Comparing the consumer accessible credit scores
Not that much has been said about the various scores consumers can obtain for their personal credit profiles. There has been mention and questions about how these scores relate. The purpose of this thread is to collect enough data points that might help us as a group to determine if there are any trends etc.
I'll group the consumer score sources in 3 groups. The credit bureaus, scores through the banks, scores through 3rd parties. Followed by the scoring models used and the update frequency in brackets. If you are able to obtain a report through the source, it is indicated by a +Report. Followed by Alerts if you are notified of changes or inquiries.
Credit Bureaus - purchased or free as a result of breaches
Equifax - ERS 1.0 (daily - midnight refresh) +Report
Equifax - ??? - free monthly score & report -(covid promo?)
TransUnion - Trans Risk TU 1.0 (daily - 24 hr refresh) +Report
TransUnion MyTrueIdentity** - TransUnion CreditVision Risk Score (Daily) + Report and Alerts
Banks - scores available through either apps or online banking
BMO (Montreal) - TransUnion CreditVision Risk Score (Monthly) +Report
BNS (Scotia) - TransUnion CreditVision Risk Score (Monthly) +Report Alerts via online & email / online
CapitalOne - TransUnion CreditVision Risk Score (Weekly) +Report
CIBC - Equifax ERS 2.0 (Quarterly) +(Report not available) Alerts via SMS / email / App / Online messages
Motusbank - Equifax ERS 2.0 (with rate quote only)
RBC (Royal) - TransUnion CreditVision Risk Score (Monthly) +Report
Third Parties -
Borrowell* - Equifax ERS 2.0 (Monthly*) +Printable Report
CreditKarma - TransUnion CreditVision Risk Score (Weekly) +Report
Mogo - Equifax ERS 2.0 (monthly)
ratehub.ca - Equifax ERS 2.0 (Continual pulls, unknown updates)
verified.me - Equifax ERS 2.0 (30 days or new application)
* For some people, Borrowell started updating scores weekly - see posts 56 & 59. Post 128 indicates weekly for everyone as of October 2020.
**TransUnion MyTrueIdentity - free as a result of breaches
I'll try to update the list, editing changes as time goes on for a while. Or feel free to use the thread summary.
Let's see what comes up as people start posting their scores or differences. Please don't try to make this a score envy thing.
Aug 17, 2109
changed "Creditview" to "CreditVision Risk Score"
changed to Mogo to Equifax ERS 2.0
added verified.me/ratehub.ca - ERS 2.0
started adding update frequencies as they become known
Aug 18, 2019
Added report availability as suggested by @DaveProductions
Aug 30, 2019
Added TU & EQ refresh times as suggested by @hopetindall
Sept 7, 2019 added MyTrueIdentity & changes thanks to @mkl38s
Oct 20, 2019 added a chart giving a graphic visualization of the score ranges across all 4 sources
Dec 08, 2019 added BMO based on this thread free-credit-score-w-bmo-transunion-credit-view-2337991/ by @michaelr16
Dec 21, 2019 renamed MyTrueIdentity to TransUnion MyTrueIdentity and moved it from Third Parties to Credit Bureaus.
Changed Borrowell +Report to +Printable Report after @Gtaphotog posted new features of being able to download & print your report.
Aug 10, 2020 Some of the providers are announcing temporary service interruptions / changes:
Ratehub - credit-scores-approved-denied-credit-ca ... #p32948316
TU Crediview via Scotia - credit-scores-approved-denied-credit-ca ... #p32948807
Thought I read something about Borrowell / CIBC but can't find the thread at posting.
Feb 8, 2021 Added Equifax free monthly score + report thanks to this post by @flyjazz