Sign up for our FREE Monthly Email Newsletter
In addition to keeping in the financial know, you may be interested in checking your credit score and report.
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.
Outside the walls of Equifax, I do a lot of volunteer work on financial literacy and teach workshops on how to understand credit, how to be a smarter consumer, and generally how credit works. I believe that knowledge is power. The more knowledge people have about their credit report—how the information is collected and how the credit score is derived—the more empowered they will be to take control of their financial lives. When I hold these workshops in underserved communities, I love to see when the light comes on, when it finally clicks.
Often, the people in my workshops don’t even know what their credit report is. I try to explain it’s just a history of how you pay your bills, all recorded in one place. Once people understand that, they can start to understand how their credit history reflects upon them and how they can control that.
My big passion, no matter where the people come from, what kind of house they live in, or what kind of job they have, is getting them to understand how their spending habits, budgeting skills, and credit behavior will affect them for the rest of their lives.
I try to tell people that it’s never too early to start educating your children about how to use credit. Some people say high school kids should have to take a personal finance class. I say elementary school! I think we’ve all seen, especially in this economy, that if you don’t manage credit wisely you can get into trouble.
Financial literacy is a key problem today, and that’s why I’m so thankful I’m in the position to educate and help people. One of the best ways to educate the public is with a balance of information from credit reporting agencies, information from the credit issuers, and financial literacy education.
That’s what I hope to do with this blog. I want to clear up some misconceptions about what credit reporting agencies do, and I want to provide some information to help you understand where your credit score comes from and help you take control of your credit and finances.
I’d love to hear from you about your credit questions and help you connect all the pieces of your financial life. What questions do you have?
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.