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Equifax Canada Unveils New Business Credit Report

Equifax Canada claims to have the largest commercial risk database – raising the industry standard for commercial credit information

As the owner of Canada’s largest commercial risk database, Equifax (NYSE: EFX) has raised the industry standard for innovation by launching a powerful information solution. The new Equifax Business Credit Report(TM) provides a comprehensive view of the credit history and payment performance of small firms and large businesses – a valuable tool for managing risk and acquiring profitable customers. With its user-friendly format, Canadian lenders and providers of commercial credit can quickly identify potential risky accounts, better assess the financial profile of applicants and make more informed credit decisions.

This latest report offers greater transparency into the financial health of business applicants by leveraging extensive information assets from trusted data suppliers, industry credit groups, collection agencies, courts and the Superintendent Office of Bankruptcy.  The report draws upon data from Equifax’s commercial credit database, which includes information on more than two million businesses.  Drawing upon this industry-leading data, lenders and other creditors gain the insight they need to evaluate a business’s financial competence and easily identify conflicting application data that could signal a red flag.

Source: Equifax Press Release

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