Equifax and Experian
There are many companies that were created to make the lives of consumers tougher and harder. And credit reporting agencies are among them. We can love them or hate them but we still need to deal with them. These financial services companies can really spoil our lives. That is why we should better always keep track of our records and be very careful with all the issue concerning loans, mortgages, taxes, bills, and so on. Otherwise such companies as Equifax and Experian can interfere. This article is about these compnies for you to be aware of them and their services.
Equifax. Equifax Corporation was founded in 1899 as retail Credit Company. This company is headquartered in Atlanta, Georgia. Equifax Corporation is actually a consumer credit reporting agency. The agency is considered to be one of the three biggest American credit agencies. Besides, it is the oldest credit agency. There have been many complaints filed against the company. These complaints stated that the company is always ready to sell its information on the millions of American citizens to everyone. And this info includes many facts and rumors about different spheres of life of the consumers. It is considered that the company even rewards the employees to find negative information on consumers. In 1970s the company had so many troubles concerning these complaints, that it even had to change its name to Equifax in 1975. The company has been several times fined by the Federal Trade Comission. In 2000, Equifax along with Experian were fined for blocking and delaying phone calls from consumers. People just tried to get some information concerning their credit records and they could not.
Experian. Experian is a publicly held company. The company was founded in 1980 as CCN Systems. The company is a global credit agency. Experian operates in thirty six countries all around the world. The company is headquartered in the United States in Costa Mesa, California. Experian North America specializes in providing of credit services, marketing solutions, interactive services, and so much more. The company specializes in collection information on people, companies, vehicles, and so on. There have been many complaints filed against this company as well. The company is alleged to be involved in misleading advertising, misleading domain name, failure to honor cancellations, and many other issues. Along with many other credit agencies, Experian had earned a grade F in an appraisal of customer service.