Tag Archives: Credit score

31Jan/26

Equifax Credit Abuse Risk: Precision Fraud Defense Through Behavioral Intelligence

January 31, 2026FinanceCredit, Credit history, Credit risk, Credit score, Detection, Employment discrimination, Equifax, Loans, Personal financeadmin

Jan. 29, 2026 /Mpelembe Media/ — Equifax has introduced a new analytical tool called Credit Abuse Risk to assist financial institutions in identifying and preventing first-party fraud. This predictive model utilizes specialized data to detect loan stacking, where individuals rapidly acquire multiple debts, and credit washing, which involves the illegitimate removal of negative history from reports. By providing real-time behavioral insights and actionable scores, the system allows lenders to adjust their terms safely while maintaining high standards of regulatory compliance. Ultimately, this innovation functions as a layered defense mechanism intended to stabilize the lending market and protect the integrity of consumer credit profiles. Continue reading →

29Jan/26

Equifax Launches “Employment Insights” to Streamline Auto Financing with Verified Data

January 29, 2026FinanceCredit history, Credit risk, Credit score, Debt, Equifax, EQUIFAX CONSUMER, Equifax Inc., Personal finance, Pre-qualification, Verification of employmentadmin

Jan. 29, 2026 /Mpelembe Media/ — Equifax has introduced a pair of new Employment Insights tools tailored specifically for automobile retailers. These resources integrate verified job and income data from The Work Number directly into standard consumer credit reports to provide a more transparent financial overview of potential buyers. The first tool assists with prequalification by gauging a customer’s true purchasing power, while the second supports the financing stage by confirming application details to minimize lending risks. By moving away from self-reported information, dealerships can offer more accurate loan terms and accelerate the overall car-buying process. Ultimately, these digital solutions aim to help the automotive industry make faster, data-driven decisions while improving the consumer experience. Continue reading →

28Apr/25

Equifax 2024 Global Consumer Credit Trends

April 28, 2025EconomyArgentina, Australia, Brazil, Canada, Consumer price index, Corruption in the United States, Credit, Credit card, Credit history, Credit score, Credit scoring, Debt, Ecuador, Equifax, India, Inflation, Monetary policy, New Zealand, Personal finance, Spain, United Kingdom, United Statesadmin

April 14, 2025 /Mpelembe Media/ — Equifax’s 2024 Global Consumer Credit Trends Report offers a broad analysis of consumer credit conditions across ten countries, leveraging the Equifax Cloud™ for enhanced data insights. The report highlights trends in consumer credit demand, debt, delinquencies, and credit card usage, alongside inflation trends. Continue reading →

27Mar/23

Equifax Introduces New OneScore Scoring Model to Help Expand Access to Credit and Drive Financially Inclusive Lending

March 27, 2023FinanceAlternative data, Credit, Credit bureau, Credit history, Credit score, Credit score in the United States, Economy, EFX, Equifax, Finance, Money, Personal finance, United Statesadmin

Equifax® (NYSE: EFX) continues to support financially inclusive lending with the launch of OneScore, a new consumer credit scoring model that combines the company’s leadership in alternative data insights with the power of the Equifax Cloud™ to provide U.S. lenders and service providers with a more comprehensive financial picture of credit seeking consumers. OneScore is unique to the industry because it is the first single score to combine traditional credit history with telecommunications, pay TV and utility payment data on over 191 million consumers, as well as Equifax DataX and Teletrack specialty finance data on 80 million consumers – including payment history from non-traditional banks and lenders – potentially increasing credit scores by up to 25 points and the scorable population by more than 20 percent.