What Services Does Equafax Canada Provide?


Quick Answer

Equifax Canada provides credit bureau reports for individuals and businesses. The agency is one of two major credit-reporting services in Canada, according to Canada's Office of Consumer Affairs.

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Full Answer

Equifax Canada allows individuals to purchase monthly credit monitoring plans and detailed credit history reports. A complete credit report includes the Equifax Credit Score, a three-digit number on a scale between 300 and 900 that reflects the consumer's creditworthiness. Equifax also provides individuals with free copies of their credit reports by mail upon request, as described in a CBC News article, but these free reports do not include credit scores.

Equifax Canada also provides services for small, mid-sized, and large businesses. Business customers may purchase credit reports on individuals or other businesses, allowing them to assess the creditworthiness and risk of potential customers or business partners. Equifax Canada's commercial database includes credit information on businesses in the United States and Canada.

For businesses, Equifax Canada's offerings also include risk monitoring services that identify higher-risk accounts within a portfolio. Businesses may also subscribe to regional Commercial Law Record reports that describe commercial suits and judgments from courthouses across Canada. These reports include the identities of the defendants and plaintiffs involved in a commercial suit as well as information about the amount of money under dispute and the reason for the action.

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