ATLANTA, COSTA MESA, CA & CHICAGO–(BUSINESS WIRE)–In a concerted action, the three national credit reporting agencies in the United States — Equifax (NYSE:EFX), Experian (LON:EXPN), and TransUnion (NYSE:TRU) — announce that they are offering free weekly credit reports to all Americans for the coming year to help them protect their financial health during the sudden and unprecedented hardship caused by COVID-19. The free reports will be available from April 20, 2020 via AnnualCreditReport.com.
The CEOs of the companies have issued a joint statement regarding the decision to increase their offerings for the coming year. “These are unprecedented times for the world. People are afraid and uncertain about the future. To play our part and alleviate some of that fear, we are uniting as an industry to help people know the facts about their financial data. We are making credit reports more accessible so people can better manage their finances and take the necessary steps to protect their creditworthiness,” said CEO Mark W. Begor, CEO Equifax; Brian Cassin, CEO Experian; and Chris Cartwright, TransUnion CEO.
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Consumer credit reports are an actual record of credit activity and payment history used by lenders, creditors, service providers and other companies to expand financial opportunities and other offers to people. Credit reports play an important role in the financial health of consumers, businesses and the economy.
Credit vigilance is critical in these uncertain times. Consumers are advised to regularly review their credit reports to understand the information reported on their payment behavior. The single most important action for consumers who can’t pay their bills right now is to talk to their lenders to find out if they offer help.
The three credit reporting agencies have also partnered with their US trade association, Consumer Data Industry Association, to provide: guidance of data providers on how to support consumer credit reporting during the pandemic.
For additional helpful consumer tips on coping with COVID-19, visit:
About Equifax Inc.
Equifax is a global data, analytics and technology company and believes that knowledge drives. The company combines unique data, analytics and technology with a passion to serve customers worldwide, to create insights that support decisions to move people forward. Equifax, headquartered in Atlanta, operates or has investments in 24 countries in North America, Central and South America, Europe and the Asia-Pacific region. It is a member of the Standard & Poor’s (S&P) 500® Index, and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. Equifax employs approximately 11,000 people worldwide. For more information visit Equifax.com and follow the news of the company Twitter and LinkedIn.
Experian is the world’s leading global information services company. During life’s big moments – from buying a house or a car to sending a child to school to growing a business by connecting with new customers – we empower consumers and our customers to manage data with confidence. We help individuals gain financial control and access financial services, businesses to make smarter decisions and thrive, lenders to borrow more responsibly and organizations to prevent identity fraud and crime.
We have 17,200 people in 44 countries, and every day we invest in new technologies, talented people and innovation to help all our customers maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are part of the FTSE 100 Index.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company that enables confidence in the modern economy. We do this by providing a comprehensive picture of each person so that they can be represented reliably and securely in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good.®
With a leading presence in more than 30 countries on five continents, TransUnion provides solutions that help create economic opportunities, great experiences and personal empowerment for hundreds of millions of people.