It is estimated that more than three million people aged 18-plus in Canada are “credit invisible,” according to Equifax, one of the largest consumer credit reporting agencies.
Being credit invisible means these individuals either do not have a credit file or the credit information on file is insufficient to generate credit scores, which can make life challenging. An additional seven million may have two or less credit accounts on their credit file, which is considered limited credit history—a “thin” credit file, according to Equifax. [Read more…] about Rent Reporting Platforms a Game-Changer for Tenants in Canada, Equifax Data Shows
