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Old 07-16-2009, 07:50 AM
 
57 posts, read 667,539 times
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A couple simple questions for Canadians:

1- Are 'Credit Bureaus' used in Canada?
Do employers, landlords, creditors etc.. run credit history reports from these 3 bureaus that are used in the US: Experian, Equifax and TransUnion?

2- How much weight is put into these.. Is your credit 'score' in Canada as important as it is in the US?

Thanks!!
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Old 07-16-2009, 09:06 AM
 
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1) Canada has two of those three.
2) definitely yes.
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Old 07-16-2009, 10:13 AM
 
Location: Hougary, Texberta
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The only rub being that they don't share info across the border. So if you have sparkling credit, congrats, you start at zero with no history.
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Old 07-16-2009, 10:20 AM
 
57 posts, read 667,539 times
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Quote:
Originally Posted by mikeyyc View Post
The only rub being that they don't share info across the border. So if you have sparkling credit, congrats, you start at zero with no history.
That is interesting. Canadian credit reports do not show US Credit history! hm?
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Old 07-16-2009, 01:15 PM
 
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Quote:
Originally Posted by ethanre View Post
That is interesting. Canadian credit reports do not show US Credit history! hm?
They don't automatically show as Canada is a different country. Why is that interesting? It is like if you call someone in Windsor from Detroit, it is an international phonecall even though that person is 10 miles away.
However, you may choose to transfer your credit history from US to Canada, or vise versa, if you want.
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Old 07-16-2009, 01:22 PM
 
57 posts, read 667,539 times
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Thanks
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Old 07-16-2009, 03:41 PM
 
Location: Hougary, Texberta
8,565 posts, read 11,065,012 times
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Quote:
Originally Posted by kkgg7 View Post
However, you may choose to transfer your credit history from US to Canada, or vise versa, if you want.
Not true.
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Old 07-16-2009, 08:43 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,248 posts, read 21,313,041 times
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Quote:
Originally Posted by ethanre View Post
That is interesting. Canadian credit reports do not show US Credit history! hm?
US credit reports use your Social Security number to index your report. Canada does not have Social Security numbers.
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Old 07-20-2009, 05:22 PM
 
409 posts, read 1,349,074 times
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Quote:
Originally Posted by ethanre View Post
A couple simple questions for Canadians:

1- Are 'Credit Bureaus' used in Canada?
Do employers, landlords, creditors etc.. run credit history reports from these 3 bureaus that are used in the US: Experian, Equifax and TransUnion?
It was my understanding that employers cannot run a credit check on potential employees. It may be similar to drug testing, which is generally not allowed unless the employer can fully explain why such a test (or credit check) may be necessary for the job.
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Old 07-21-2009, 07:37 AM
 
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Originally Posted by mikeyyc View Post
Not true.
A friend of mine recently moved to New York and was able to transfer his Canadian credit history and had his credit card application approved very soon.
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