Finance Blog

Stay financially savvy with the Equifax Advisor.

Sign up for our FREE Monthly Email Newsletter


Thank you for signing up for the FREE Equifax monthly newsletter

In addition to keeping in the financial know, you may be interested in checking your credit score and report.

Understand your credit. Help protect your identity.

Equifax Complete™ Premier Plan

  • Know What May Influence Your Credit Score and Be Alerted of Changes
    Credit score monitoring with custom alerts
    Important Disclosure: The Equifax credit score and 3-Bureau credit scores are based on an Equifax credit score model and are not the same scores used by 3rd parties to assess your creditworthiness.¹
  • Help Protect Your Identity
    Automatic fraud alerts encourages lenders to take extra steps to verify your identity²
  • Lock Your Credit
    The ability to lock and unlock your Equifax Credit Report³
Save 75% your first 30 days with the purchase of Equifax Complete™ Premier

$4.95 for the first 30 days, then $19.95 per month thereafter. You may cancel at any time; however, we do not provide partial month refunds.4

¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.

²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.

³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.

4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.

Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.

Credit Trends by the Numbers

Written by Janet Dedrick on May 17, 2010 in Credit  |   2 comments

The news about the economy is confusing to say the least. One columnist predicts that we’re going to see the recession continue for another year, while an economist in another newspaper says that everything is getting better. When economic data is released, like the weekly…

Credit trends determined by credit report numbers The news about the economy is confusing to say the least. One columnist predicts that we’re going to see the recession continue for another year, while an economist in another newspaper says that everything is getting better.

When economic data is released, like the weekly or monthly unemployment numbers, the media reports it any number of ways. We gained 290,000 jobs in April 2010, but the official number of unemployed Americans increased. How is anyone supposed to make sense of these numbers?

As an Equifax analyst, I get to see a lot of raw data that isn’t widely available. When I look at information on mortgage loans, student loans, and bank cards and see how consumers are handling their credit, trends begin to emerge.

The good news is that even with all the confusing and negative economic reports being released, I’m starting to see some positive trends.

Here’s what the data is telling me at the moment:

1. Early-stage delinquent balances are declining year over year. An early-stage delinquent balance is usually considered to be 30 days late, or one missed payment. A decline in early-stage delinquent balances is a sign that we’re moving toward more economic stability. Even better, I’m seeing the same decline in early-stage delinquencies across many types of credit, including mortgages, home equity lines of credit, bank cards, and auto loans. I’m thinking this could be a sign that people have more cash available and are paying more of their bills on time. As early stage delinquencies improve, late stage delinquencies – 120 days plus, or four or more missed payments – subsequently improve. Bankcard, auto loan, and home equity line delinquencies for early to late stage delinquencies are improving, with mortgage delinquency still the most troublesome spot.

2. There are higher numbers of some types of new lines of credit. Although it’s still somewhat sparse, we’re starting to see a pickup in auto loans corresponding to the increasing number of cars purchased. I think we have already hit the bottom of the cycle when it comes to auto loans, and now we’re seeing things move in the right direction. Of course, car sales were exceptionally low last year, so the year-over-year comparisons are going to look good. As of January/February 2010, we’re seeing an increase of 20 percent, or almost 200,000 new auto loans (for new and used cars) over last year.

3. Consumers are being smarter about their credit. The higher number of auto loans tells me that consumers are getting more confident about what’s going on in the world. You have to be confident to make a $30,000 or $50,000 car purchase. But consumers are also being smarter. The average size of an auto loan is $18,300, which is less than before the recession, so consumers are being prudent about taking on more debt.

4. The rate of decline for bank cards being issued is slowing. While we’re still seeing a decline in the number of bank-issued credit cards, the rate of that decline is slowing. To me, that’s a sign that we’re nearing the bottom, and I predict that we’ll see an increase in card issuance later this year. Credit expansion would be a good thing for consumers.

What are you seeing? Are your creditors still cutting back on your credit card available balance or your home equity lines of credit? Leave your comments and questions here, and we’ll see if we can make sense of some of the confusing data you see in the news.

Read More

The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.


  1. Eva Rosenberg, EA says:

    Hi Janet,

    Thanks for the upbeat news.

    I am still nervous.

    I still see people in homes they are trying to keep, where they are upside down.

    None of the financial bailouts helped them. Either their incomes were too low (just hanging on by their fingertips, getting paid sporadically), or their incomes were too high (but half of what it used to be) to qualify for any reduced interest rates or loan modifications.

    Believe it or not, there are still people who are stubbornly trying not to go into default.

    They don't show up in the stats (enemployment or defaults), because they've taken lesser work just to try to keep minimum payments up. Or they're off the grid because they've been unemployed for so long they can no longer collect benefits. Or they have taken dramatic pay cuts on their present jobs, simply in order to keep their jobs.

    But they're paying their bills.

    These are my heroes!

    Thanks to you and your team for being here!


    Your TaxMama

  2. ssophies says:

    Excellent site, keep up the good work. I read a lot of blogs on a daily basis and for the most part, people lack substance but, I just wanted to make a quick comment to say I’m glad I found your blog. Thanks

Commenting guidelines

We welcome your interest and participation on this forum, but be aware that comments will be published at Equifax's sole discretion. Please don't use this blog to submit questions or concerns about your Equifax credit report or raise customer service issues. Instead, you should contact Equifax directly for all such matters and any attempts to do so in this forum will be promptly re-directed.

Some other factors to consider when commenting:
  1. Registration and privacy. While no registration is required to visit our forum, participants wishing to post a message must register by creating an account. All personal information provided by forum members incident to registration is governed by our Terms of Use and Privacy Policy.
  2. All comments are anonymous. We'll delete your name, e-mail address, and any other identifying information, including details about your investments.
  3. We can't post or respond to every comment - As much as we'd like to, we can't post every comment, nor can we guarantee that we will respond to each individual message. All questions or comments about your Equifax credit report or similar customer service issues should be handled by contacting Equifax directly.
  4. Don't offer specific legal, tax or financial advice. All of the materials on this Site are for information, education, and noncommercial purposes only and this forum is not intended as a means of expressing views or ideas regarding any specific legal, tax, or investment advice. While offering general rules of thumb is both permitted and encouraged, recommending specific ideas or strategies regarding investments, taxes, and related matters is prohibited.
  5. Credit Repair. This blog is not intended as a venue for the discussion or exchange of ideas regarding credit repair or other strategies intended to assist visitors and community members improve or otherwise modify their credit histories, ratings or scores.
  6. Stay on topic. Your comment should be concise and pertain to the specific post in question.
  7. Be respectful of the community. The use of profanity, offensive language, spam, and personal attacks will not be tolerated and egregious or repeat offenders will be banned from future participation. We encourage disagreement and healthy debate, but please refrain from personal attacks on our WordPresss and contributors.
  8. Finally: Participation in this forum may be terminated by Equifax immediately and without notice for failure to comply with any guidelines or Terms of Use. As such, you should familiarize yourself with all pertinent requirements prior to submitting any response through the blog or otherwise. All opinions expressed in this forum are solely those of the individual submitting the comment, and don't necessarily represent the views of Equifax or its management.

Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.

Credit Archive