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Understanding credit reports and consumer statements

December 2025

Finance Friday

In this Finance Friday segment, FirstOntario’s Chief Risk Officer Mark Perkins answers viewer questions about credit reports and why they matter. Learn what a credit bureau is, how your credit score impacts access to credit, and what steps to take if you find errors or fraud on your report, including the role of a consumer statement. Discover why checking your credit report regularly is essential and how it can affect everything from loan approvals to employment opportunities.

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Strong financial literacy is key to making informed decisions about money.

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