Equifax

Equifax is one of the three credit reporting bureaus in the United States. Equifax collects and manages data about the way people use credit including what loans they have outstanding, what credit cards they have and whether they pay their bills on time. Equifax takes all of this information and puts together a credit report and the information on your credit report gets used to determine your credit score. In addition to Equifax, the other two credit reporting bureaus are TransUnion and Experian. You can get a free annual credit report at annualcreditreport.com.

Featured Equifax Article

Deed in Lieu of Foreclosure Affects Credit Score

A landlord wants to sell her investment property and has trouble. While the property is rented, the rent does not cover the mortgage. The landlord wants to know the effect of using a deed in lieu of foreclosure on her credit score. She called the credit bureaus but could not get a direct answer. Ilyce says that the effect of a deed in lieu of foreclosure on a credit score depends on the individual because each person has different credit factors.

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