How to Check Equifax Credit Report

How to check your Equifax Credit Report?

Checking the Equifax Credit Report is a simple process, but an individual should complete a few formalities before he/she receives a report, with these steps highlighted below.

1. KYC formalities: To be qualified for a credit report, a consumer must first satisfy the KYC requirements by filling out the KYC request form. A potential customer can request the KYC form by mailing it to Equifax or writing them a letter.
2. Documents: Relevant documents should be provided with the form to confirm identity. These documents could be either self-attested ID or address proof
3. Payment: An Equifax Credit Report is not free and a consumer will have to pay the necessary amount in order to receive it. The cost to receive a score is Rs.400 while it is Rs.138 to have access to the basic report, with the amount to be paid via a DD in favour of Equifax
4. Submission: The money along with all relevant documents should be sent to the Equifax office either through courier or post

Eligibility to check your Equifax Credit Report

A consumer should fulfil certain basic eligibility criteria in order to receive a credit report, submitting the following documents along with an application form.

1. Copy of self-attested ID proof. This can be either a Driving License, Voters ID Card, Aadhar card, Passport or PAN card.
2. Copy of valid address proof. This can be either a telephone bill, ration card, driving license, registered rent agreement, bank statement or electricity bill.
3. An individual should ensure that the document in question is not more than 3 months old, with a clear picture and address details.

The only way to pay for a report is with a crossed Demand Draft that includes the name and phone number of the customer and the amount that must be paid. The only address that may be mentioned with this DD is "Equifax Credit Information Services Private Limited, Mumbai." Cash or checks cannot be used as payment methods to obtain a report.

Access to Equifax Credit Report

Personal financial information is included in an Equifax credit report, which is not available for public access. Only registered users get access to their report, and no other third parties are given access to an individual's report. Institutions that have joined Equifax as members, on the other hand, have access to credit reports of individual members in order to assess their creditworthiness and offer financing.

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