Definition
TransUnion Canada is the Canadian subsidiary of TransUnion LLC (Chicago). Its proprietary Canadian score is called CreditVision (formerly TransUnion Score).
Differences from Equifax: - Both bureaus receive reports from the same major lenders, but a lender may only report to one of the two — some information is therefore exclusive to one bureau - Score calculation algorithms differ slightly — the same borrower may have a score of 710 at Equifax and 690 at TransUnion - Retention duration of certain information may vary (1-2 days) per policies
Which bureau lenders consult: - Most major Canadian banks and mono-line lenders consult Equifax first - Some B-lenders consult both - TD Bank is known to consult primarily TransUnion in Canada
Practical recommendation: check both files before a mortgage application to identify discrepancies or errors.