Do you like to have a free credit report from Equifax? It is a common knowledge that Equifax is one among the three major credit reporting agencies in the United States along with Experian and TransUnion. Equifax is also considered as one of the oldest companies in the sates because it was founded in 1899. Its main office is in Atlanta, Georgia and it also has some offices on 14 countries worldwide. It also has more than 7,000 employees who are conducting some researches on over 400 million credit holders.
Equifax was first built as Retail Credit Company and this had begun to build offices over North America in 1920. What is so amazing is that the Retail Credit Company is also known as one of the companies which have something to do with future congressional hearings regarding the fair credit reporting. In the beginning, this company is very popular for selling personal information on different consumers which came from a variety of sources. The said personal informations are alarming because they are already beyond the financial debt that is why lawmakers and consumers become so worried about it. Now that computers are already here, the federal government has made a decision to take some actions against the personal informations that RCC has been giving away. The Fair US Credit Reporting Act is the one that provides additional rights to the consumers. In 1975, just before the controversial incidents, RCC change its name to Equifax.
Right now, Equifax may not have the all-encompassing search services that they used in the beginning but then the company is still included in the list of the companies which are said to be very powerful in the field of investigative services and financial reporting. A credit report that is given away for free can provide information like the borrower’s name and address, some employment information, analytics, demographic data, and most importantly their financial history.
Retailers’ stores, insurance companies, healthcare providers, utility companies, government agencies, and banks are the ones where Equifax markets its services. The said companies are also known as creditors can use the informations that will be provided by Equifax when they are deciding whether they will lend a new costumer or not. Lately, Equifax also focus on some consumer-oriented products like the Equifax Credit Watch, Credit Lock, and the personal credit report which are given free by them.
You have a choice of just asking foe a report from the Equifax or just ask for a tri-merge report which will be given by the three major bureaus. There is a great advantage in getting the tri-merge report that just asking for a single report because you will be able to get more information in this. You must do something to protect your name and you must always check if your name is already used on some fraudulent activities. You can do this if you will get in touch with Equifax.
About the Author: Oli Bocks is a writer specializes in writing articles focusing on financial services. He is usually the author of topics like
faxless payday loans,
ChexSystems removal and
prepaid debit cards.
