When you review your credit report, how much attention do you pay to the company that created it? Do you think about the other end of the table, who these people are making financial report cards on adults?
If not, it might be time to pay attention. Credit reporting agencies are big business — and understanding how their business works can help you take your credit reports into your own hands. Here are a few facts you should know about Equifax, one of the three major credit reporting agencies (CRAs) in the U.S (The other two are Experian and TransUnion.)
Equifax at a glance
- Headquarters: Equifax Inc., Inc., 1550 Peachtree St. NE, Atlanta, GA 30309-2402, United States
- History: Founded in 1899 and went public in 1965.
- Market Cap: $12.10bn
- Number of Consumer Records: 210 million worldwide
- Total Number of Employees: 10,400 people in 18 countries
- CEO: Mark Begor
- Business Services Offered: Equifax has no shortage of business services and products, which it offers to both companies and government agencies. Equifax’s services go from tax credits and incentives to risk-based authentication and more. Read here to learn more about Equifax’s business services and here to learn more about Equifax’s services for government agencies.
- Consumer Services Offered: Equifax offers three main consumer products, which range from the ability to view your Equifax credit report as often as you’d like to the ability to receive alerts when changes are made on any of your credit reports from the three CRAs to identity theft protection and more. These services are packaged into a few main products called Equifax Complete™ Premier, Equifax Complete™ Family Plan, Equifax ID Patrol™, Score Watch®, and Lock & Alert™.
Five Facts to Know About Equifax
1. Equifax Maintains Data on Millions of Consumers
The credit reporting business is all about data, and you don’t get to be one of the main players in the field without maintaining a lot of it. Equifax does just that, managing data on more than 210 million consumers.
2. Equifax Creates Individual and Business Credit Reports
Equifax doesn’t stop at individual credit reports. The company also creates business credit reports both in the U.S. and internationally. That means lenders can assess the risk of individual consumers and businesses alike, helping them to make lending decisions they can bank on.
3. Equifax Operates in Multiple Countries
Given its international offerings, it makes sense that Equifax’s footprint extends far beyond the U.S. Equifax currently operates and or invests in 24 countries around the world.
4. Equifax Is a Global Employer
It takes a major workforce to maintain such a large operation. As of right now, more than 10,000 people around the world call Equifax their employer.
5. Equifax Offers Credit Monitoring for Individuals and Families
Like Experian and TransUnion, Equifax doesn’t just focus on what it can offer businesses. The company also offers multiple products for individuals and families, including credit scores, credit monitoring, and identity theft protection.
All of its products come at a monthly fee, except for a service that enables you to lock your credit and view alerts on it for free.
Click here to sign up for Upturn Credit — you’ll be able to review your TransUnion credit report and dispute any errors you might find for FREE.
How to Contact Equifax About Your Credit Report
As important as it is to know how businesses like Equifax work, your primary concern might be what to do if you spot a mistake on your credit report from Equifax. Here are the various ways you can initiate a credit report dispute with Equifax:
- Online: http://www.equifax.com/personal/disputes
- By phone: 866-349-5191
- By mail: Equifax, P.O. Box 740256, Atlanta, GA 30374-0256
Have another matter to discuss with Equifax? You can reach them via chat here.
Get the facts: Here’s everything you need to know about credit scores and credit reports.