Founded in 1899 Equifax is the oldest credit risk assessment institution. From its meager existence as a Retail credit company the company has now grown into one of the three largest consumer credit reporting agencies in the world. The company is a Fortune 500 component and gathers credit related information from almost 400 million consumers around the world.
What Is A Credit Report
A credit report is an assessment of credit risk involved in a potential investment and points out the extent of exposure any lender can take against a potential borrower. The assessment is done taking into account the financial stability and asset backing held by the individual or corporation applying for the loan.
Credit report is a historical record of anyone that wants to apply for a loan. It contains information about Payment History like late payments, missed payments, loans rescheduled and bankruptcy etc., Credit Requests , Account Diversity i.e. information on diversity of borrowed lines of credit. Anyone who has been denied credit or insurance can ask for a credit report from Equifax.
How You Can Request A Free Credit Report By Equifax?
Anyone who is applying for a loan for first time, or who is applying for a new line of credit after having paid the previous one of any; of the following types
- Fraud Alert Credit
- State Credit for the Unemployed
- Credit from Public Welfare Assistance,
- Subsidized State Credit,
- Victim of Fraud.
Anyone who has received Risk-Based Pricing Notice, Account Review Pricing Notice or who has been denied Credit, Insurance, change in credit limit or other benefit can also apply.
Step By Step Process
- Go to https://aa.econsumer.equifax.com/aad/landing.ehtml
- Fill in the online form by providing name, date of birth, surname, and social security number.
- Indicate your length of stay at your current residence is more than two years or not.
- Read carefully the terms of service agreement and choose I accept the service agreement then press “Next”
- Now follow instructions to complete the process of online filing.
Once you have successfully filed the application for the free credit report you can follow your application status.
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