Equifax Tools to Empower Consumers on Their Financial Wellness Journeys

MARCH IS NATIONAL CREDIT EDUCATION MONTH AND EQUIFAX WANTS TO HELP CONSUMERS better understand their credit reports and scores in an effort to aid in improving their financial well-being. Whether consumers have a goal of owning a home, buying a car, or needing a personal loan, their credit histories help determine the interest rates they are offered. 

The Equifax eBook - Navigating Your Credit Journey - answers common questions consumers have about credit reporting and credit scores, like:

• What is a credit score? - A credit score is a three-digit number, typically between 300 and 850, designed to represent a consumer’s credit risk, or the likelihood they will pay their bills on time. 

• How credit scores are calculated - Payment history, the number and type of credit accounts, a consumer’s used vs. available credit and the length of their credit history are factors frequently used to calculate credit scores. 

• What does and does not impact credit scores - The types of credit activity that may be helping and/or hurting a consumer’s respective credit score are also important.

Additional Tools to Help Empower Consumers on their Financial Journeys

Optimal Path™, the interactive credit score planner from Equifax, is a solution that integrates with each consumer’s current Equifax credit profile to provide specific tasks that they can execute on within the next 30 days to help improve their VantageScore® 3.0 score and reach their target credit score goal. The solution creates customized 30-day action plans, enabling the consumer with the ability to meet their individual, unique financial goals faster. It is available free of charge to all U.S. consumers through the myEquifax™ mobile app.

Additionally, consumers can review their Equifax credit report online free of charge via myEquifax or request their credit report through AnnualCreditReport.com. Credit reports can be requested by phone at (877) 322-8228 or by mail at the address below as well.

Annual Credit Report Request Service
P.O. Box 105281
Atlanta, GA 30348-5281
The Equifax credit report will be mailed within 15 days.

A strong credit history is a fundamental pillar of financial well-being that influences nearly every major financial decision. By understanding how credit scores work and the data behind them, consumers can make more informed decisions and navigate their credit journeys more seamlessly.

Download the “Navigating Your Credit Journey” eBook for more information.