Equifax provides 8,000 free statutory credit reports as part of Money Advice Service awareness campaign
Equifax research reveals UK consumers are managing their finances – but also highlights the importance of understanding credit information to gain new credit
Leading online credit information provider, Equifax, worked in partnership with the Money Advice Service to support its awareness campaign this spring. Designed to raise awareness of the role of credit information in consumers’ ability to access and manage credit, the campaign focused on the information on an individual’s credit report as well as the ways in which they can ensure it gives them the best chance of getting new credit when they need it.
As part of the campaign, consumers visiting the Money Advice Service website were given free access to their Equifax statutory credit report, with 8,000 making the most of the offer during a three-week period. “We want to empower individuals by helping them understand the importance of their credit information” explained Andrew Webb, Sales & Marketing Director of Equifax Personal Solutions. “We were, therefore, very excited to be involved in the Money Advice Service campaign.
“Whether applying for a mortgage or setting up a new mobile phone account, credit information will be used to confirm the identity and assess the credit status of an individual. It’s vital, therefore, that people understand what information is on their credit report and the Money Advice Service campaign did an excellent job of improving this understanding. More than 8,000 Money Advice Service customers took advantage of the free statutory credit reports we provided which demonstrates the appetite consumers have for taking control of their credit information.”
Caroline Rookes, CEO of the Money Advice Service, added: “We were delighted to see that more than 8,000 customers applied for a free copy of their statutory credit report from Equifax. Checking your credit rating is a vital for anyone who is intending to borrow money using products such as credit cards, loans and mortgages. Understanding how lenders use credit reports and ensuring that they are accurate enables consumers to really take control of their finances.”
For further press information, please contact: Clare Watson, Cecile Stearn, Parm Heer or Wendy Harrison at HSL on 020 8977 9132 / Fax: 020 8977 5200 or email: firstname.lastname@example.org
Equifax is a global leader in consumer, commercial and workforce information solutions that provide businesses of all sizes and consumers with insight and information they can trust. Equifax organizes and assimilates data on more than 600 million consumers and 81 million businesses worldwide. The company’s significant investments in differentiated data, its expertise in advanced analytics to explore and develop new multi-source data solutions, and its leading-edge proprietary technology enable it to create and deliver unparalleled customized insights that enrich both the performance of businesses and the lives of consumers.
Headquartered in Atlanta, Equifax operates or has investments in 19 countries and is a member of Standard & Poor's (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. In 2013, Equifax was named a Bloomberg BusinessWeek Top 50 company, was #3 in Fortune's Most Admired list in its category, and was named to InfoWeek 500 as well as the FinTech 100. For more information, please visit www.equifax.com.
Equifax Limited is authorised and regulated by the Financial Conduct Authority.