Mortgage 4

Equifax, Transunion and Northern Credit Bureau (NCB)

• Consumer File Alert: info. on inquiry doesn't match file or is invalid.
• Safescan Warning: Fraud alert message warns you of potential application fraud.
• INQS: Alert appears if 3 or more inquiries within past 90 days
• #INQS: since file established
• ES: Employment Subject
• EF: Employment Former
• E2: Employment Second Former
• EC: Employment Spouse (except in QC)

A legally declared inability of an individual/organization to pay their creditors. Kept on Equifax file for 6 years, Transunion 7 years.

A debt that a creditor is unable to collect, kept 6 years on file.

A loan in which a Borrower pledged an asset such as a car that may be sold if the Borrower is unable to repay the loan. A chattel mortgage, registered loan or lien.

A final court ruling resolving the key questions in a lawsuit.

Statement the consumer or subject added to the file to explain discrepancies or other comments.

• O - open account (30 or 90 days)
• C - Line of credit
• R - revolving or option (open-end account)
• M - mortgage
• I - Instalment (fixed number of payments)

• 0 - too new to rate, approved but not used
• 1 - Pays within 30 days or payment due date
• 2 - Pays between 30-60 days
• 3 - Pays between 60-90 days
• 4 - Pays between 90-120 days
• 5 - Pays 120+ days
• 7 - Payments under a consolidation order
• 9 - Bad debt, placed for collection