Equifax reports 279% increase in boxing day orders for credit report services
8% increase reported for Christmas Day
Credit information provider, Equifax, has reported a 279% increase in orders for its credit report services on Boxing Day 2014 compared to the same day in 2013. An 8% year on year uplift was recorded for Christmas Day.
Laura Barrett, Equifax Consumer Affairs, welcomes the rise on both days as a sign that consumers are becoming more aware of the role their credit information plays in them being able to access credit that they can afford.
“Whilst we have yet to analyse overall figures for 2014, the fact that significantly more consumers were downloading their credit report on Boxing Day is encouraging. It demonstrates a general improvement in consumer awareness of the role of credit information.
“Various reports have already suggested that online shopping rose markedly both in the run up to and during the festive season. Credit is a crucial part of this process so it makes sense to see the increase in orders for our credit report services. The rise may, however, also be down to people reflecting on their pre-Christmas spending and wanting to get their finances in order for the New Year.“
Percentage increase in orders for all Equifax credit report services – 2014 vs 2013
To help consumers keep control of their finances in 2015 Equifax has added an interactive Equifax Budget Planner to the tools on its website – https://www.equifax.co.uk/newsroom/index.html. The Equifax Budget Planner can be accessed for free. To help assess what financial commitments an individual has it may also help to review the information on their credit report.
The Equifax Credit Report is accessible for 30 days free simply by logging onto www.equifax.co.uk/Products/credit/credit-score.html. If customers do not cancel before the end of the 30 Day Free Trial, the service will continue at £7.95 per month, giving them unlimited online access to their credit information and weekly alerts on any changes to their credit file. It also includes an online dispute facility to help them correct any errors on their credit file simply and quickly.
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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.