Equifax

Foreign Operations

Equifax is one of the largest credit bureaus in the world. Their world headquarters is located in the United States of America operates throughout Canada, United Kingdom, Spain, Brazil, Argentina, Chile, El Salvador, Portugul, Russia, and Urguary. Since Equifax is located in over 13 countries we are going look at the three regions, Canada, South America and the United Kingdom.

In Canada Equifax provides the following services credit reports, credit score, fraud and resolve credit disputes. Canada has three credit bureaus Equifax, Transunion and Experian providing reports for personal and businesses.

The economic crunch has reached the Canadians according to newswire 71 percent of February outstanding credit is insolvent compared to Janury outstanding credit. The delinquency rate is different in each of their providences which provent us from getting the full scope Canada delinquency rate. Within one month time their citizens has gone from good credit score to very poor credit. Equifax in Cananda is looking for new ways for lenders to get a better insight on creditor ability to repay.

The bankruptcy rate is continuly increasing as people are unable to meet their debt payments. The avage bankupties is between 33, 000 and 35,000 Canadian dollars; this amount does not include home loans. With the rate of people ability to use and get credit is declining the amount of fraud and thief of personal identiy is increasing in Canada.

According to Equifax first quarter press release Canada Consumer revenue was $21.8 Million Canadian dollars, down 7 percent in Canadian currency 25 percent in U S Dollars.

In Europe (United Kingdom, Spain and Portugal) Equifax provides the following services statutory report, credit reports, credit rating, credit score, identity watch, credit watch, fraud and resolve credit disputes. United Kingdom has three large credit bureaus Equifax, Experian, and Transunion providing reports for personal and...