What is the purpose of Equifax?
Equifax is a credit reporting agency maintains that information on over 800 million consumers and more than 88 million businesses worldwide. Equifax collects and provides data through the NCTUE, an exchange of non credit data including consumer payment history on telco and utility accounts.Click to see full answer. Herein, what is Equifax used for?Equifax: An…
Equifax is a credit reporting agency maintains that information on over 800 million consumers and more than 88 million businesses worldwide. Equifax collects and provides data through the NCTUE, an exchange of non credit data including consumer payment history on telco and utility accounts.Click to see full answer. Herein, what is Equifax used for?Equifax: An Overview. Experian and Equifax are the two largest credit bureaus in the U.S. Both companies collect and research credit information of individuals and rate the overall ability to pay back a debt. Credit bureaus like Experian and Equifax provide the information they gather to creditors for a fee.Furthermore, what information does Equifax have? Your Equifax credit report contains four types of information: Identifying information. This includes personal information, such as your name, address, Social Security number, and date of birth. Credit accounts. Also asked, how does Equifax work? The simple explanation is that Equifax is a credit reporting agency and based on the information that they have on consumers, they come up with a credit score. Equifax will then send over the credit report and credit score to the lender.Was I affected by Equifax?If your information was exposed in the data breach, you can file a claim at EquifaxBreachSettlement.com. You may be entitled to as much as $20,000, although probably much less. The Equifax settlement was announced on July 24, 2019. The deadline for filing a claim is January 22, 2020.
