How do banks define a bad credit mortgage in Ontario? The answer is a credit scoring is a system used by companies such as TransUnion helps determine whether to give you credit for a mortgage. Before you request any credit loans in Canada, get your credit score and a personal score analysis.  

Read the information on the credit report to see if the report is accurate.  Many times, when clients are looking for a mortgage in Canada they will find that creditors have not reported information correctly and the bad rating may come as a surprise to both you and the lender. Therefore, the best advice is to get your credit report well in advance and make sure it is accurate. If there are any errors you can contact the credit rating agencies and explain why there is an error.