Equifax is a credit bureau with headquarters in Atalanta, Georgia. They are the ones that come up with your credit score, based on all the information they gather about you. When a consumer applies for a loan, be it a house, car, a credit card, a personal loan from a bank and so on, the lender requests information from Equifax. Equifax will then send over the credit report and credit score to the lender. Based on that credit history the lender can then make a decision to give you a loan, or not give you one, and what your interest rate will be.
Generally speaking, here are the factors considered in credit scoring calculations. Depending on the scoring model used, the weight each factor carries as far as impacting a credit score may vary.
- The number of accounts you have
- The types of accounts
- Your used credit vs. your available credit
- The length of your credit history
- Your payment history
If you find any inaccuracies in your credit report it is possible to dispute them and remove negative items, thus improving your credit score. Anybody can file a dispute with Equifax, but it is a lengthy and fairly complicated process best left to professionals.
Creditsafe is the collective of global business intelligence experts, specializing in business credit checking and all round B2B solutions. Creditsafe was founded in Norway in 1997, and after moving to Sweden in 1998 the company began its European expansion opening offices in the UK in 2000, France in 2006, Ireland in 2007, Holland in 2008, Germany in 2010 and Belgium in 2011. Creditsafe opened up in the USA September of 2012 with an office Allentown PA.
Creditsafe provides online commercial credit information and business reports. The company offers online business credit reports with a database of public and private companies.