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