How often is my credit report updated by Equifax Canada?

Equifax Canada updates credit reports on a monthly basis. This means that your credit information is refreshed and new data is added approximately every 30 days. However, it is important to note that not all lenders or creditors report to Equifax each month. Some may update your credit information more frequently, while others may report less frequently. Therefore, the timing of information appearing on your report may vary depending on when Equifax receives updates from the lenders. Additionally, it's essential for individuals to review their credit reports regularly to ensure accuracy and address any discrepancies promptly. Equifax Canada provides various tools and services to help consumers stay informed and monitor their credit health efficiently.