Why does Equifax have my data?

It doesn’t matter whether or not you ever signed up personally to Equifax: As a Canadian with access to credit, Equifax would have collected your information from banks and other lenders. Equifax gives you a credit score based on this information, which lenders and other companies use to assess whether or not to lend you money or allow you to open a new account (such as a new cellular account). So it’s better to know what your score is.