The Equifax Credit Reporting Agency

The Equifax Credit Reporting Agency

Equifax is one of the oldest consumer credit reporting agency having started business in the year 1899. Being oldest in consumer reporting business helped Equifax to expand globally and take a big chunk of share in consumer reporting business. Just to understand "Credit reporting and Credit scoring" is a well established model by credit bureaus to award credit score to consumers based on their creditworthiness. Equifax also uses same credit reporting and credit score model for evaluating consumer files and their creditworthiness to award credit score. This evaluation and scaling consumers based on their creditworthiness and ranking them by credit score helps lenders and creditors in reducing risk of credit investment and in turn  improves credit economy by reducing bad loans.

The credit report provides historical information on a consumers  such as bill payment history, current loans, available credit and any negative remarks on consumer file etc. The report also provides on person's profession, where he works, past residence or any public records.

There are three consumer reporting agencies (CRA) in America constantly monitoring consumer actions and documenting on them consumer files. The business goal of CRA is to document consumer information and then sell it to lenders or creditors for lending money to customers. They also sell information to employers and other business which require a insight to consumers  credit file before making a decision. However in this blog post I am only going to list informative facts and details about the Equifax credit agency

About Equifax Credit Bureau

The Equifax is a global leader in providing credit information on consumers to business, and lenders. The research and analytical model of Equifax provides in-depth insights into consumer files and risk analysis on business helps consumers and business alike. The solutions are delivered through  Equifax proprietary knowledge base on more than 600 million consumers and providing tailor-made credit information to lenders and creditors.

helps Equifax to manage credit information about consumers, then analyze, verify, and score each consumer on creditworthiness scale. There work on consumer files help business across globe in building sound economies and lowering the financial risks. The Equifax core competence is two fold. Helping Business to manage their risks and customer relationship. Helping customers to understand and manage credit.

Equifax is well established globally and at many places it holds the diction of being first and second place in consumer credit reporting business. Today businesses from all industry verticals use Equifax Credit research information to minimize the risky investments and benefit form it by improving credit business.

Equifax Company Facts Company history, business practice and leadership involved

Type Description
Origin (Founded)  Year  1899
Industry  Consumer Information Management, Credit Risk Assessment
Company status   Public
Address  Equifax Credit Information Services, Inc
  P.O. Box 740241
  Atlanta, GA 30374
Phone   Call 1-888-202-4025
Opt out service  Call 1-888-567-8688
Product & Services  Information service, Consumer services , Business and Government  
  • Mr. Richard F. Smith  (Chairman & CEO)
  • Mr. John W. Gamble Jr (CFO)
  • Mr. Andy S. Bodea (COO)
Newsroom   Latest Press releases
Investor Relationships   Investor Connection ...
Credit Reports Equifax Credit Report link

Over the years Equifax has perfected Credit Risk Assessment business and moved from primary consumer reporting business to business risk undertaking to helping government on mitigating waste, fraud and risks.

Today Equifax has made its position in Credit risk and monitoring by meticulously researching and redefining credit risk models helping consumers, lenders and creditors.  The current business structure is divided into three categories Such as "Personal solution", "Business solution" and "Government solutions".
  • Personal Services
    • Credit Monitoring & ID Theft
    • Credit Reports and Credit Score
    • FICO products

  • Business Services
    • Credit Information
    • Collection & recovery - Auto
    • Fraud & Risk solutions
    • Service Activation Services
    • Marketing & communication
    • Analytical Services
  • Government Solutions
    • Consumer Information
    • Patient Identity Proofing and Record Matching
    • Social Service Programs
    • Tax Management Services
    • Compliance Center

Read more on Equifax Company and line of business. All About Equifax.

Consumers also visit Equifax to check on their credit reports. Either they need credit report for their understanding, or fixing errors on credit report. Going through credit report helps consumers to understand what factors increase or decrease the chances of being attractive to lenders for any kind of credit request. Learn more on credit report and how to get one from Equifax. All About Equifax Credit Reporting Agency

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