How are CREDIT SCORES Calculated? / Equifax / TransUnion / Credit Score / Credit Report / CREDIT
Updated: Apr 23, 2019
Credit Bureaus are the companies that collect and compile information regarding your credit history. As a result, they are the keepers of your Credit Score and your Credit Report. In Canada we have Equifax and TransUnion. Credit Bureaus are sometimes referred to as a consumer credit reporting agency. Although Credit Bureaus use algorithms we do know the amount of wait they place on different type of factors in determining what your credit score is.
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