Personal Finance

Ratehub.ca also offers free Equifax credit scores

  • Last Updated:
  • Oct 30th, 2017 7:39 am
Newbie
Jul 14, 2016
26 posts
6 upvotes
QC
Curious to see if anyone else has a "slight" difference between this score and Equifax's one ? EQ is 677, Ratehub is 727 and TU is 787..

But finally, good to see a free credit score provider available in QC :)
Newbie
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Feb 24, 2011
5 posts
22 upvotes
Toronto
Hi @coolintheshade - sorry about that, we have corrected this issue as well. Thank you for bringing it to our attention.
RateHub.ca
Compares mortgage rates, credit cards, bank accounts and insurance for over 500K Canadians monthly
Jr. Member
Jan 21, 2015
102 posts
84 upvotes
Montreal, QC
Got my credit score for free, thanks for the tip : 841 ! Reliable site for getting credit scores, seriously ? :p
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Jul 22, 2015
6184 posts
4811 upvotes
Saint-Hubert, QC
Will the score update every x number of time, or is this a one time deal?
Only free service in QC.
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Member
Oct 12, 2005
483 posts
294 upvotes
Toronto
looks like they stopped using canwise and now redirect to borrowell.
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Deal Addict
Jul 24, 2011
1100 posts
236 upvotes
any way to get around the error "cannot verify your Identity" creditkarma worked fine.
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User avatar
Mar 9, 2012
815 posts
430 upvotes
Drummondville, QC
I'm in QC and it didn't work.

" We were unable to verify your identity.
At this time your credit file cannot be processed."
Current credit card set up:
CIBC Dividend Visa Infinite: 4% groceries, 4% gas, 2% transit, 2% restaurants, 2% recurring bills
Tangerine MC World: 2% drugstore, 2% home improvement, 2% hotel-motel
Deal Addict
Oct 4, 2006
3638 posts
3017 upvotes
Toronto
Don't know if this is a coincidence, but after doing this free credit check, I've received three or four voice and text ads/spam messages on my phone.
Just be aware, they may be selling your phone number for this 'free' service.
Newbie
Nov 28, 2016
2 posts
Hugo45 wrote: Curious to see if anyone else has a "slight" difference between this score and Equifax's one ? EQ is 677, Ratehub is 727 and TU is 787..

But finally, good to see a free credit score provider available in QC :)
I just experienced the same thing!

Ratehub: 701
Equifax: 835
TU: 786
Deal Guru
User avatar
Aug 8, 2012
10198 posts
4028 upvotes
BC
Hugo45 wrote: Curious to see if anyone else has a "slight" difference between this score and Equifax's one ? EQ is 677, Ratehub is 727 and TU is 787..

But finally, good to see a free credit score provider available in QC :)
rabblefish wrote: I just experienced the same thing!

Ratehub: 701
Equifax: 835
TU: 786
Read up on the Borrowell and Mogo threads as well ask the credit scores thread ...

The scores provided directly to consumers by EQ or TU are "educational" and not the same scoring model provided by Ratehub, Borrowell, Mogo, CreditKarma ...
(which are also not necessarily the same score model bought by the company evaluating you as a credit risk for a credit card/mortgage or rental/job application etc...)

Each credit bureau has a bunch of score models available for sale. Your score from the same bureau with different models will very likely be different.

It's like different weather forecast models used by different websites/weather channels.

One might say 80% chance of rain. Another 70% chance. Both for your same city. Which one is "right"?
POLL: How frequent is your RRSP-matching?
Plastiq: Pay any bill with credit card for 0-2.5% fee (help meet min spending and keep old cards active!)
Rewards program transfer times (e.g. SPG->Aeroplan, Marriott->SPG, Amex MR->SPG...)
Newbie
Nov 28, 2016
2 posts
Ah, thanks for clarifying that! :)

So basically each bureau interprets the same data differently.
Deal Guru
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Aug 8, 2012
10198 posts
4028 upvotes
BC
rabblefish wrote: Ah, thanks for clarifying that! :)

So basically each bureau interprets the same data differently.
Yes, and more :)

Each bureau can can interpret the same data differently, OR
each bureau can interpret different data the same, OR
one bureau can interpret the same data 5 different ways and sell different scores to different people for different purposes.

Different score models give different scores for the same data.
Different score models may also include/exclude different subsets of data (phone bills, mortgage, loans, credit cards).
Different bureaus may have slightly different data (from hard inquiries done only to one bureau or the other, or because one (TU) seems to retain older card data for much longer).
POLL: How frequent is your RRSP-matching?
Plastiq: Pay any bill with credit card for 0-2.5% fee (help meet min spending and keep old cards active!)
Rewards program transfer times (e.g. SPG->Aeroplan, Marriott->SPG, Amex MR->SPG...)
Newbie
Dec 1, 2016
37 posts
9 upvotes
noone has still answered whether the score from RateHub is updated periodically, or is it a one time soft pull?
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Aug 4, 2003
3009 posts
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Masik69 wrote: noone has still answered whether the score from RateHub is updated periodically, or is it a one time soft pull?
RateHub is one time only.
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Sep 24, 2013
1071 posts
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Ontario
I made a overpayment on my CTFS credit card which now has a credit balance. Ratehub is showing my CTFS card balance as $NaN.00 and now total revolving balance as $NaN.00 . Has anyone seen this before? My utilization has gone up 3℅ too
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Dec 12, 2006
4360 posts
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Messed Up Area
buddshek wrote: I made a overpayment on my CTFS credit card which now has a credit balance. Ratehub is showing my CTFS card balance as $NaN.00 and now total revolving balance as $NaN.00 . Has anyone seen this before? My utilization has gone up 3℅ too
I have that on mine to.

I am assuming there layout and data fields are not permitting a negative value ( AKA over payment ) so shows a defaulted $NaN.00

*** After little research, $NaN.00 is a error of Not a Number in some coding. So would mean I am assuming the fields data type is not declared properly to accept a negative value, thus throwing out an error.

It should not affect credit utilization. Is there a balance on other credit cards showing as well?
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Sep 24, 2013
1071 posts
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Ontario
theguyz wrote: I have that on mine to.

I am assuming there layout and data fields are not permitting a negative value ( AKA over payment ) so shows a defaulted $NaN.00

*** After little research, $NaN.00 is a error of Not a Number in some coding. So would mean I am assuming the fields data type is not declared properly to accept a negative value, thus throwing out an error.

It should not affect credit utilization. Is there a balance on other credit cards showing as well?
All my other 4 cards have balances. The same totals before and after Canadian Tire posted theirs.
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Dec 12, 2006
4360 posts
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Messed Up Area
buddshek wrote: All my other 4 cards have balances. The same totals before and after Canadian Tire posted theirs.
This could mean there calculation ( its free ), may take the absolute value of the number for utilization, without factoring in balance of zero in reality as overpayments do not signify increased credit limits.

So for example, you have 3 CC's and credit is 100 on each and balance on CC1 = 50, CC2 = 25, cc3= -25. So in realworld you utilization would be 75/300 = 25%. If there calculation is using absolute would mean there utilization would be 100/300 = 33%

This is how there model maybe handling credit reports.......does not mean other lenders see it this way. AS they can use different models.

My utilization went down, buy I had paid significant balances so could not see compare as not same balances.
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Sep 24, 2013
1071 posts
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Ontario
theguyz wrote: This could mean there calculation ( its free ), may take the absolute value of the number for utilization, without factoring in balance of zero in reality as overpayments do not signify increased credit limits.

So for example, you have 3 CC's and credit is 100 on each and balance on CC1 = 50, CC2 = 25, cc3= -25. So in realworld you utilization would be 75/300 = 25%. If there calculation is using absolute would mean there utilization would be 100/300 = 33%

This is how there model maybe handling credit reports.......does not mean other lenders see it this way. AS they can use different models.

My utilization went down, buy I had paid significant balances so could not see compare as not same balances.
That's probably how they calculated the utilization. Thanks

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