Equifax Canada continues to support consumers, launches COVID + Credit Resource Centre
June 03 2020 - 6:00AM
Equifax Canada has created a COVID + Credit Resource Centre to help
consumers better understand how the pandemic may be impacting their
finances and credit. The Centre provides insights on managing
finances and steps to mitigate any negative impact on their credit
during these difficult times. Consumers concerned about deferred
payments and the potential impact on their credit scores will also
be able to find guidance and helpful information.
Specifically, consumers concerned about deferred
payments and their credit standing can refer to these resource
articles:
- Deferred payments and your credit report
- COVID + credit: your questions answered
- How to spot deferred payments on your credit report
- What factors impact my credit scores?
- What information is in a credit report?
- What is a consumer statement and should I have one?
“We recognize that the pandemic has led to widespread
uncertainty for millions of Canadians, leaving them struggling to
keep up with their bills and overwhelmed by financial decisions,”
said Carrie Russell, President of Equifax Canada. “We are committed
to helping all Canadians build credit confidence, no matter their
circumstances. Our resources help provide answers for the people
who need them."
“To ensure information is being accurately reported, it's
important for consumers to check their credit reports regularly -
especially after a deferred payment agreement has been reached with
their lenders.”
Equifax Canada recognizes the hardships people are facing and
continues to work with industry stakeholders to define data
reporting specifications, which strive to achieve these key
objectives:
- Helping to minimize negative impacts of deferred payment
programs on borrowers’ (consumer and business)
creditworthiness
- Offering support to data furnishers who may have a limited
ability to report account deferral data in accordance with the
existing reporting specifications for standard reporting of
deferrals
- Fair and accurate credit reporting practices in accordance with
regulatory requirements
- Consistent data reporting and processing by both Equifax and
TransUnion
Credit bureaus use different sources for collecting information,
and not all third parties report to both credit bureaus. This means
that the credit reports belonging to a consumer may contain
different information. It is important to regularly check credit
reports to help better understand your current credit position and
detect any inaccurate or incomplete information. Consumers
can currently obtain their free Equifax Canada credit report
instantly via the company’s website:
https://www.consumer.equifax.ca/personal/products/credit-report/.
About EquifaxEquifax is a global information
solutions company that uses unique data, innovative analytics,
technology and industry expertise to power organizations and
individuals around the world by transforming knowledge into
insights that help make more informed business and personal
decisions. Headquartered in Atlanta, Ga., Equifax operates or has
investments in 24 countries in North America, Central and South
America, Europe and the Asia Pacific region. It is a member of
Standard & Poor's (S&P) 500® Index, and its common stock is
traded on the New York Stock Exchange (NYSE) under the symbol EFX.
Equifax employs approximately 11,000 employees worldwide. For more
information, visit Equifax.ca and follow the company’s news on
LinkedIn.
Media Contacts:
Andrew FindlaterSELECT Public
Relationsafindlater@selectpr.ca(416) 659-1197 |
Tom CarrollEquifax CanadaMediaRelationsCanada@equifax.com (416)
227-5290 |
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