Which of the following is true about credit bureaus in Canada?
A)There are two federally appointed credit bureaus in Canada.
B)It is impossible to have a better credit score at one bureau than the other.
C)Lenders may access your credit information without your permission.
D)Lenders may use more than one credit bureau for information.

Question

Quizplus · Accepted Answer

There are two major credit bureaus in Canada (Equifax and TransUnion), but there are other smaller ones as well. It is possible to have a better score at one bureau than the other due to differences in the types of credit information that each bureau collects. Lenders may only access your credit information with your permission, and they may choose to use more than one credit bureau to gather information.

Which of the Following Is True About Credit Bureaus in Canada