Equifax and TransUnion are agencies, which report people's credit history with information received from retailers, banks, collection agencies and mortgage lenders. Equifax has been in business since 1899 and TransUnion since 1969.
Comparison
Equifax has offices in 15 countries on three continents, TransUnion has offices in 25 countries on five continents.
Score
Equifax uses Score Power to report people's FICO scores that range from 300 to 850. TransUnion uses zendough to report credit scores with a range of 300 to 900.
Format
Equifax provides credit-report history as short statements. TransUnion displays credit history in a table format.
Coding
Equifax and TransUnion use codes to report spending and borrowing information. Equifax and TransUnion codes may have different meanings that are interpreted differently by companies that read the reports.
Benefits
Consumers can obtain an Equifax or TransUnion credit report to let them know what information has been reported about them by retailers, banks and collection agencies. When people obtain their credit report, they are able to check for errors.
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