We all recognize the importance of achieving a strong credit report.  

In the mortgage world many Lender's evaluation systems require a beacon score over 680 for a customer to qualify for best terms and conditions.

As licensed Mortgage Agents we often find ourselves in the position to counsel the public on credit repair.

Many of us suggest to our clients to sign up for the Equifax credit monitoring system to help change poor repayment habits into good ones.   The only way the public can accurately gauge how they are performing and if they qualify for important loans such as a mortgage is to see when they have achieved their goal.  As Equifax puts it, "KNOW YOUR CREDIT.  MANAGE YOUR FUTURE".

The Equifax "credit risk rating" or FICO score is not representative of what the majority of Lenders are using to qualify the public for loans in Canada yet this is the only score available to clients within a paid membership.

For this reason we respectfully request Equifax provide an alternate or additional option to the existing paid membership which includes the Equifax "credit risk rating" to also include a persons' "beacon score".