Equifax Monitoring Problems

Equifax monitors the financial history and payments of businesses and individuals.

Equifax is one of three of the largest consumer credit reporting agencies in the United States. Equifax monitors the financial and payment history of bank cards, store cards, mortgages and student loans of individuals and businesses.

Identity Theft

If you are a victim of identity fraud, it can be very difficult to prove this to agencies such as Equifax. Equifax does monitor your finances and investigates unusual behavior, but there is no guarantee they can put a stop to identity theft.

Equifax Small Business

Equifax allows small businesses to check and monitor the credit of companies that they work with. The Equifax Small Business program provides an extensive supply of business credit reports, but it has little control and tends not to get involved in disputes.

Equifax Monitoring

Equifax also provides a monitoring service that lets businesses determine which of their suppliers are more prompt in their payments. It encourages businesses to improve cash flow by extending credit limits with customers, which isn't always the best or sometimes even a possible option.

References

• Consumer Affairs: Privacy
• Equifax: Equifax Account Monitoring