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Blog by Linda M Linfoot

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Equifax Credit Score vs. Beacon

Equifax Credit Score vs. Beacon

Did you know that the Equifax Credit Score that consumers purchase via www.equifax.ca is not the 'Beacon' score?  Have you ever run into a situation where you went to Equifax.ca to pull your own score and used that as a basis for qualifying?  Well it is important to note that the Equifax Credit Score is NOT the beacon score.  This can be a little misleading as many assume that the Equifax Credit Score is the same as Beacon.  It is not!

Equifax has confirmed that they are moving away from FICO (Beacon) scoring to using their own system.  So until the lenders and insurers make that move there may be discrepancies.

BEWARE!