Equifax releases enhanced online credit report and loan modification solutionMortgagePress.comEquifax Credit Report, consumer education, credit history, HOPE NOW alliance
Equifax Inc. announced that
it has enhanced the online versions of the Equifax Credit Report.
The improved format provides consumers with a clear and concise
method to understanding the contents of their credit report.
The front page of the report will now provide a detailed summary
of a consumer's credit history, including accounts, debt-to-credit
ratios, account age and potential negative credit histories. Each
section also contains a brief explanation for consumers to help
them better understand the information.
Equifax also launched a solution to help lenders navigate new
guidelines for homeowner assistance created by the HOPE NOW
alliance. The solution leverages income and employment,
creditworthiness, and equity position data to help lenders
streamline the evaluation process to determine which borrowers
qualify for assistance.
Atlanta-based Equifax Inc. is a consumer credit reporting
agency. For more information, call (800) 685-5000 or visit www.equifax.com.