What You Should Know about Equifax

January 5th, 2018 | Author:

[E]quifax is one of the three major credit reporting agencies which provides information used on your credit report. It has a credit score which will impact your ability to get approved for new credit. All of these agencies aren’t the same, so here is some information you should know about Equifax.

Equifax is headquartered out of Atlanta, Georgia. It has been around since 1899. Many lenders use Equifax to determine creditworthiness for customers. This agency provides a report directly to consumers today. You can go to the company’s website and request a copy for a price. You can even pay a little more to get the credit score which accompanies the report. There are several products offered, which is ideal for people who are serious about improving their credit or monitoring it.

What Makes Equifax Different?

In many ways, Equifax is similar to the other two agencies. However, some creditors report only to Equifax, so it may contain information not found with Experian or TransUnion. It is also the agency more creditors turn to if they want to view your credit history.

It’s important to review your credit report from Equifax before you make any large purchases or apply for credit. If you find errors on your report, you can contact Equifax directly to have them removed. If you can provide proof of the errors, they can get fixed immediately. Otherwise, the agency will have to start an investigation. Most errors are fixed within 30 days.

Each credit report is unique and look different. It can take a bit for you to understand how the accounts are set up and how to read the information. While all three agencies report basically the same thing, it can look confusing when you compare one to the other. You’ll see your outstanding balance, date of last payment and other information which accompanies each account. Just make sure everything is accurate so creditors get the correct picture of your credit history.

Newest Answers

Get a Better Credit Score in 2017

January 22nd, 2018 | Author:
h

[I]f you have a goal to improve your credit score for the new year, you need to set up steps to help you achieve this goal. For many, they read all kinds of information about how to get a good credit score, and it can be overwhelming. Sometimes, it can sound so easy but not […]

Continue Reading »

Why You Need to Check All Three Credit Reports

January 19th, 2018 | Author:
h

[T]here are three major credit reporting agencies: Experian, Equifax and TransUnion. All of them provide a credit report which lists your personal information and credit accounts. You can get one report for free each year or purchase extra reports through the agency sites. Many people just get one credit report, but you really should get […]

Continue Reading »

What is the Right Amount for a Credit Limit?

January 18th, 2018 | Author:
h

[A]s you get credit cards, you will notice they give you a credit limit. This is the maximum amount you can spend on the card without paying some of it off first. Credit card companies often increase your credit limit as you prove responsible handling the amount you have. You may wonder if more credit […]

Continue Reading »

Buying a Car with Bad Credit

January 12th, 2018 | Author:
h

[I]f you have bad credit, it can be difficult to qualify for a car loan. However, it’s not impossible. Before you go out and apply for money to purchase a vehicle, there are some things you should know. Check Your Credit Before you fill out any applications for car loans, you need to take a […]

Continue Reading »

What Does No Credit Mean?

January 10th, 2018 | Author:
h

[M]any people hear that they have bad credit, which means they haven’t always been responsible with their credit accounts. However, it is another situation entirely when a person is told they have no credit. You may wonder how that’s possible and what it really means for your future. No Credit Doesn’t Mean Never Any Credit […]

Continue Reading »

What You Need to Know about TransUnion

January 8th, 2018 | Author:
h

[T]ransUnion is one of the three credit bureaus which stores information about consumers and their credit history. It provides this information to creditors and to consumers. TransUnion was founded in 1968, and it now has more than 200 offices through the US and the world. How TransUnion is Different TransUnion is similar to the other […]

Continue Reading »

What You Should Know about Equifax

January 5th, 2018 | Author:
h

[E]quifax is one of the three major credit reporting agencies which provides information used on your credit report. It has a credit score which will impact your ability to get approved for new credit. All of these agencies aren’t the same, so here is some information you should know about Equifax. Equifax is headquartered out […]

Continue Reading »