Information for Businesses
Credit Reporting Agencies
IMPORTANT: The Consumer Protection Division web pages have been moved. For the latest information and updates, please go to http://www.fcaa.gov.sk.ca/cpd.
For the latest information about the Credit Reporting Act, click here.
The Credit Reporting Act controls the practices of credit reporting agencies and requires them to be licensed. An agency that practices prohibited methods of credit reporting can have its license suspended or cancelled.
The following are examples of what would be unlawful for a credit reporting agency to include in a credit report. See section 18 of the Act for a comprehensive listing.
Examples of who a credit reporting agency may provide information to, include:
For a comprehensive list see section 17 of the new Act.
Consumers have the right to review their files and to be told whether the information has been given to anyone. If a consumer disagrees with the accuracy or completeness of any information in their credit report, the credit reporting agency must investigate. If the agency determines that the information is incorrect, it must delete or change the information and notify every person given a credit report on that consumer in the previous 6 months.
If the agency determines the file information is correct, the consumer's statement of dispute remains on file, and the agency must then notify all persons given the credit report in the past 6 months of the disputed information.
For more information, contact: