Equifax is a global data, analytics, and technology company headquartered in Atlanta, Georgia. In 1899, the company was formed by a group of tailors from Great Britain who joined forces to share information about consumers who didn’t pay their debts. It became a publicly held corporation in 1965. Today, the company operates or has investments in 24 countries throughout North America, Central and South America, Europe, and the Asia Pacific region.
Equifax is most well-known as one of the top three credit reporting agencies (along with Experian and TransUnion). Equifax uses items from consumers’ credit accounts to create credit reports, which lenders and creditors then use to determine whether or not to extend a loan or credit.
Equifax offers two tiers of credit monitoring and identity protection services geared toward consumers: Value and Premium. These services range from basic credit report access to more detailed and intensive credit monitoring and identity theft prevention tools.
Value products are designed for cost-conscious consumers who need regular or occasional access to their credit score and who might need to keep tabs on their accounts.
Pricing as of September 30, 2021.
|Value Product||Cost Per Month||Features|
|Lock and Alert||Free||Easily lock and unlock your Equifax credit report.|
|Equifax Core Credit||Free||Receive your credit score and report every month.|
|Equifax Credit Monitor||$4.95||Access your VantageScore credit score daily and see trends over time. Set up alerts for score changes and lock your credit report as needed.|
|Equifax Complete||$9.95||Access your credit report daily and get alerts for credit score changes. $500,000 in identity theft insurance and get a dedicated identity theft resolution specialist to help you recover from identity theft.|
If you’re looking to gain access to credit reports from all three bureaus at once or need some more robust identity theft protection tools, Equifax’s Premium line could be the right choice. You can choose from the following options.
Pricing as of September 30, 2021.
|Premium Product||Cost Per Month||Features|
|Equifax Complete Premier||$19.95||
|Equifax Complete Family Plan||$19.95||
Like its credit bureau counterparts, Equifax also delivers services, especially for businesses in a wide range of industries. As a cloud-native global data and analytics technology company, Equifax aims to help companies create data-driven solutions that drive revenue and deliver better customer experiences.
Equifax’s extensive menu of commercial products and services include the following:
Equifax allows you to place a fraud alert on your account if you have reason to suspect or anticipate fraudulent activity. That means lenders and creditors will need to take additional steps to verify your identity if you (or someone else) attempts to request credit. Generally, the lender or creditor will try to contact you personally to confirm that you’ve made the credit request.
Equifax offers two types of fraud alerts, both of which are free: initial and extended. An initial fraud alert is free and lasts for one year, while an extended fraud alert lasts for seven years and removes you from credit card and insurance offers for five years. To qualify for an extended alert, you’ll need to provide an FTC Identity Theft report or police report.
Equifax also offers you the ability to freeze your credit for free, which will prevent lenders and creditors from accessing your Equifax credit report when someone attempts to open credit in your name. The only catch is that you will not be able to apply for credit while the credit freeze is in place. You can temporarily lift the freeze if you want to apply for credit and then re-freeze your credit report.
If you want to freeze credit reports from the other two bureaus, you must contact Experian and TransUnion directly.
Unlike the Lock and Alert option that Equifax offers for free, credit freezes are federally regulated. That means you’ll have to apply for and wait for the freeze to reflect on your account, which can take up to 24 hours.
Scammers impersonate well-known banks, such as Citibank and Chase, to trick you into giving up your sensitive information—learn how to beat these scams.
Venmo users are noticing suspicious emails hitting their inboxes with claims of a large sum of money waiting to be transferred by a PayPal user.
Using a new bitcoin exchange might not seem like a big deal, but if you don't do your research first, you could end up losing thousands of dollars.
Fake PayPal emails regarding your eBay transactions are sent by scammers to fake payments and steal your information.
Don't believe everything you hear. If someone promises high returns on a bitcoin investment, proceed with caution.
If a hacker is blackmailing you to get bitcoin, it can be hard to figure out if it's an empty threat or a real one.
Although buyers may seem like they're being helpful, an offer to organize shipping for you is often an attempt to scam you.
PayPal is a convenient way to pay for online purchases and has a reputation for safety and security. But scammers still find a way to use PayPal to help them steal products.
Scammers take advantage of PayPal's buyer protection program to scam sellers out of their money and items for sale.
Multiple free money scams that easily fall under the “too good to be true” scams that target loyal PayPal users with promises of free PayPal money.
Getting scammed isn't fun, and there's often little you can do to recoup your losses, but there are steps you should take to protect yourself.
You may not pay much attention to your credit score until you need to apply for credit, but we have important reasons why your credit shouldn't be out of sight, out of mind.
Placing a fraud alert with Equifax can be done in a matter of minutes and can keep you safe from identity theft.
It's estimated that $13 billion is lost each year to identity thieves. Knowing how to recover is important to minimize your losses and get your life back on track.
When a company is the victim of a data breach, it's completely out of your control. However, there are steps you can take afterward to protect your information and money.
This case shows just why you need to be aware of SIM swapping and how to protect your cell phone number from criminals like this.
After a 3-year long scam, Angela Mirabella and six others have been indicted on several charges, including grand theft.
Taking a chance on a fake COVID-19 vaccination card seems like an easy way to get around requirements, but think again before you land yourself in prison.
Sometimes it just safer not to pick up calls from unknown phone numbers.
Nike is taking a stand against counterfeiters and stopping fake products before they hit U.S. soil.