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October 9, 2017

Equifax makes money by knowing about you

  • Equifax, TransUnion and Experian are often referred to as credit bureaus or agencies, which lends them an official air. But they're private companies: Equifax had more than $3.1 billion in revenue last year.
    AP Business Writer

    NEW YORK — Equifax knows a lot about you. That is, in essence, how it makes money.

    The company and its competitors have in their files the personal financial information of tens of millions of Americans like you, going back decades. Your mortgage loan totals. When you switched from a Macy's card to a Target card. How much you still owe for college.

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