Exposed! The Raw Truth about Equifax Credit Bureau

As a credit reporting company, Equifax Credit Bureau keeps credit history information about consumers. Equifax receives this information from lines of credit that you have, including credit cards, store credit, cell phone suppliers, banks, credit unions, or mortgage companies. All these agencies report your payment history, balance, and other information to Equifax Credit Bureau.

Headquartered in Atlanta, Georgia, Equifax employs about 7,000 people located in 15 countries. It's a publically traded company as a member of S&P 500® Index. Equifax is traded on the New York Stock Exchange under the symbol EFX.

Founded in 1899, Equifax is the oldest of the three main credit reporting companies. Equifax gathers and maintains information on over 400 million credit holders internationally. Equifax has charted $1.5 billion in revenue annually.

Equifax compiles all the information they receive from lenders, and compiles it into a credit report. Whenever you apply for any type of credit, a lender pays to pull your credit record to see your financial history. Prospective employers are allowed to pay to see your credit, also.

To check Equifax credit report, you can visit www.annualcreditreport.com to receive a free copy of your report. This service can only be used once a year. You can also visit www.Equifax.com to access your credit report. There are sales, but in most cases, there is a cost associated with accessing your Equifax credit report.

After you access your Equifax credit report, you may find mistakes. To dispute an error on your report, you can log on to Equifax’s website and go through the motions there. However, it’s very important to know that sometimes getting an Equifax dispute corrected can be very time consuming and cumbersome. And, you may get no results.

Many consumers have the same thoughts as this one “Reading my credit report was very confusing and unnerving. When I did think I understood, and took action against my disputes, I waited what seemed like forever to hear a reply. When I did finally get an answer, it was no, and I was right back where I started.”

Another consumer says this about disputing an error on his credit report: “I had some many negative marks on my report; I didn’t know where to start. Reading these reports is very overwhelming, and I really wish that someone would help me figure out this mess!”

One consumer, who was a victim of credit fraud, had a horrible experience with her Equifax credit report. “After doing numerous investigations, Equifax would not take off a large number of negative marks that did not belong to me. Even though I had evidence that these accounts were not mine, Equifax will not take them off. After all my hard work, nothing matters because my credit report is shot!”