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What are red flags on a credit check?

Errors to watch out for on your credit report mistakes in your personal information, such as a wrong mailing address or incorrect date of birth. errors in credit card and loan accounts, such as a payment you made on time that is shown as late.

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Why check your credit report

Your credit report is a record of how well you manage credit. Errors on your credit report can give lenders the wrong impression. If there's an error on your credit report, a lender may turn you down for credit cards or loans, or charge you a higher interest rate. You may also not be able to rent a house or apartment or get a job. Errors can also be a sign that someone is trying to steal your identity. They may be trying to open credit cards, mortgages or other loans under your name. Take a close look at your credit report at least once a year to see if there are any errors.

Get a copy of your credit report for free.

Errors to watch out for on your credit report

Once you get your report, check for:

mistakes in your personal information, such as a wrong mailing address or incorrect date of birth errors in credit card and loan accounts, such as a payment you made on time that is shown as late negative information about your accounts that is still listed after the maximum number of years it's allowed to stay on your report accounts listed that you never opened, which could be a sign of identity theft A credit bureau can’t change accurate information related to a credit account on your report. For example, if you missed payments on a credit card, paying the debt in full or closing the account won't remove the negative history. Negative information such as late payments or defaults only stays on your credit report for a certain period of time.

Learn how long information stays on your credit report.

Check your credit report for fraud

Look for accounts that don't belong to you on your credit report. Accounts that you don't recognize could mean that someone has applied for a credit card, line of credit, mortgage or other loan under your name. It could also just be an administrative error. Make sure it's not fraud or identity theft by taking the steps to have it corrected. If you find an error on your credit report, contact lenders and any other organizations that could be affected. Tell them about the potential fraud.

If it's fraud, you should:

contact Equifax Canada and TransUnion Canada to inform them about the fraud

ask to put a fraud alert on your credit report

report it to the Canadian Anti-fraud Centre

The Canadian Anti-Fraud Centre is the central agency in Canada that collects information and criminal intelligence on fraud and identity theft. A fraud alert, or identity verification alert, tells lenders to contact you and confirm your identity before they approve any applications for credit. The aim is to prevent any further fraud from happening. Ask the credit bureaus to put a fraud alert on your credit report if:

you've been a victim of fraud

your wallet has been stolen

you've had a home break-in

You may need to provide identification and a sworn statement to prove that you've been a victim of fraud. You can set up a fraud alert for free with Equifax. TransUnion charges a fee of $5 plus taxes to set up a fraud alert.

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Can you make a full time income sports betting?

Yes. Sports betting can be a career if you make it your full-time job and put in the hours. While only a small percentage of sports bettors are profitable in the long run, it's possible to become one of those individuals.

Can sports betting be a career?

Yes. Sports betting can be a career if you make it your full-time job and put in the hours. While only a small percentage of sports bettors are profitable in the long run, it's possible to become one of those individuals. First, you need to follow the basics.

Set a bankroll

Study

Shop Odds

Don't trust others

Grow Your Bankroll

If you can turn a profit after a certain amount of time, the next step is to gradually grow your bankroll. If you continue to have success betting on sports, it's not going to be a one bet and you're done kind of thing. It's important to abide by the unit rule and limit wagers from one to five units per bet. Just because you really like one matchup doesn't mean you should put all of your money into it. Successful bettors steadily grow their bankrolls and don't fall into the trap of becoming overconfident.

It's not easy, but it's possible

While you can become a full-time sports bettor, getting "rich" is another story and one that's unlikely to happen no matter how successful you become. To turn a positive, you have to hit more than 52.4% of your bets, though that depends on what kind of odds you're getting. It may be possible to hit more than 60% for a season, but doing that consistently, year-after-year, is another question. No matter how good a bettor is, they will likely hit a cold streak at some point in their lives, which takes a chunk out of their bankroll, which is why it's important to limit your action on every bet.

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