Equifax Helps Organizations Of All Sizes Respond To Impact Of COVID-19 On Their Business

New Equifax Response Packages Help Businesses Plan for Changing Market Conditions and Prepare for Future

Equifax continues to closely monitor the rapidly evolving COVID-19 situation and its significant financial impact on consumers and businesses around the globe. The company is helping organizations of all sizes respond to the impact of the COVID-19 crisis with new Equifax Response packages. These packages are based on customer and industry feedback and are designed to help organizations assess current and predicted trends during this period of market uncertainty. Complimentary consumer credit trend reports make actionable economic insights readily available, and services that evaluate accounts and portfolios allow businesses to better plan and manage their customers for the future.

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“When it comes to navigating your business through today’s crisis and into a post-COVID-19 future, we believe that smarter insights drive smarter actions,” said  Sid Singh, president, United States Information Solutions (USIS) at Equifax. “Our new Equifax Response packages apply our advanced analytics and alternative data assets to the creation of trended insights that can help organizations support consumers and maintain their financial health. We’re also making summary consumer credit trend reports available free of charge – giving the businesses that drive our economy access to critical information when they need it most.”

The first package, Response FREE, is available to businesses of all sizes without cost. This package provides access to a weekly Consumer Credit Trends Report, a condensed view of city, state and national trends in auto, mortgage, credit card, consumer finance, home equity lines of credit (HELOC) and student loans made available in PDF format each week. Trend information is reviewed in a Market Pulse webinar series focused on answering the questions top of mind to businesses during this time. Equifax Response FREE is also supplemented by consulting services where we recommend solutions that can help organizations assist and approve consumer loans during these uncertain times.

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