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If you have information that contradicts what multiple banks have told me I would love to know it, since it would be very nice to have that information availabl
by dghlsakjg 3y ago
If you have information that contradicts what multiple banks have told me I would love to know it, since it would be very nice to have that information available to my Canadian bankers.
In the 3 banks I've worked with in Canada, all were completely unable to access my American credit history.
The governments do share tax data, but AFAIK the banks have no way to link "John Smith SSN:123-45-6789" to "John Smith SIN:098-76-54321". They even have my US SSN number since Canadian banks report to the IRS.
Edit: here's experian explaining it: https://www.experian.com/blogs/ask-experian/u-s-credit-history-will-not-transfer-to-canada/ https://www.experian.com/blogs/ask-experian/u-s-credit-histo...
- joshuabaker2 3y agoYes this is accurate. I work at a lender that operated in both Canada and the US and the credit bureau integrations were with totally different companies and had different APIs (even for Equifax on both sides of the border)
- VK538FY 3y agoIt's been a while but I don't even think that a credit score in Canada is comparable to a credit score in the US. Sure, an Equifax terminal in either country spits out a number in the same range but the formula and calculation are probably different, with different legal frameworks regarding the information contained therein.