Who/What is Equifax?
Along with TransUnion and Experian, Equifax is one of the three major credit reporting agencies in the U.S. They track your entire financial history — every bill you pay, any loans you have, credit cards, credit inquiries and more. They use this information to generate your credit report. When you apply for a new loan, credit card or attempt to open any new account, businesses look at your individual report to decide whether or not they want to lend you money, how much money to lend and at what interest rate.