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Equifax Credit Bureau Review
By admin | September 24, 2007
If you’re looking to get an online credit check done, Equifax.com is likely one of the options you are considering.
Probably one of the more popular online credit reporting sites, Equifax offers a lot of positive benefits to its customers.
Equifax has been providing informative solutions to businesses and consumers for over 107 years now so you know it isn’t going anywhere. This company has been around for a very long time and will stand behind its offers. It currently serves individuals all around the world and has an annual revenue of over $1.4 billion dollars.
The company has a strong focus in strategic growth, product development and technological innovation. This is what helps them deliver the best benefits to consumers and ensure that you are getting your needs met.
Equifax offers you a wide range of services and products; from very basic reports to much more detailed results of your credit.
When you get a basic Equifax credit report done, you will get an enhanced credit summary that includes the length of your credit history, your debt to credit ratio and a record of companies who have viewed your credit file recently.
For $10.00 you’ll get all of that plus access to their 7-day-a-week customer care line in case you have any issues you need to discuss.
If you’d like a little more information than that, then you can also add your FICO credit score to the report for only $5.00 more, bringing the total cost to $15.00
Or, alternatively if you’d rather get your standard credit report and then also get an ‘Equifax Credit Rating’ report, you can add that for only $8.95 more, bringing the total to $18.95.
What this will allow you to do is see the strength of your credit and debt in comparison to other people who are the same city, state or nationwide. The comparison’s made will be:
-mortgage payments
-mortgage balance
-auto loan payment
-auto loan balance
-total debt
-credit card debt
-credit card utilization
-number of hard inquiries
-number of open credit accounts
-number of late payments
If that’s still not enough information for you and you’re looking for more, Equifax has solutions. Their ‘3-in-1 Credit Report with Score Power’ is a popular option among consumers and is priced at $29.95. This is a great deal for the amount of information you’ll be receiving.
The benefits of this option include immediate access to your online reports. For those that need information quickly, this is the way to go. You’ll also get a line by line comparison of your credit history for all three Equifax, TransUnion and Experian.
The Score Power portion of this package will give you your FICO credit score along with a comparison of the national averages. This will then allow you to determine how you are going to look in a lender’s eyes. For anyone serious about getting a loan, this will be valuable information.
Then, like their other products you’ll also get a confirmation number that will allow you to dispute any errors you see along with access to their Customer Care line.
Finally, if you’re just looking for a service that will help you track what your score is and make sure you are in favourable conditions, their Score Watch product is the way to go. This will monitor your FICO credit score, which could end up saving you thousands of dollars over time.
Since the higher your score means you will be paying lower interest rates, it’s going to be valuable to anyone to ensure that their score is as low as possible before taking out a loan.
The Score Watch service will provide you with continuous monitoring of your score and they will notify you of anything that occurs that will impact the interest rate you will likely receive upon getting approved for a loan.
So regardless of whether you are looking for basic information or more detailed credit score services, Equifax is one online website service that will offer you a multitude of options and get you the help you need to stay informed about your credit rating.
Topics: personal finance |
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