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Financial Consumer Agency of Canada

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Frequently Asked Questions

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FILE UPDATED TIME 19/12/2006 2:15:09 PM
TOTAL READ COUNT 1320

Question:

Can a financial institution refuse to give me a loan?

Answer:

Yes, it can. Financial institutions set their own lending guidelines and policies. One reason a financial institution could refuse to grant you a loan is because of your credit history.

You may wish to review your credit file to check if it accurate. You should also speak to your financial institution about other options available to you.

Resource(s):

  • Equifax Canada
    Consumer Relations Department
    Box 190, Jean Talon Station
    Montreal, QC H1S 2Z2
    Tel: 514-493-2314 or
    Toll-free: 1-800-465-7166
    Fax: 514-355-8502

  • Experian Canada Inc.
    150 King Street West
    Suite 805
    P.O. Box 68
    Toronto, Ontario
    M5H 1J9
    Tel. (toll-free): 1-888-826-1718
    Fax (toll-free): 1-800-646-5876

  • TransUnion Canada
    For residents of all provinces and territories except Quebec:
    Consumer Relations
    Box 338, LCD 1
    Hamilton, ON L8L 7W2
    Toll-free: 1-800-663-9980
    Fax: 905-527-0401

    TransUnion Canada
    For residents of Quebec:
    Consumer Relations
    1 Place Laval, Suite 370
    Laval, PQ  H7N 1A1
    Toll-free: 1-877-713-3393

  • TransUnion Canada (Echo Group)
    For residents of Quebec:
    Consumer Relations
    1 Place Laval, Suite 370
    Laval, QC, H7N 1A1
    Toll-free: 1-877-713-3393

  • Understanding Credit
    (Canadian Bankers Association)

  • Understanding Your Credit Report and Score

Classification of this FAQ:

Category Sub-category
Loans Credit rating/Credit bureaus
  Applications
Mortgages Credit rating/Credit bureaus
  Applications

Related Question(s):



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Date Modified:
2013-01-03