![]() It can, for example, provide more protection from identity theft or an unauthorized user accessing your account. There are certain reasons why you may want to restrict access to your Equifax credit report. You can also temporarily or permanently lift a security freeze. From there, you can implement a security freeze. ![]() To freeze an Equifax credit report, you’ll have to first create a username and password through myEquifax. This process is federally regulated and lets you freeze and unfreeze your credit report-permanently or temporarily. How your Equifax credit report can help youĪ credit freeze-or security freeze-gives you the ability to restrict access to your credit information. This section can include past-due account information from the likes of the following: This information is then reported to Equifax and indicated on a credit report. Outstanding debt can be sent to a collection agency if a balance isn’t paid within a certain period of time. It can also include other details related to a bankruptcy, like the type and the filing date. This section includes any bankruptcy public record information. A hard inquiry can impact your credit scores and, like a soft inquiry, stay on your Equifax credit report for up to two years. Hard inquiries happen when a lender or an individual accesses an individual’s credit report because they applied for credit or a service like phone, cable or internet. Examples of soft credit inquiries include checking your own credit report or receiving a pre-approval offer from a credit card company. And even though they don’t affect your scores, they’ll appear on your Equifax credit report for up to two years. Soft credit inquiries don’t affect credit scores. When a credit report is checked, it’s considered either a hard or soft inquiry. ![]() This section shows who has looked at your credit report-known as a credit inquiry or credit check. Credit limits on accounts, if applicable.Age of the account and when it was opened.Type of credit account, like revolving credit, installment loan or mortgage.Closed accounts-including accounts that have been paid off.Credit account information found in an Equifax credit report may include the following: Credit accountsĬreditors and lenders report information about your current and past accounts to Equifax, which is reflected in this section. It may also show prior addresses, maiden names or any other names you’ve previously used. This section includes identifying information like your full name, address, birthday and Social Security number. You can get a free copy of your Equifax credit report to review and understand what creditors and lenders are seeing when you apply to borrow money.Īn Equifax credit report contains information about an individual’s financial history and has five main types of information: 1.The five main components of an Equifax credit report are personal information, credit accounts, inquiry information, bankruptcies and collections accounts.Equifax is a credit bureau that collects information about an individual’s credit history to create a credit report.Read on to learn more about what an Equifax credit report is and how to use this information. This way, you can be more prepared when making financial decisions. These reports are then used to calculate credit scores and help companies determine your creditworthiness-or how likely you are to repay your debts on time.īy checking your Equifax credit report, you can learn more about what creditors or lenders may see when you apply for credit. ![]() These credit bureaus all collect information on your financial habits and use that information to compile and sell credit reports. Equifax® is one of the three major credit bureaus.
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