{"id":354534,"date":"2024-08-26T13:03:00","date_gmt":"2024-08-26T17:03:00","guid":{"rendered":"https:\/\/milesopedia.com\/?p=354534"},"modified":"2024-08-26T17:16:10","modified_gmt":"2024-08-26T21:16:10","slug":"equifax-canada-evaluation","status":"publish","type":"post","link":"https:\/\/milesopedia.com\/en\/reviews\/products\/equifax-canada-evaluation\/","title":{"rendered":"Equifax Canada Credit Bureau Overview"},"content":{"rendered":"

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Equifax is a global data company and credit reporting agency, also known as a credit bureau, founded in 1899 in the United States. Equifax operates in several countries, including Canada, where it offers products and services to consumers and businesses.<\/p>\n

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Equifax Canada is known for its credit report<\/strong> and credit score<\/strong>, a number between 300 and 900 designed to represent the likelihood that you will pay your bills on time. But it also offers other tools, including credit monitoring products and an online education center.<\/p>\n

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Equifax offers credit tools for individuals<\/b>, such as credit reports and credit scores<\/a> (free of charge). If necessary, Equifax provides you with a tool to dispute information on your credit file. It also offers credit monitoring products for a monthly fee. Finally, Equifax has an (online) education center with information on credit and identity theft.<\/p>\n

But Equifax doesn’t just offer tools for individuals. Equifax offers products and services for businesses<\/b>. These include credit reports, credit trends, market data and economic overviews.<\/p>\n

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Equifax Canada offers two credit monitoring products for consumers:<\/p>\n

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  1. Equifax CompleteTM<\/sup> Premier<\/li>\n
  2. Equifax CompleteTM<\/sup> Friends and Family<\/li>\n<\/ol>\n

    [\/vc_column_text][vc_column_text css=””]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    Features<\/td>\nEquifax CompleteTM<\/sup> Superior<\/td>\nEquifax CompleteTM<\/sup> Friends Family<\/td>\n<\/tr>\n<\/thead>\n
    Cost<\/td>\n$24.95 \/ month<\/td>\n$34.95 \/ month<\/td>\n<\/tr>\n
    Identity theft assistance\/restoration<\/td>\nYes<\/td>\nYes<\/td>\n<\/tr>\n
    Identity theft insurance<\/td>\nUp to $1 million<\/td>\nUp to $1 million<\/td>\n<\/tr>\n
    Lost wallet assistance<\/td>\nYes<\/td>\nYes<\/td>\n<\/tr>\n
    Equifax credit file alerts<\/td>\nYes<\/td>\nYes<\/td>\n<\/tr>\n
    Equifax credit score alerts<\/td>\nYes<\/td>\nYes<\/td>\n<\/tr>\n
    Web scanning<\/td>\nYes<\/td>\nYes<\/td>\n<\/tr>\n
    Up-to-date Equifax Credit Report<\/td>\nDaily<\/td>\nDaily<\/td>\n<\/tr>\n
    Up-to-date Equifax credit score<\/td>\nDaily<\/td>\nDaily<\/td>\n<\/tr>\n
    Equifax credit score evolution<\/td>\nYes<\/td>\nYes<\/td>\n<\/tr>\n
    Credit file lock (Quebec only)<\/td>\nYes<\/td>\nYes<\/td>\n<\/tr>\n
    Adding a second adult<\/td>\nNo<\/td>\nYes<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    *For residents of Quebec, this feature is not available for new product purchases.<\/p>\n

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    To learn more about Equifax<\/a> products, visit this page: “Comparison of credit monitoring options<\/a>” (Equifax Canada)<\/p>\n

    The Equifax CompleteTM<\/sup> Premier product is designed, among other things, to help protect individuals against identity theft.<\/p>\n

    If your identity has been stolen, Equifax CompleteTM<\/sup> Premier can help you restore it.<\/p>\n

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    The credit score<\/strong>, also called credit score, is a number between 300 and 900 designed to represent your credit risk<\/strong>. It is consulted by lenders and creditors to help them decide whether or not to grant you a loan. Examples include mortgage<\/a>, car loan, credit card<\/a>, line of credit, or cell phone plan.<\/p>\n

    There are several rating models, but here are the factors taken into consideration:<\/p>\n