Can Equifax be trusted?

Equifax customer reviews
Interestingly, ClearScore*, which provides access to the Equifax score and report for free, is given a Trustpilot score of 4.2 out of 5, based on over 7,000 reviews. 71% of reviewers classified it as "excellent", with only 16% believing it to be a "bad" company.

What is the problem with Equifax?

Equifax, one of the nation's three major consumer credit bureaus, says it issued inaccurate credit scores to lenders during a three-week period from March 17 and April 6, 2022, due to what the company describes as a coding issue.

Can Equifax be wrong?

Check your credit report

If anything in the report is wrong, dispute it. You can also try calling Equifax's support line at 1-888-378-4329. Once any issues on your credit report have been corrected, "It's worth going back and asking for a reconsideration. That means applying for the loan again," McClary said.

Is Equifax real?

Equifax is one of three national credit bureaus. These companies collect information about your credit history, such as how many credit cards you have, how much money you owe, and how you pay your bills.

Is Equifax a valid credit score?

The Equifax credit score is an educational credit score developed by Equifax. Equifax credit scores are provided to consumers for their own use to help them estimate their general credit position. Equifax credit scores are not used by lenders and creditors to assess consumers' creditworthiness.

Equifax Changes the Game. You Need to Know This

Which is better Experian or Equifax?

2 Experian has a slight edge over Equifax because it tends to track recent credit searches more thoroughly. Experian breaks down a credit report into sections, which include the following: Personal information including past addresses. Employment.

What data was stolen from Equifax?

The data breached included names, home addresses, phone numbers, dates of birth, social security numbers, and driver's license numbers. The credit card numbers of approximately 209,000 consumers were also breached. The Equifax breach is unprecedented in scope and severity.

How do I know if I was breached by Equifax?

Equifax has created a website where you can find out if you have been affected by the breach. The website will ask you for the last six digits of your social security number and your last name, and then will tell you if you have been affected. You can also call 1-833-759-2982.

Does Equifax sell my data?

Workforce Solutions. We collect, use, and sell personal data as part of the Workforce Solutions that we provide to our employer customers. These services enable our customers to provide services and benefits to their employees, and to help manage their workforce in compliance with laws and regulations.

Why Equifax score so low?

Your Equifax score is lower than the other credit scores because there is a slight difference in what is reported to each credit agency and each one uses a slightly different method to score your data.

Is Equifax accurate on Credit Karma?

Here's the short answer: The credit scores and reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus. The credit scores and reports you see on Credit Karma should accurately reflect your credit information as reported by those bureaus.

Do banks go off of Equifax?

Lenders and creditors may use information in your Equifax credit report to help them make lending decisions.

Should I use Equifax?

Equifax customer reviews

Overall, it has been given a score of 1.2 out of 5, based on more than 800 reviews, with 96% of reviewers classifying Equifax as "bad", with fewer than 1% deeming it as either "excellent", "great" or "average".

What is a good score with Equifax?

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

Is it hard to cancel Equifax?

You can cancel your product at any time within your myEquifax account by clicking on your name in the top right corner and selecting My Account then Cancel Subscription, or by calling our Customer Care Team at 1-888-Equifax (1-888-378-4329).

When did Equifax get hacked?

The Equifax data breach occurred between May and July 2017 at the American credit bureau Equifax. Private records of 147.9 million Americans along with 15.2 million British citizens and about 19,000 Canadian citizens were compromised in the breach, making it one of the largest cybercrimes related to identity theft.

Is there a class action lawsuit against Equifax?

There are several benefits available under the Equifax class action lawsuit settlement. Consumers can choose between free credit monitoring services or a $125 cash payment. Additionally, the settlement provides up to $20,000 in expense reimbursement and at least seven years of free identity restoration services.

How did hackers breach Equifax?

The indictment alleges that the hackers first ran a series of SQL commands to find especially valuable data. Eventually, they located a repository of names, addresses, Social Security numbers, and birth dates. The DOJ says the interlopers ran 9,000 queries in all, not stopping until the end of July.

Who hacked into Equifax?

According to the indictment, Wu Zhiyong, Wang Qian, Xu Ke, and Liu Lei exploited a vulnerability in the dispute resolution website within the Equifax system. From that initial access point, the hackers used a number of techniques to force their way into the company's network and back-end databases.

Has anyone received money from Equifax?

Equifax started sending out payments to people affected by its massive 2017 data breach. But, as consumers quickly realized, the settlement payments are way less than the expected $125 per consumer. People have gotten as little as $5.21 because of the sheer number of people who filed claims for the money.

Who owns Equifax?

Equifax Inc (NYSE:EFX)

Institutional investors hold a majority ownership of EFX through the 96.37% of the outstanding shares that they control. This interest is also higher than at almost any other company in the Miscellaneous Commercial Services industry.

Do banks look at Experian or Equifax?

This is because not all financial institutions report all the same information to credit reporting bureaus, although this is a rare case. However, most smaller lenders typically use Equifax.

What companies only use Equifax?

Here are some of the best credit cards that may use Equifax only:
  • Chase Sapphire Reserve: $450 annual fee (excellent credit) ...
  • Citi Double Cash: $0 annual fee (good credit) ...
  • Discover it: $0 annual fee (good credit) ...
  • HSBC Premier World Mastercard: $95 annual fee, waived the first year (excellent credit)

Is Equifax the most accurate?

Equifax: Which is most accurate? No credit score from any one of the credit bureaus is more valuable or more accurate than another. It's possible that a lender may gravitate toward one score over another, but that doesn't necessarily mean that score is better.