Equifax is the first to launch an online credit report translated into Spanish
“By providing access to credit reports in the language of their choice, we can help millions of Spanish speakers in the United States better understand their credit profiles and improve their financial well-being,” said Beverley Anderson, President Global Consumer Solutions at Equifax.
According to the 2020 U.S. Census, the Hispanic or Latino population has increased 23% since 2010, and it is the second largest racial or ethnic group. The United States has the second largest population of Spanish speakers in the world, after Mexico.
“We recognize that there is a clear demand for greater availability of information in Spanish, and we have created this report in the Spanish language to meet the growing demands. We want to expand access and understanding of credit, especially to vulnerable and historically underserved communities so that they are empowered to move forward in all aspects of their financial journey, ”Anderson added.
A healthy credit profile is essential for ensuring continued upward mobility, especially at pivotal times in life: the ability to rent an apartment, buy a house or car, get a loan and even get hired. for some jobs.
“An individual’s credit report is integral to their overall financial health, and it’s another way to support the growth and financial well-being of this growing population,” Anderson said.
Equifax is also committed to working with members of Congress to expand access to credit and increase financial inclusion.
Congressman Al Green, Chairman of the Monitoring and Investigations Subcommittee, said, “It is important that people have access to as many financial tools as possible so that they can make financially sound decisions. Without such accessibility, people are more likely to forgo certain opportunities and ownership of certain products. I am happy to know that the availability of resources across the country for Spanish speakers is increasing and I hope that will continue.
And chairman of the Hispanic congressional caucus Raul Ruiz, MD, said, “From renting an apartment to securing a loan, a healthy credit profile is important for the upward mobility of families across the country. Spanish speaking families need to have the resources they need not only to maintain a healthy credit profile, but also to fully understand how good credit can help them achieve their financial goals. “
Congresswoman Nanette Diaz Barragán, who is the vice-chair of the Congressional Hispanic Caucus, added, “It is essential that consumers understand their credit profiles as they impact many aspects of their daily lives. I am very encouraged to see that Equifax will now be providing free credit reports in Spanish. Spanish speaking constituents in my riding and across the country will benefit from this new service and will be able to make more informed financial decisions.
Consumers can request a free Spanish version of their credit report via www.equifax.com/micredito or by contacting customer service (888-Equifax, option 8 for Spanish), and if you wish, they can request it every seven calendar days. Consumers will continue to have access to Equifax call center agents who can support multiple languages through our bilingual agents or by using a third-party language service.
Equifax is in the pursuit of being the most consumer-friendly CRA, and it’s a big step forward as we improve and enhance the overall consumer experience at every point of touch, while also meeting our goal of ” help people make the best use of their finances.
ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge is the engine of progress. As a global data, analytics and technology company, we play a vital role in the global economy by helping financial institutions, businesses, employers and government agencies to make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technologies generate insights to drive decisions to get people moving. Based at Atlanta and supported by more than 12,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, central and South America, Europe, and the Asia Pacific Region. For more information visit Equifax.com
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SOURCE Equifax Inc.