Credit Bureau Equifax: reviews

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Sometimes, for 100% certainty that you owe nothing to anyone, people turn to specialized organizations. This must be done not only to clear one's conscience, but also for the sake of one's own curiosity. This way you can see yourself through the eyes of a bank. BCI "Equifax" is an organization that provides information about the credit reputation of the client. What is this company? And is it convenient to use its services?

A few words about the company itself

Equifax is the largest credit bureau leading the list of domestic credit bureaus. The company closely cooperates with the Central Bureau of Credit Histories of the capital and regularly develops special offers for mutually beneficial cooperation with credit and financial institutions of the Russian Federation.

BCI "Equifax" provides services to individuals and legal entities within the framework of the law. These services are related to risk management, prevention of fraudulent activities by intruders,obtaining analytical data.

General information about the creation of the company and its customer base

The Equifax credit bureau was founded in 1899. The official headquarters of the organization is located in Atlanta, Georgia (USA).

Since its inception, the company has managed to go beyond its homeland and open its representative offices in other countries. So, the company's branches can be found in 24 countries of the world.

Currently, the company issuing credit reports online and free of charge (available 2 times a year), has an extensive customer base. It includes over 308.4 million dossiers on individuals and about 806,000 on legal entities. Over 2,000 financial and credit organizations cooperate with this BCI on an ongoing basis.

Why go to BKI?

When you need a credit history check, Equifax is the bank you can turn to. This company provides information about the current status of your credit report upon request.

And you can get an extract from the credit dossier completely free of charge, but once a year. If you deal with loans regularly, it makes sense to do it more often. Only these requests will already be paid.

Summary of Credit History

Credit history is information about when and where you took loans. Everything is described here: the timing of the loan, the correctness or incorrectness of its repayment (indicatedlate payments). It contains the date of full repayment of the loan. You can find out your credit history online for free by contacting Equifax twice a year.

Why do I need a credit report?

In most cases, banks are interested in credit history when looking for information about a potential borrower. However, knowing your credit history can be very helpful. In particular, you can find out the reason why, for example, you were denied a bank loan. The reason may lie in the mistakes made in the dossier.

So, banks fill out credit files. They transmit information about their clients to BKI. It happens that due to the inattention of an employee of a credit institution, a mistake was made in the name, surname or address of the client. The bank system may fail and the credit you have will be written to you twice. Or do not indicate the date of repayment of the loan. Seeing such a dossier, the new bank where you went to take a loan may well refuse you.

It's easy to solve the problem. It is enough to periodically send a request to the Equifax CBI. A credit history is issued free of charge and online here based on data received from banks and the central credit bureau.

How to deal with inaccurate information?

Having received data on the state of your credit history, in case of any violations, you can go straight to the bank. According to company employees, many of their customers did just that.

If you pay attention to the reviews of Equifax, you can see the whole picture. Having received a credit file with errors, for example, in the surname, they went to the bank. There they showed their passport, checked the data.

In most cases, such a trip ended with correcting errors in the data and updating the credit file. In the worst case, the bank refused to change anything, and customers had to go to court.

How do I get information about my credit file?

In order to submit a request for your credit file, you must complete the following steps:

• Go to the official website of the company.
• Select in the "Individuals" tab.
• Select the most appropriate option for the request.

According to reviews of Equifax, there are several options for contacting the bureau. For example, one of the options is to send an electronic version of the appeal to the address of this organization. To do this, you need to fill out a special application form, sign the document with a complex electronic signature (enhanced qualified) and send it to the BKI email.

The second way to get a report is to register on the official service of the credit bureau. Next, all that remains is to enter your personal Equifax account and leave a request.

But be aware, you need to be prepared to verify the accuracy of your identity. This can be done, for example, through the State Services website by sending a telegram to the company's address by Russian Post.

Alternatively, you can log into your Equifax account and send a virtual mail request with a simple emailsignature. At the same time, the key to the signature must be obtained during a personal visit to the organization, in accordance with the rules for using an electronic signature in the Russian Federation.

What other application options are available?

Many Equifax reviews refer to additional options for submitting an application to the BCI. For example, you can download a sample application, fill it out, notarize it, and submit it for a loan application.

Another option for contacting the bureau is to send a telegram with a personal signature, certified by a post office employee. It must contain your last name, first name, patronymic, place and date of birth, address of registration and actual location, the desired method for receiving a response: by Russian post or by virtual letter.

And, finally, if you live in Moscow, it is always possible to personally visit the company's office, write an application on the spot and wait for a response. The document can be received in electronic form or paper version to choose from.

What clients say about Equifax bureau: reviews

Versions of many clients, based on their own opinion about this BCI, may differ. For example, some clients say that they enjoyed receiving information from the company. She always arrives on time, and all services are provided flawlessly.

The second ones confidently declare that they are not satisfied with the work of the support service. According to them, they repeatedly applied to her and did not receive a response for several months. You can solve the problem by writing your questions to the company's email address. Howsay the company's customers, after such an appeal, the answer came faster, and representatives of the organization even called by phone and apologized.

Third do not like the quality of services provided. From their words, it becomes clear that their credit file is incomplete. For some, it is very short, came with completely or partially missing information. Upon receipt of the dossier of the fourth, the client was not found. This happened due to an error in the last name when filling out the user profile.

Fifths complained about the large number of advertisements sent to their personal email address. The sixth did not like the presence of a large number of paid services, the inexperience of operators and the incorrect behavior of employees.

Most people like that the score on your dossier can be seen for free. Some clients who applied to this BCI managed to solve the problem with mythical loans supposedly issued in their name. The reason for the incorrect information is unclear.

However, after contacting the CBI for free, I managed to contact the company that provided information on a non-existent debt and correct the real information in the client's credit history.

In a word, it is useful to know your credit history. Trust but verify. Do you check your credit report often?