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How To Get a Free Equifax Credit Score and Report in Canada

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In this article, I will show you two ways to get your Equifax credit score for free!

Your credit score and report provide an assessment of your creditworthiness, and combined, they can impact your ability to apply for credit.

Equifax and TransUnion are the two main credit bureaus in Canada. These two companies use information from various financial institutions to compute your credit score.

The details of the data they receive from banks are compiled in what’s generally referred to as a credit report.

A $19.99 fee applies if you want to request your credit score and report combo from Equifax using its credit monitoring monthly subscription product.

Free Equifax Credit Score in Canada

How To Get a Free Equifax Credit Score

Equifax now provides your credit score free of charge. You can apply for it here.

You can also check your Equifax credit score by signing up for one of their monthly packages, including:

  • Equifax Complete Premier: $19.95 per month
  • Equifax Complete Friends and Family: $29.95 per month

So, how else can you get your free Equifax score? These two financial technology companies below offer them for free:

1. Borrowell

Borrowell was the first company in Canada to offer free credit scores. More than one million Canadians use their platform to monitor their credit and access other financial resources.

The credit score check is 100% free, and you get free weekly updates. Learn more about what they offer in this Borrowell review.

2. Loans Canada

This company offers access to your credit score (Equifax) on its website. You can also use the platform to compare loan rates at multiple lenders with no obligation to apply for a loan.

This Loans Canada review goes into greater detail about its service offerings.

What Makes a Good Credit Score?

A good to excellent credit score makes it easy for you to qualify for loans at a competitive interest rate.

Various credit bureaus use proprietary models to compute your score, leading to differences in your score from TransUnion and Equifax.

In Canada, you can rank your credit score as follows:

  • Poor credit score: 300-559
  • Fair credit score: 560-659
  • Good credit score: 660-724
  • Very good credit score: 725-759
  • Excellent credit score: 760-900

The main factors influencing your credit score include your payment history, credit utilization, length of credit history, number of recent inquiries, etc.

Learn more about how your credit score is calculated.

How To Get a Free Equifax Credit Report

You can request your free Equifax credit report alongside your credit score on their website.

Here are other ways to request it:

A. Reach them by phone at 1-800-465-7166. The automated phone service collects the information required, including personal details such as your name and Social Insurance Number (SIN).

Your credit report is then processed and mailed to you via Canada Post within 5-10 days.

B. Visit their website to download the Request Form. After completing the form, mail it to: National Consumer Relations, P.O. Box 190, Station Jean-Talon, Montreal, Quebec, H1S 2Z2.

You will need to attach copies of at least two government-issued IDs (e.g. Driver’s license and passport). You can also fax the documents to 514-355-8502. Your credit report is sent via postal mail within 5-10 days.

C. Request your credit report in person at one of four Equifax locations in Canada – Toronto, Montreal, Halifax, and Charlottetown.

Make sure to bring along at least one photo ID and proof of your address (e.g. bank statement or utility bill). The proof of address document must be less than 90 days old and should have been received by mail.

You can also request your free credit report from Borrowell.

What Goes into your Credit Report?

Your credit report is a snapshot of your credit activity over the years. It includes:

  • Your personal information
  • A list of your credit accounts, e.g. credit cards and loans
  • Public records and collections
  • Inquiries from lenders
  • Court judgements and liens

If you find errors on your credit report, you can dispute them.

Conclusion

Keeping tabs on your credit score and report can help improve your financial habits and alert you to fraudulent activity or identity theft quickly.

With a free credit check service, you can monitor your credit profile without paying $20 or more every month.

Get your free credit score.

Check out ClearScore for your TransUnion credit score.

ClearScore Free Credit Check

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Free TransUnion credit score

Apply online in 3 minutes

Also includes free access to your credit report and identity theft monitoring

Join over 19 million users

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Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

About Savvy New Canadians

Savvy New Canadians is one of Canada's top personal finance platforms. Millions of Canadians use our site each year to learn how to save for retirement, invest smartly, maximize rewards, and earn extra cash. We have been featured in prominent finance media, including Forbes, Globe and Mail, Business Insider, CBC, MSN, Wealthsimple, and TD Direct Investing. Learn more about Savvy New Canadians.

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