How long do influences affect your Credit Score
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Length of time depends on many factors
Information that affects your credit score is usually removed from your credit report after a certain period of time. The length of time that information must stay in your report depends on:
- the province or territory where you live; and
- the type of information.
The following charts show how long it takes before information is removed from TransUnion and Equifax credit reports.
| TransUnion | BC | AB | SK | MB | ON | QC | NB | NS | PEI | NL | Terr. |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Year(s) | |||||||||||
| Credit transactions (trades) (from the first date of delinquency) |
6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Judgments (from the reporting date) |
6 | 6 | 6 | 6 | 7 | 7 | 7 | 6 | 10 | 7 | 6 |
| Collections (from the first date of delinquency) |
6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Secured loans (registered items) (from the date opened) |
5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Bankruptcy (from the discharge) |
6 | 6 | 6 | 6 | 7 | 7 | 7 | 6 | 7 | 7 | 6 |
| Registered consumer proposal, Orderly payment of debts (from the date satisfied) |
3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Credit counseling (from the date satisfied) |
2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Equifax | BC | AB | SK | MB | ON | QC | NB | NS | PEI | NL | Terr. |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Year(s) | |||||||||||
| Credit transactions (trades) (from the date of last activity) |
6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Judgments (from the date satisfied or deposit) |
6 | 6 | 6 | 6 | 6 | 6 | 7 | 6 | 7 to 10 | 6 | 6 |
| Collections (from the date of last activity) |
6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Secured loans (registered items) (from the filing date) |
6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Bankruptcy (from the discharge date) |
6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Registered consumer proposal, Orderly payment of debts (from the date paid) |
3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Credit counseling (from the date paid) |
3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Source: Equifax and TransUnion
What does a credit score look like?
Below, you will find a link to samples of credit scores from two Canadian credit-reporting agencies: TransUnion and Equifax. If you look at these examples carefully, you will see what kind of information a credit score report contains. This should help you understand your own credit score. The examples shown are for illustration purposes only.
To learn more about your credit file and credit score, view Understanding Your Credit Report and Credit Score.
