Contributing Business Data to Equifax

Become an Equifax Business Data Contributor

Your data is your most prized possession, and we understand. By contributing your business data to Equifax Canada for inclusion in our industry-leading business credit files, you are helping create a more informed credit ecosystem that fosters a strong business environment that in turn benefits your business and your customers.

Reduce the potential for overextending credit
If other creditors are making lending decisions on your customers, the presence of your data on their credit report will ensure the lenders get a more accurate assessment of your customer’s current credit obligations and payment behaviour.
Advance your reputation
By contributing your business data to Equifax Canada, a trusted, industry-leading credit reporting agency, you are providing added value and support to your customers and the broader credit-granting community.
Let’s do this, together
If you’re ready to take the next step, we have a dedicated team to help you every step of the way. Just complete the contact form on this page and our team will answer any questions you may have about the data contribution process. 

We're excited to learn more about your business and data. We take data quality and integrity very seriously.

Credit Reporting Agencies manage hundreds of varied data assets. In order to determine if your data is suitable to be included in the Commercial Credit Report, there are multiple factors considered. 

Some examples are:

  • Does the tradeline or loan represent an extension of credit?
  • To what degree does the tradeline or obligation reflect the actual risk taken by the creditor or other entity?
  • Does the  contributor have the appropriate incentives in place to ensure the accuracy of the data reported?
  • Is the data understood, and can it be interpreted with consistency by users of the credit reporting ecosystem?

Requirements for Reporting Commercial Data

All new Equifax data contributors are required to comply with certain basic requirements: 
  • Contributors that report data or tradelines on themselves are NOT accepted by Equifax Canada
  • Contributors that report “pay for tradelines” are NOT accepted by Equifax Canada
  • For financial institutions, data must be provided in either the standard commercial layout template (highly encouraged) or in the Metro 2® Format (Packed or Character Format)
  • For non-financial contributors, data must be provided in the standard commercial layout template or the Metro 2® Format 
  • Data must be transmitted electronically using Equifax’s secured transmission methods
  • The entire file should be reported (e.g., all current, delinquent, collections, charged-off accounts) for all portfolios and Data Contributors must report their full file on a consistent frequency either daily, weekly or monthly (preferred)

Data must be in accordance with current Equifax reporting guidelines

  • Contributors must be assigned an Equifax Member Number to confirm the data contributor has successfully passed the Equifax credentialing process
  • DATA CONTRIBUTION MINIMUMS for Tradeline is 20 records

Become an Equifax Canada Data Contributor 

Contribute business data for better decision making — contact us via the form!  
Contact an Equifax Sales Representative today at 1-855-233-9226