Equifax, Transunion and Northern Credit Bureau (NCB)
Equifax Symbols?
Consumer File Alert: info. on inquiry doesn't match file or is invalid.
Safescan Warning: Fraud alert message warns you of potential application fraud.
INQS: Alert appears if 3 or more inquiries within past 90 days
#INQS: since file established
ES: Employment Subject
EF: Employment Former
E2: Employment Second Former
EC: Employment Spouse (except in QC)
What is a bankruptcy?
A legally declared inability of an individual/organization to pay their creditors. Kept on Equifax file for 6 years, Transunion 7 years.
What is a 3rd Party Collection?
A debt that a creditor is unable to collect, kept 6 years on file.
What is a secured loan?
A loan in which a Borrower pledged an asset such as a car that may be sold if the Borrower is unable to repay the loan. A chattel mortgage, registered loan or lien.
Judgments?
A final court ruling resolving the key questions in a lawsuit.
Consumer Statement Section:
Statement the consumer or subject added to the file to explain discrepancies or other comments.