Equifax’s Consumer Credit File database comprises more than 24 million individual consumer reports. Our customers access this information more than 130,000 times daily. In total, 180 million trade lines, of which 110 million are updated monthly, make up this database.
Our consumer credit reports include information on personal loans, credit cards, personal lines of credit, mortgages, car loans, overdraft data, legal (judgments) data, public record items (bankruptcies, over past dues, credit counselling), chattel mortgage, bank accounts and collection data. We continually receive data from more than 600 consumer credit grantors reporting on more than 1,300 portfolios. We update this data monthly, within 48 hours of receipt from the credit grantors.
We use the information within the consumer credit reports to ascertain asset information and potential sources of income. Additional identifying data, including employment information, prior addresses, Social Insurance Number, AKAs, marital status, credit seeking inquiries and fraud alerts, is also contained within the consumer credit database.
Our consumer credit database is the most robust in Canada because we have 75% market share and therefore the majority of inquiries.
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