Is TransUnion more important than Equifax?
It's important to know that while each credit agency, or bureau, creates its own proprietary report, no single agency is more important than another. You may already be familiar with the three big consumer credit bureaus — Equifax, Experian and TransUnion.
Do Canadian banks use Equifax or TransUnion?
The two primary credit bureaus in Canada, Equifax and TransUnion, provide your financial information to lenders and other creditors, either at your request or at the lender's request (with your approval, usually when you are seeking credit).
What's the difference between TransUnion and Equifax Canada?
The biggest difference between your TransUnion and Equifax credit score is that the TransUnion credit score reports your employment history and personal information. The other two credit reporting agencies or credit bureaus report only the name of your employer.
Which of the 3 credit report is most accurate?
Although Experian is the largest credit bureau in the U.S., TransUnion and Equifax are widely considered to be just as accurate and important. When it comes to credit scores, however, there is a clear winner: FICO® Score is used in 90% of lending decisions.