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Why are the scores i'm viewing on Loop different then the ones available when seeking financing?

There are many different credit score models available today. Learn More
By 
Johan Oh
Last updated: 
August 26, 2019

There are different credit score models available today. For example, there are industry-specific scores, scores primarily used for education purposes, as well, scores models that may be based on specific lending criteria. The score provided by Loop is intended for educational purposes but is also commonly used, in combination with other information, to assess your eligibility for credit products and services.

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1) The Equifax Risk Score is based on Equifax's proprietary model and may not be the same score used by third parties to assess your creditworthiness. The provision of this score to you is intended for your own educational use. Third parties will take into consideration other information in addition to a credit score when evaluating your creditworthiness.

Equifax Canada Co. ("Equifax") is a registered Canadian credit bureau that maintains your Canadian consumer credit file, which has been used by Loop Financial Inc. as permitted by you, to provide you with your educational Equifax credit score. The Equifax credit score provided here is current as of the date indicated by Loop Financial Inc.
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Equifax® is a registered trade-mark of Equifax Canada Co. used under license.
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